Savant Explorations Ltd.
TSX VENTURE : SVT

Savant Explorations Ltd.

August 19, 2008 09:00 ET

Savant Explorations Ltd. Completes Initial Drill Program on Two Targets in Heart of the Chilean Porphyry Copper District

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 19, 2008) - Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to announce that it has completed the majority of its previously announced drill program on its 3,500 hectare Gabriela property, located along a major highway and power transmission lines approximately 60 kilometres north of BHP Billiton's Spence mine (annual production of 200,000 tonnes of copper) and 40 kilometres west of Codelco's giant Chuquicamata producing copper mine.

Two targets were tested during the program. The initial target drilled was the Corobre where a single hole tested what Savant's technical team believes to be the upper part of a buried porphyry copper and molybdenum mineralized body at depth. The hole was drilled to 662 metres, the depth capacity of the drilling rig. The hole appears to have reached the upper part of a porphyry copper and molybdenum mineralized body. The casing was left in place to allow for later deepening of the hole. A second hole was drilled in to the Pinchazo target, located 2 kilometres to the north west of the Corobre target, where previous shallow drilling encountered low copper values in what Savant's technical team interprets to be the upper part of a second porphyry system. The Pinchazo hole was drilled to a depth of 567 metres where it was lost due to fault related drilling complications prior to reaching its planned minimum depth of 650 metres. As in the case of the Corobre target, the hole had entered porphyry copper-type mineralization and continued in porphyry copper mineralization to the end of the hole.

Having largely confirmed our geologic exploration model with the results from these initial two drill holes, it was decided that drilling of the third planned hole south of the Corobre Target would be postponed to a later date when drill equipment with greater depth penetration can be located and contracted for such work.

Drill core from the two holes is being sampled and will be sent to ACME Analytical Laboratories S.A. in Santiago, Chile. Analytical results from the drilling are not expected before late September.

The technical details of the property are available in a report by Paul G. Lhotka PhD, P. Geo., filed on SEDAR and on our company website.

The Gabriela property is 100% owned by Savant. A portion of the property, referred to as the Yuby claims is subject to Xstrata's back-in right to earn 50% of Savant's interest in the property by spending 2.5 times Savant's expenditure on the property. The earn back provision covers the Pinchazo and Corobre targets.

John McClintock, P. Eng, President Savant Explorations Ltd. is the Qualified Persons, as defined by National Instrument 43-101, responsible for the technical data in this news release.

This press release contains forward-looking statements concerning the mineralization at and the potential of the Gabriela Project. These forward-looking statements are based upon the reasonable beliefs of Savant and its management as of the date of this news release; however, forward-looking statements involve risks and uncertainties and are based upon factors that may change and assumptions that may prove, with the passage of time, to be incorrect as a result of exploration and other risk factors associated with mineral exploration and development that are beyond the control of Savant. Accordingly, undue reliance should not be placed upon such statements. If factors materially change or assumptions are materially incorrect, the actual results, performance or achievements of Savant may be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Savant does not undertake any obligation to update or revise any forward-looking statements to reflect new information, future events or otherwise, except as required by applicable law.

Contact Information