Corkwood Geophysical Program to Define Drill Targets Commences
Brisbane, Oct 12, 2015 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) is pleased to announce that it has commenced a Versatile Time Domain Electromagnetic ("VTEM") geophysical survey over the Corkwood project area within the East Kimberley project, Western Australia.
The VTEM geophysical system is considered to be the most practical and efficient method for rapid target generation over large areas such as the 20 kilometre strike extent of the Corkwood graphite structure.
The helicopter borne geophysical program will comprise approximately 320 line kilometres, with the survey covering all of the known graphite mineralisation within project area.
The principle objectives of the program are:
- Precisely define the most prospective portions of the known graphite horizons and their strike extent under cover so as to help identify areas with the thickest and best flake graphite mineralisation;
- Test the potential of parallel zones not clearly exposed or hidden at surface; and
- Define the dip and potential depth extent of the mineralisation.
The survey will take approximately three days to complete, with results available approximately two weeks after completion. Results will assist in the definition of high grade, jumbo flake graphite drill targets, with a maiden drilling program, anticipated to commence during the fourth quarter 2015.
About Sayona Mining Limited
Sayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).
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