Corkwood Drilling Intercepts Broad Graphite Mineralisation
Brisbane, Dec 8, 2015 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) ("Sayona" or the "Company") is pleased to announce that drilling is intersecting broad zones of graphite mineralisation at the East Kimberley project, Western Australia.
A total of 17 holes for 1,668 metres has been drilled with each hole intersecting visual graphite mineralisation. Intercepts of up to 58 metres downhole widths have been logged, with multiple zones of mineralisation present in some prospect areas. The results demonstrate a good correlation with the observed surface mineralisation, as well as defining new graphite zones (see Figures 1 and 2 in link below).
Following the confirmation of graphite mineralization from the initial drilling, the Company has mobilised a second drilling rig to accelerate completion of the program. The Company is planning for a total 2,500 - 3,500 metres, weather permitting.
Samples are being dispatched for analysis and the first results are anticipated in January 2016.
Corkwood is a 25 kilometre zone of graphite prospective stratigraphy. Petrographic studies have demonstrated the potential for large flake graphite, a high-value product that attracts premium pricing. The drill program is testing six prospective target areas over a 7 kilometre strike length.
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYA-896523.pdf
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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