New Lithium Tenure Aquired at Moolyella In Western Australia
Brisbane, Aug 10, 2016 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce that it continues to consolidate its lithium exploration ground holding with a new tenement application in the Moolyella district, Western Australia.
Highlights:
- New tenement application in a district known for hosting spodumene bearing pegmatites
- Articulated strategy to target rare metal complex pegmatites, previously not assayed for lithium
- Expanding its presence in the emerging Pilbara lithium province to cover 1,047 km2 in total (upon grant of the new 61km2 application area)
The new project area at Moolyella (ELA45/4813) covers 61km2, and secures part of the southern portion of the Mt Edgar batholith. Rare metal pegmatites associated with post tectonic granites intruding this batholith have been the source rocks for historic tin-tantalum mining. Importantly, spodumene bearing pegmatites have recently been identified in the Moolyella area. The companies Moolyella application, located to the south and east is targeting similar occurrences. It has not been previously explored for its lithium potential.
Government mapping indicates the lithium pegmatites in the Moolyella Tin Field are associated with north south structures, and a number of these have been identified from detailed airborne magnetics within the Company's new application. These targets will be the focus of initial exploration.
Upon grant of the new tenement application, the Company will have a total of 1,047km2 of tenure in the Pilbara (refer Figure 1 in link below) district which is prospective for spodumene bearing pegmatites.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/9D0TH0HG
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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