New Mineralised Pegmatite Discovered at Authier
Brisbane, Oct 11, 2016 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce it has discovered a new spodumene bearing pegmatite at the Authier lithium project, Quebec.
The new pegmatite was discovered in a step-back drill hole (no. 10) targeting deeper mineralisation in the eastern zone of the Authier pegmatite. The new pegmatite, not visible from the surface, was intersected at shallow levels between 15 metres to 21 metres downhole depth and contained visible spodumene mineralisation (Figure 1, refer to link below).
The new pegmatite is located approximately 400 metres north of the main pegmatite resource. Further drilling is required to test the extent of the new pegmatite system.
Drill hole 10 was planned to test the depth extension of the Authier resource at 200 metres vertical depth. In addition to the mineralisation intersected in the new pegmatite, mineralised pegmatite of the main body was also intersected between 234 - 244 metres, and 258 to 280 metres downhole depth.
The new discovery highlights the potential for identifying new pegmatites within the Authier tenement package which remains under explored outside the main pegmatite resource.
The Company has now completed ten drill holes totalling 2,000 metres and samples from the first seven holes have been sent to the laboratory for analysis.
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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