Brisbane, May 8, 2017 AEST (ABN Newswire) - Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to report the initial rock chip assay results from the new Mallina East spodumene pegmatite discovery in the Pilgangoora district of Western Australia.

Highlights

- Rock chip assays up to 3.98% Li20 returned in new eastern spodumene pegmatite zone

- Results confirm lithium mineralisation in three new zones of spodumene pegmatites, with the main Eastern Pegmatite outcropping over 1,300 metres of strike extent

- Widths up to 20 metres observed on surface, true thickness unknown. Assays confirm lithium present as spodumene, which is observed all along the pegmatite body

- Exploration and permitting being fast-tracked to allow drill testing

The results confirm that the Mallina East pegmatite is mineralised along the 1.3 kilometre strike extent that has been identified and sampled to date. The highest lithium grades, up to 3.98% Li20, are hosted in a very coarse spodumene pegmatite. Of the 14 samples collected over the Eastern Pegmatite, the average lithium content is 1.23% Li2O (see Figure 1 and Table 1 in the link below). Some of this sampling however includes weathered silicified cap-rock, which although closely related to areas of spodumene mineralisation, is not itself mineralised. It is anticipated that spodumene is present in the fresh rock below these zones.

In addition to the Eastern Pegmatite, a number of other pegmatites have been identified, including a zone to the north-east of the main pegmatite which, assayed up to 3.16% Li2O, and a western zone which assayed up to 0.52% Li2O (see Figure 2 in the link below). The new discovery areas remains very lightly explored and the initial results have confirmed the potential of the area.

The Mallina project, located in the world-class Pilgangoora lithium district of Western Australia, now includes seven areas containing spodumene pegmatite mineralisation (see Figures 2 and 5 in the link below). Further exploration will continue around the discovery areas to define drill targets. Permitting and approvals are underway to allow drill testing of the targets as soon as possible.

Corey Nolan, Chief Executive Officer, commented "The Company is very encouraged by the potential scale of the new pegmatite which is demonstrating the potential for robust grade, thickness and strike extent. The Company will work towards drill testing the targets as quickly as possible".

To view tables and figures, please visit:
http://abnnewswire.net/lnk/B8LN609X


About Sayona Mining Ltd

Sayona Mining LtdSayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) is a company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. Please visit us as at www.sayonamining.com.au

 


Contact

Corey Nolan
Chief Executive Officer
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au



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