Sayona Mining Ltd (ASX:SYA) Itabela Drilling Program Update

Brisbane, Mar 8, 2016 AEST (ABN Newswire) - Sayona Mining Limited (ASX:SYA) ("Sayona" or the "Company") is pleased to announce an update on the drilling program at the Itabela graphite project in Brazil.

By the end of the first weeks drilling, a total of 902 metres had been completed in 17 holes at the Sao Manuel prospect. The holes were designed to verify grades from previous auger drilling and to test the strike and lateral extensions of the known mineralisation.

Visible large, jumbo and super jumbo flake graphite has been consistently observed in most drill intersections, and along road cuttings exposed by surface earthworks to prepare drill access and pads (see attached photos).

The graphite mineralisation is hosted in a sequence of very deeply weathered, saprolitic paragneiss which extends from the surface down to 84 metres, the limit of current drilling. The deposit will be amenable to simple low cost mining techniques without drilling and blasting, and low cost processing.

It is anticipated the drilling the program will be completed by the end of March.

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYA-911302.pdf


About Elevra Lithium Limited

Elevra Lithium Limited is a North American lithium producer (ASX:ELV) (NASDAQ:ELVR) OTCMKTS:SYAXF) with projects in Quebec, Canada, United States, Ghana and Western Australia. In Quebec, Elevra's assets comprise North American Lithium (100%) and a 60% stake in the Moblan Lithium Project in Northern Quebec. In the United States, Elevra has the Carolina Lithium project (100%) and in Ghana the Ewoyaa Lithium project (22.5%) in joint venture with Atlantic Lithium. In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium.

   

Contact

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