High-Grade Rock Chips Significantly Expand Mallina Potential
Brisbane, June 9, 2017 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to report an exploration update at its Mallina spodumene pegmatite project in the Pilgangoora district of Western Australia.
Highlights
- New high grade rock chip assays at the Eastern No.2 Pegmatite up to 3.55% Li2O
- Mapping at the Eastern No.3 Pegmatite identifies pegmatite over 1,400m in strike extent. Rock chip assays up to 1.98% Li2O
- Airborne geophysics completed; targets identified for follow up testing
- Reverse circulation drilling program to commence next week
Fieldwork has enhanced the potential of the recently identified eastern group of pegmatites (see figure 1 and 2 in the link below). Rock sampling at the Eastern No.2 Pegmatite, which strikes over 1,300 metres, has continued to return high-grade lithium assays up to 3.55% Li2O.
Mapping and rock sampling at the Eastern No.3 Pegmatite has confirmed the system extends over a 1,400m strike length. Spodumene mineralisation identified in the southern portion assayed up to 1.95% Li2O. Results from other sampling are pending. The southern portion of the pegmatite appears to be the most prospective with a thickened package of parallel and bifurcating pegmatites with good width potential.
A 2,147 line kilometre ultra-detailed magnetic/ radiometric survey has been completed, identifying targets for field follow-up and testing. The spodumene pegmatites at Mallina have a north-south strike which does not relate to basement geology and careful interpretation of data has identified a number of prospective areas which remain unexplored.
Permitting is now complete and RC drilling is contracted to commence within the next week. A 30 hole, 2,500m maiden drill programme has been designed to test six of the spodumene pegmatites identified at Mallina to date.
Corey Nolan, Chief Executive Officer, commented "The Company is encouraged that the new results confirm the robust grade, thickness and strike extent of the new pegmatite discoveries. The Mallina prospect now contains two parallel pegmatite systems with more than 1,000 metres of strike length each. Drilling will commence next week to test their potential".
To view tables and figures, please visit:
http://abnnewswire.net/lnk/227YG7DL
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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