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Sayona Mining Ltd.
Summary
| Project: | Authier | |
|---|---|---|
| Deposit: | Authier | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 4/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-4-2017: Sayona Mining Ltd. announces an Exploration/Drilling Update report for its Authier deposit at the Authier project. Drilling results incl. 32m @ 1.15% Li2O from 165m. Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to ann | |
| Resources: | (Resource, Total): 13.74Mt @ 1.07% Li2O for 146700t Li2O contained at project | |
| CP/QP: | [Overall Report]: Dr. Gustavo Delendatti (Independent) | |
| ABSTRACT: | Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to announce the assay results from the first five diamond drill holes in the Phase 2 drilling program at the Authier lithium project in Canada. The new holes drilled west of the main Authier pegmatite orebody have successfully demonstrated extensions of the mineralisation at open-cut mineable depths. The results have confirmed an extension of the main pegmatite orebody by 300 metres to the west within the deeper levels and 200 metres west at shallower levels. The mineralisation remains open to the west and further drilling will be required to test the full western strike extent of the deposit. The Phase 2 drilling program has now been completed. Thirty-one diamond drill holes totaling 4,104 metres have been completed testing extensions of the mineralisation to the west, east and depth in the main orebody, and within the new northern pegmatite. Assay results from the remaining holes are pending. The Phase 2 drilling program follows a successful 3,967 metre drilling campaign in 2016 which significantly expanded the size of the Authier Mineral Resource. The Phase 2 diamond drilling program commenced in January 2017 and comprised 31 holes for 4,104 metres. The drilling program has been designed to improve the overall quality and expand the size of the JORC 2012 compliant Mineral Resource estimate announced in November 2016. The deposit geometry is now very well defined through nearly 22,000 metres of diamond drilling in 172 holes. The orebody remains open in the east, west and at depth. The Company’s plan is to increase the size and confidence levels of the resource, and to study the merits of an expansion and/or the value adding potential of the project beyond what has been scoped in positive Pre-Feasibility Study released in February 2017. | |
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