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Sayona Mining Ltd.
Summary
| Project: | Authier | |
|---|---|---|
| Deposit: | Authier | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 4/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-4-2018: Sayona Mining Ltd. announces an Exploration/Drilling Update report for its Authier deposit at the Authier project. Drilling results incl. 37m @ 1.03% Li2O from 98.4m. Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to an | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gustavo Delendatti (Independent) | |
| ABSTRACT: | Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to announce the assay results from the Phase 3 drilling program at the Authier lithium project, Quebec. A number of diamond drill holes have intercepted high-grade spodumene mineralisation with best drilling intercepts, including. Drilling has successfully demonstrated depth extensions of the mineralisation at the main Authier pegmatite. Infill drilling successfully targeted areas of low drilling density with the objective of upgrading the resource categories. A number of holes testing the eastern extensions of the main Authier pegmatite at shallow levels were stopped due to the presence of a fault zone but warrant further testing in a future drilling program. A potential third deep pegmatite dyke was intercepted at a depth of 300 metres and returned low grade mineralisation due the replacement of spodumene by phengite. Further drilling will be required to test the potential of this system, especially at shallower levels. Drilling has successfully extended the mineralisation at the Authier North pegmatite from 300 metres to 500 metres in strike length, and at depth. The system remains open in all directions. The Company believes the new drilling has the potential to expand the size of the existing Mineral Resource and Ore Reserve, and the mineralisation remains open in all directions. | |
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