For thousands of other reports visit RSC's Mineral Intellingence Map
Sayona Mining Ltd.
Summary
| Project: | Authier | |
|---|---|---|
| Deposit: | Authier | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 11/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-11-2016: Sayona Mining Ltd. announces a Resource Estimation report for its Authier deposit at the Authier project. Updated mineral resource estimate for Authier project. Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to announc | |
| Resources: | (Resource, Total): 9.12Mt @ 0.96% Li2O for 87302t Li2O contained at project | |
| CP/QP: | [Resources]: Dr. Gustavo Delendatti (Independent) | |
| ABSTRACT: | Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to announce an updated indepedent JORC Mineral Resource estimate for the Authier lithium project. The significantly expanded, JORC 2012 compliant Mineral Resource estimate, tabulated below, follows a successful 3,967 metre drilling campaign. The contained lithium dioxide Mineral Resource has increased by 68% from 87,302 tonnes to 146,700 tonnes compared to the July 2016 JORC Mineral Resource estimate. The average grade has increased from 0.96% Li20 to 1.07% Li2O, and 86% of the contained Mineral Resource is categorised within the Measured and Indicated Mineral Resource categories. The Mineral Resource has been estimated and reported in accordance with the guidelines of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). A summary of the estimation methodology and competent person statement is included in this announcement. Corey Nolan, Chief Executive Officer, commented, “The 2016 drilling program has significantly expanded the size of the Mineral Resource and improved the average grade of the deposit, especially at shallow levels which would be mined first in a future operation. The size of the contained lithium dioxide Mineral Resource has increased 68%, and mineralisation within the Measured and Indicated Mineral Resource categories has also increased from 77% to 86% compared to the previous July 2016 JORC Mineral Resource. Mineralisation remains open in all directions and more drilling is planned in early 2017 to expand the resource for the Definitive Feasibility Study”. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report