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Sayona Mining Ltd.
Summary
| Project: | Authier | |
|---|---|---|
| Deposit: | Authier | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 11/3/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-11-2016: Sayona Mining Ltd. announces an Exploration/Drilling Update report for its Authier deposit at the Authier project. Drilling results incl. 50m @ 1.13% Li2O from 156m. Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to ann | |
| Resources: | (Resource, Total): 9.12Mt @ 0.96% Li2O for 87302t 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 a further 5 diamond drill holes at the Authier lithium project, Quebec. Diamond drill holes 3 to 7 have intercepted high-grade spodumene mineralisation. The aim of the drilling program is to increase the size of the resource and improve the confidence level of the JORC resource categories. Three out of five new drill holes reported (holes 3, 4 and 5) successfully tested the deep extensions of mineralisation at the main Authier pegmatite. Holes 6 and 7 holes were planned to test the geometry of the Authier pegmatite at shallow levels in the eastern and central part in order to upgrade the resource category from indicated to measured. Holes 6 and 7 has returned better grades and thicknesses compared to surrounding historical drill holes. The phase 1 program is now completed and comprised 3,960 metres of drilling in 18 diamond holes The Company believes the new drilling has the potential to expand the size of the existing JORC Resource, and mineralisation remains open in all directions. The lithium mineralisation at Authier project is related to multiple pulses of spodumene bearing quartz-feldspar pegmatite. Higher lithium grades are related with high concentrations of mid to coarse spodumene crystals (up to 4 cm long axis) in a mid to coarse grained pegmatite facies. The first two drill holes were planned to test the geometry of the Authier pegmatite at shallow levels in the eastern sector and upgrade the resource category from indicated to measured. | |
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