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Sayona Mining Ltd.
Summary
| Project: | Authier | |
|---|---|---|
| Deposit: | Authier | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 11/8/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2016: Sayona Mining Ltd. announces an Exploration/Drilling Update report for its Authier deposit at the Authier project. Drilling results incl. 7m @ 1.36% Li2O from 15m. Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to annou | |
| 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 the pegmatite discovered during the October drilling campaign (see ASX release, “New mineralised pegmatite discovered at Authier, 11 Oct 2016) at the Authier lithium project, Quebec). The new pegmatite was discovered in a step-back drill hole (no. 10) targeting deeper mineralisation in the eastern zone of the Authier main pegmatite. The new pegmatite, not visible from the surface, was intersected at shallow levels between 15 metres to 22 metres downhole depth (see Figure 1). The intercept in the new pegmatite included, 7 metres at 1.36% Li2O from a downhole depth of 15 metres (vertical depth of 12 metres) including 2 metres at 2.24% Li2O from 17 metres. The new pegmatite dips to the north and is located approximately 400 metres north of the main pegmatite resource. Further drilling is required to test the extent of the new pegmatite system. In addition, drill hole 10 also intersected the deeper target mineralisation in the main pegmatite including, 5 metres @1.36% Li2O from 236 – 241 metres, and 8 metres at 0.85% Li2O from 258 – 266 metres down hole depth. Corey Nolan, Chief Executive Officer, commented “The new discovery highlights the potential for identifying new high-grade pegmatites within the Authier tenement package which remains largely under explored outside the main pegmatite resource. Drilling to test the potential of the new pegmatite is planned in early 2017”. | |
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