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Sayona Mining Ltd.
Summary
| Project: | Mallina | |
|---|---|---|
| Deposit: | Mallina | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 10/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2018: Sayona Mining Ltd. announces an Exploration/Drilling Update report for its Mallina deposit at the Mallina project. Drilling results incl. 20m @ 1.12% Li2O from 4m. Emerging lithium miner Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Simon Attwell (Attgold Pty Ltd.) | |
| ABSTRACT: | Emerging lithium miner Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") announced today the results ofrecent drilling at its Mallina spodumene pegmatite project, highlighting its economic potential among the Company’s projects located in Western Australia’s world‐class Pilgangoora district. A total of 30 reverse circulation drill holes for 2,225 metres were completed over four spodumene pegmatite prospects within a 20 sq km area of the Mallina project. Drilling intersected a varied suite of pegmatite and aplite bodies of variable dip, strike and thickness. The identification of spodumene pegmatite from surface and of good intensity (to a maximum 3.18% Li2O) has provided encouraging evidence that the project can host economic grades of lithium mineralisation. The intercept, from northernmost portion of Area C prospect remains open at depth and to the east, south and north. Further drilling is required to understand the morphology of the pegmatites in more detail and to target potentially thickened portions of the spodumene mineralisation. Lithium assay results are presented in Table 1 and displayed in cross sections overleaf. Commenting on the results, Sayona’s Managing Director, Dan O’Neill said: “The Company is pleased that the drilling has identified spodumene pegmatite from surface, which remains open along strike to the north. This is only the second round of Sayona’s drilling at the 100km2 Mallina project, which has not previously been drilled for its lithium potential. “Mallina adds to our other prospective projects in Western Australia including Moolyella and Tabba Tabba, providing the potential for further upside while we progress our flagship Authier Lithium Project in Canada towards near‐term production for the benefit of all shareholders.” | |
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