Brisbane, Australia (ABN Newswire) - Sayona Mining Limited (ASX:SYA) ("Sayona" or the "Company") is pleased to announce that drilling has commenced at the East Kimberley project, Western Australia.
The reverse circulation drilling program has been planned to test the graphite potential of the Corkwood anomaly. The program is expected to be between 2,500 - 3,500 metres, weather permitting. The area has never been previously drilled for graphite.
Corkwood is a 25 kilometre zone of graphite prospective stratigraphy. Petrographic studies have demonstrated the potential for large flake graphite, a high-value product that attracts premium pricing.
Sampling, mapping and geophysics at Corkwood has identified six prospective target areas for drilling over a 7 kilometre strike length. Drill target selection is based on the following:
- Areas of high-grade rock chip samples up to 20.2% total graphitic carbon;
- Zones mapped on surface with graphite outcrop widths of up to 35 metres; and
- Strong and coherent conductive anomalies from geophysics, coincident with surface mineralisation.
The objective of the drilling program is to confirm:
- The grade, width and strike extent of the main anomalies;
- The potential for bulk tonnage mineralisation, especially at the Flying Ant prospect which has an 800 metre strike length; and
- Early indications of the graphite flake size potential.
Figure 1 and 2 outline the priority target zones and Figures 3-5 demonstrate key targets based on geochemical and geophysical analysis.
To view the Figures, please visit:
About Sayona Mining Ltd:
Sayona Mining Limited (ASX:SYA) is an Australian, ASX-listed, company focused on sourcing and developing high purity flake graphite for use in the rapidly growing new technology sectors and industrial sectors.
Sayona Mining Ltd
Chief Executive Officer
T: +61 7 3369 7058
Source: ABN/Asia Business Newswire
(December 1, 2015 - 6:39 PM EST)
News by QuoteMedia