January 24, 2017 - 9:28 PM EST
Print Email Article Font Down Font Up Charts


Sayona Mining Ltd (DMNXF) Authier Phase 2 Drilling Program Commences
Brisbane, Australia (ABN Newswire) - Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to announce it has commenced Phase II resource expansion drilling program at the Authier lithium project, Quebec.

Highlights

- 4,000 metres of new expansion and definition drilling started

- Focus on the expansion of the resource following the highly successful drilling program in 2016 which significantly increased the resource and grade

- Drilling to define the size and lithium grade of the recently discovered, highgrade, northern pegmatite

The Company believes there is excellent potential to both expand the size of the existing resource and to optimise and improve the existing resource. In addition, the Company is planning to further expand the total project area resource by drilling the recently discovered lithium pegmatite and undertaking exploration for further mineralised pegmatites.

The program incorporates approximately 4,000 metres of diamond drilling. The mineralisation remains open in all directions (see Figure 1 and 2 in the link below) and drilling is being planned with the following objectives, including:

- Defining the mineralised boundaries and lifting the resource categories in the western sector that were not accessible during the 2016 drill program. The 2016 drilling program in the western zone highlighted wide intervals of mineralisation, including 46m @ 1.26% Li2O from a depth of 190 metres, including 24m @ 1.62% Li2O from 190 metres;

- Testing for mineralisation in the eastern and western strike extensions;

- Infill definition drilling within the main resource zone (Infill zone on Figure 1 in the link below) where the mineralisation is not well defined and is currently treated as waste;

- Assessing the resource potential of the new northern pegmatite which intersected 7m @ 1.36% Li20 from 15 metres. Any new mineralisation within the new pegmatite is likely to fall within the main Authier open-cut pit shell and significantly improve the waste to ore ratio in a future operation; and

- Pegmatites generally occur in "swarms" and the company's aim is to locate additional mineralised pegmatites in the area.

The drilling program has been designed with three aims, including:

- To improve the overall quality and expand on the size of its JORC 2012 compliant Mineral Resource estimate. The project now has nearly 19,000 metres of diamond drilling in 141 holes. The Company's plan is to increase the size and confidence levels of the resource and to study the merits of an expansion and/or the value adding potential of the project beyond what has been studied in the current Pre- Feasibility Study which is nearing completion (see Figures 1 and 2 in the link below);

- Assess the resource potential of the newly discovered pegmatite (see Figure 2 in the link below); and

- Locate additional lithium mineralised pegmatites.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/2ASNK51R



About Sayona Mining Ltd:

Sayona Mining Limited (ASX:SYA) is a company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. Please visit us as at www.sayonamining.com.au



Source:

Sayona Mining Ltd



Contact:

Corey Nolan
Chief Executive Officer
Phone: +61-7-3369-7058
Email: [email protected]
www.sayonamining.com.au
 

Source: ABN/Asia Business Newswire (January 24, 2017 - 9:28 PM EST)

News by QuoteMedia
www.quotemedia.com

Legal Notice