November 7, 2016 - 5:43 PM EST
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Sayona Mining Ltd (DMNXF) High-Grade Mineralisation in New Authier Pegmatite Discovery

Brisbane, Australia (ABN Newswire) - Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("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).

Highlights

- New pegmatite discovery assays 7 metres at 1.36% Li20 from 15 metres downhole depth

- New discovery highlights potential for identifying new high-grade pegmatite systems at Authier

- Drilling planned in early 2017 to test potential of the new pegmatite

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 in the link below).

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".

Phase 1 Diamond Drilling Program

New drill hole AL-16-010 (see Table 1 in the link below) has intersected high-grade spodumene mineralisation, including:

- 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;

In addition, drill hole 10 also intersected the deeper target mineralisation in the main pegmatite including, 5 metres @1.36% Li2O from 236 metres, and 8 metres at 0.85% Li2O from 258 metres down hole depth including 2 metres at 1.42 % Li2O from 264 metres downhole depth.

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.

Hole 10 was planned to test the depth potential of the Authier pegmatite in the eastern sector and potentially increase the inferred resources at depth.

More than 3,960 metres of drilling has been completed in eighteen diamond holes. Drill core has been logged and sent to the laboratory for lithium analysis.

To view the release, please visit:
http://abnnewswire.net/lnk/S16369RF



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:

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

Source: ABN/Asia Business Newswire (November 7, 2016 - 5:43 PM EST)

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