Sayona Mining encounters wide hits of Canadian lithium

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) released assay results from the first diamond drill holes carried out at the company’s Authier lithium project in Quebec, Canada.

The first two diamond drill holes intersected high-grade spodumene mineralisation, including:

Hole 1:
62 metres at 1.35 per cent lithium dioxide (Li2O) from a downhole depth of 12m, including 16m at 1.65 per cent Li2O from a downhole depth of 27m.

Hole 2:
49m at 1.18 per cent Li2O from a downhole depth of 50m (vertical depth of 30m), including 17m at 1.49 per cent Li2O from a downhole depth of 81m.

Sayona Mining explained the aim of the drilling program is to increase the size of the project’s current 9.12 million tonnes at 0.96 per cent Li20 for 87,302 tonnes of lithium resource and improve the confidence level of the JORC resource categories.

The first two drill holes were planned to test the geometry of the Authier pegmatite at shallow levels in the eastern sector and increase the resource category from indicated to measured.

The company said the drilling has intersected zones of spodumene mineralisation and extended the areas of known mineralisation, adding it considers the new drilling to hold potential to expand the size of the existing JORC Resource with mineralisation open in all directions.

Sayona highlighted the discovery of a second pegmatite body, located 400m north of the Authier pegmatite, which it said shows potential for discovering new pegmatites within the tenement package.

“The company is very encouraged by the widths and high-grade nature of the mineralisation intersected in the drilling,” Sayona Mining chief executive officer Corey Nolan said in ithe company’s announcement to the Australian Securities Exchange.

“The company believes the new drilling will have the potential to expand the size of the JORC resource at the completion of the program.

“The new resource will be incorporated into the pre-feasibility study which is currently underway.”

Email: info@sayonamining.com.au

Website: www.sayonamining.com.au