Sayona Mining Acquiring Second Quebec Lithium Project

THE BOURSE WHISPERER: Sayona Mining (ASX: SYA) is making staged acquisition of the Tansim lithium exploration project in Quebec, Canada.

Sayona Mining explained the Tansim project is situated 82 kilometres south-west of the company’s Authier lithium project, also in Quebec.

The project comprises 65 mineral claims of 12,000 hectares, and is considered by Sayona to be prospective for lithium, tantalum, and beryllium.

Historical exploration on the property has included mapping, sampling, geophysics and preparation of a Canadian NI43-101.

Historical work on the project has identified three main rare metal showings, Vézina, Viau, and Viau-Dallaire.

Sayona outlined future exploration activities that will include reinterpretation of historic geophysical data, mapping and sampling of the pegmatites to define drilling targets.

Priority targets include:

Viau Dallaire: a 300-metre-long dyke, dipping 40 degrees north, and 12-20 metres in thickness, which has produced three channel samples, including:

10.3 metres at 1.4 per cent lithium dioxide (Li20)
11.15m at 0.84 per cent Li20 and
18.95 metres at 0.94 per cent Li20, including 7.3m at 1.77 per cent Li20).

Viau: pegmatites have been mapped up to 200m long and 30m wide.

Two separate channel samples returned grades of up to 2.77 per cent Li20 and 1.37 per cent Li20 over 3.2m respectively.

“The company is excited to have another exciting lithium project in close proximity to the Authier project,” Sayona Mining chief executive office Corey Nolan said I the company’s announcement to the Australian Securities Exchange.

“The company will draw on its significant experience and expertise in lithium geology in the region, developed through more than 20,000 metres of drilling and exploration at Authier.

“Tansim demonstrates stand-alone potential but could be developed as a complimentary satellite operation to Authier, where the company is currently completing a Definitive Feasibility Study.”