Sayona Mining claims new pegmatite discovery at Authier

THE DRILL SERGEANT: Sayona Mining (ASX: SYA) has claimed a new discovery at the company’s Authier lithium project in Quebec, Canada.

Sayona Mining said the discovery highlights potential for identifying new high-grade pegmatite systems at Authier.

Sayona’s assertion is based on assay results it received from pegmatite discovered during the company’s October drilling campaign in a step-back drill hole (drill hole 10) targeting deeper mineralisation in the eastern zone of the Authier main pegmatite.

The company indicated that although the new pegmatite is not visible from the surface, it was intersected at shallow levels between 15 metres to 22m downhole depth.

The intercept in the new pegmatite included:

7 metres at 1.36 per cent lithium oxide (Li2O) from a downhole depth of 15m (vertical depth of 12m), including 2m at 2.24 per cent Li2O from 17m.

Sayona said more drilling will be required to test the extent of the new pegmatite system.

Drill hole 10 also intersected deeper target mineralisation in the main pegmatite including:

5m at 1.36 per cent Li2O from 236m to 241m; and

8m at 0.85 per cent Li2O from 258m to 266m down hole depth.

“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,” Sayona Mining chief executive officer Corey Nolan said in the company’s announcement to the Australian Securities Exchange.

“Drilling to test the potential of the new pegmatite is planned in early 2017.”

Email: info@sayona.mining.com.au

Website: www.sayonamining.com.au