Sayona Mining Drills Thick, High-Grade Moblan Intersections

THE DRILL SERGEANT: Sayona Mining (ASX: SYA) released results from recently completed drilling activity at the company’s Moblan lithium project (Sayona 60%; Investissement Quebec 40%) in northern Quebec, Canada.

Sayona Mining said the results of the 94-hole program demonstrated the high-grade nature of Moblan.

The drilling program was designed to test extensions to mineralisation and provide in-fill data for the upgrade of Mineral Resource categories.

Highlights include:

South Pegmatites:

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40.7m at 1.52 per cent lithium oxide (Li2O) from 130.5m;

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78.2m at 1.55 per cent Li2O from 51.5m; and

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57.05m at 1.48 per cent Li2O from 41.15m;

Inter Pegmatites:

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44.75m at 1.41 per cent Li2O from 250.15m;

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49.7m at 1.61 per cent Li2O from 143.3m; and

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45m at 1.17 per cent Li2O from 291.5m.

Moleon Pegmatites:

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30.2m at 1.73 per cent Li2O from 158.8m;

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44.25m at 1.29 per cent Li2O from 214m;

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42.75m at 1.85 per cent Li2O from 176.8m;

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36.85m at 1.77 per cent Li2O from 181.95m; and

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43.9m at 1.66 per cent Li2O from 139.9m.

“We are delighted with the thick, high-grade drilling results at Moblan confirming it is one of the premier hard rock lithium deposits in North America,” Sayona Mining interim CEO James Brown said in the company’s ASX announcement.

“Most excitingly, it is clear there remains considerable potential for further expansion of the deposit which is open in all directions.

“The results reported today have highlighted extensions to known mineralisation and most significantly a number of new zones of mineralisation.

“The drilling has also identified mineralisation between known zones and MRE pit shells which has the potential to increase the mineral resource estimate.

“We are receiving and assessing further drilling results from the 2023 program and will report those to shareholders as soon as possible.

“Additionally, we have now commenced a further drilling program to be completed throughout 2024.

“Moblan forms the centrepiece of our James Bay lithium hub and has an extremely bright future supplying Québec-produced lithium derivatives into the expanding North American battery and EV sector.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE