Sayona Mining Encounters New High-Grade Lithium Zones

THE DRILL SERGEANT: Sayona Mining (ASX: SYA) has identified further multiple, high-grade lithium via recent drilling at the company’s North American Lithium (NAL) operation (SYA 75%; Piedmont Lithium 25%) in Québec, Canada.

Sayona Mining reported the drilling has identified new mineralised zones outside the project’s current Definitive Feasibility Study (DFS) pit shell.

Lithium mineralisation inside the DFS pit shell continues to show continuity and consistency in grade and thickness, which the company has interpreted to indicate the potential for resource conversion, as well as resource definition below the DFS pit shell.

The company declared results from 57 new drillholes to have greatly increased the potential for a resource upgrade at what it described as being “the current single largest source of hard rock lithium production in North America”.

Recent results include:

LAN-23-015a
30.04 metres at 1.22 per cent lithium oxide (Li2O) from 132.12m;

LAN-23-017
26.8m at 1.1 per cent Li2O from 133.85m; and

LAN-23-019
45.2m at 1.03 per cent Li2O from 206.85m.

“These results are hugely significant for NAL, showing the potential for a resource upgrade at North America’s single largest source of hard rock lithium production,” Sayona Mining interim CEO James Brown said in the company’s ASX announcement.

“Notably, some of the intercepts from this recent drilling program are thicker and higher grade than any previously encountered, increasing confidence in NAL’s mine life.

“We look forward to seeing the results from the remaining assays as we work to expand the NAL resource, further highlighting the importance of this operation for not only the joint venture partners but for the Abitibi Témiscamingue region as a key source of high-grade lithium for the battery and EV revolution.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE