Sayona Mining receives final assays from Authier drilling program
THE DRILL SERGEANT: Sayona Mining (ASX: SYA) released assay results from the final ten diamond drill holes to be completed at the company’s Authier lithium project in Quebec, Canada.
Sayona Mining said all the diamond drill holes intercepted high-grade spodumene mineralisation.
Best intercepts, include:
Hole 09
38 metres at 1.1 per cent lithium dioxide (Li2O) from 192m, including 23m at 1.35 per cent Li2O from 192m;
Hole 11
46m at 1.26 per cent Li2O from 135m, including 24m at 1.62 per cent Li2O from 137m;
Hole 12
47m at 1.05 per cent Li2O from 161m, including 27m at 1.31 per cent Li2O from 167m;
Hole 13
24m at 1.25 per cent Li2O from 184m;
Hole 14
45m at 1.08 per cent Li2O from 148m, including 18m at 1.34 per cent Li2O from 171m;
Hole 015
20m at 1.32 per cent Li2O from 242m;
Hole 16
28m at 1.20 per cent Li2O from 158m, including 18m at 1.39 per cent Li2O from 162m; and
Hole 17
45m at 1.28 per cent Li2O from 190m, including 23m at 1.77 per cent Li2O from 190m.
Sayona explained that six of the latest drill holes tested the deep extensions of mineralisation at the main Authier pegmatite.
Another four tested the geometry of the Authier pegmatite at shallow levels in the eastern and central sectors in order to upgrade the resource categories from indicated to measured.
“The company believes the new drilling has the potential to expand the size of the existing JORC Resource, and the mineralisation remains open in all directions,” Sayona Mining said in the company’s ASX announcement.
“The company is pleased with the combination of thickness and high-grades of spodumene intersections reported from the drilling program.
“More drilling is planned for early 2017.”
Sayona indicated a new JORC Resource incorporating all the new assay results is being prepared and is expected to be included in the Pre-Feasibility Study, which is currently underway.
The mineralisation remains open in all directions and the follow up drilling being planned for early 2017 will be undertaken with the objectives of:
Defining the mineralised boundaries and lifting the resource categories in the western sector that was not accessible during the summer months;
Testing for mineralisation in the east and west strike extensions; and
Assessing the resource potential of the new northern pegmatite.
The company said any new mineralisation within the new pegmatite to likely fall within the main Authier open-cut pit shell, adding that any new resources will improve the waste to ore ratio in a future operation.
Email: info@sayonamining.com.au
Website: www.sayonamining.com.au