Sayona Mining Ltd: Drilling Intersects Thick Zone of Mineralisation in Gap Zone
25.10.2016 | ABN Newswire
Brisbane - Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to announce that drilling between the eastern and western resource zones in the main pegmatite has intersected a thick zone of spodumene mineralisation at the Authier lithium deposit.Hole 16 has intersected a 40 metre thick zone of spodumene mineralisation in the main pegmatite at a downhole depth of 160 metres. Historical drilling has previously failed to intersect mineralisation within the middle to deep levels of the gap zone, and it was interpreted that the resource didn't connect between the eastern and western zones (see Figure 1 in the link below). Spodumene mineralisation was visible throughout the intersection and interpreted as medium to high grade lithium, and drill core has been sent to the laboratory for assaying.
The new interpretation will enhance the value of the project by:
- Adding additional resource. The mineralisation within the zone is interpreted to extend approximately 150 metres in strike length and down to 200 metres depth; and
- Simplify the mine plan and optimisation of the life-of-mine stripping ratio.
An additional drill hole within the western border of the gap zone (hole 18) is being drilled for resource definition purposes.
The Company's drilling objective is to significantly expand the size of the Authier JORC Resource and extend the mine life, and potentially the scale of a future operation. A prefeasibility study is underway to study the technical and commercial viability of the base case development scenario, and is due for completion late in 2016.
To view the announcement, please visit:
http://abnnewswire.net/lnk/GEZ558Y2
About Sayona Mining Ltd:
Sayona Mining Ltd. (ASX:SYA) is a company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. Please visit us as at www.sayonamining.com.au
Contact:
Sayona Mining Ltd.
Corey Nolan Chief Executive Officer
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au
