Additional Lithium Tenements Acquired in WA
Brisbane, Mar 30, 2016 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) is pleased to announce that it has continued to develop its lithium exploration strategy with two new tenement applications in the Pilgangoora district, Western Australia (Figure 1, see link below).
Highlights:
- Two new tenements prospective for lithium secured in Pilgangoora district, Western Australia
- Targeting rare metal pegmatites, previously unexplored for lithium
- Expands lithium tenements in the Pilgangoora district to five covering 624 km2
The new project areas at Friendly Creek (ELA47/3475) and West Wodgina (ELA45/4726) cover 339km2, and secure areas of past tin and tantalum prospecting activity (Figure 2, see link below). The bedrock rare metal pegmatite hosts have not been subject to modern exploration or assessment for their lithium potential. The project areas show similarities with the tin pegmatites at Mt Cassiterite in the Wodgina field which host spodumene bearing albite pegmatites, the Company's target exploration focus.
Commencement of field exploration over the Pilbara projects is planned to commence shortly.
The acquisition is complementary to the Company's recent strategy shift to focus on both graphite and lithium exploration, and develop the raw materials required for the production of lithium-ion batteries (ASX release, Strategic Entry in to the Western Australian Lithium Market, 17 March 2016). Further acquisitions to further this aim are anticipated.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/6KS8AJ4Q
About Sayona Mining Limited
Sayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).
| ||
|
