Sayona Mining Limited Stock Market Press Releases and Company Profile
Drilling Intersects Thick Zone of Mineralisation in Gap Zone
Drilling Intersects Thick Zone of Mineralisation in Gap Zone

Brisbane, Oct 25, 2016 AEST (ABN Newswire) - Sayona Mining Limited (googlechartASX:SYA) (googlechartDMNXF:OTCMKTS) ("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 Limited

Sayona Mining LtdSayona 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). 

 

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Contact

Corey Nolan
Chief Executive Officer
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au



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