Authier Lithium Project JORC Mineral Resource Expansion
Authier Lithium Project JORC Mineral Resource Expansion
Brisbane, April 12, 2018 AEST (ABN Newswire) - Sayona Mining Limited (ASX:SYA) ("Sayona" or the "Company") is pleased to announce an updated independent JORC Mineral Resource estimate for the Authier lithium project.

Highlights

- Mineral Resource increased following Phase 3 drilling program

- 86% of the new Mineral Resource in the Measured and Indicated categories

- Potential to expand the resource through further drilling

- Expanded Mineral Resource to be incorporated into the Definitive Feasibility Study

The expanded, JORC 2012 compliant Mineral Resource estimate has been increased from 186,939 tonnes to 209,476 tonnes of contained lithium oxide compared to the November 2017 estimate. The new resource includes in-pit, infill mineralisation in the eastern and central part of the Authier Main resource, and a depth extension of the Main Authier pegmatite in the west zone. In addition, The Northern Pegmatite resource has been expanded to include new mineralisation from the Phase 3 drilling program which extended the mineralised strike from 300 metres to 500 metres.

Table 1- Authier JORC Mineral Resources Estimate (0.45% Li20 cut-off grade)

Category   Tonnes (Mt) Grades %Li20 Contained Li20
--------------------------------------------------
Measured    6.09       1.01%         61,509
Indicated  11.55       1.04%        120,120
Inferred    2.82       0.98%         27,636
-------------------------------------------
Total      20.46       1.02%        209,265


The Mineral Resource has been estimated and reported in accordance with the guidelines of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). A summary of the estimation methodology and competent person statement is included in this announcement.

The new mineral resource will be incorporated into the Definitive Feasibility Study ("DFS") that is currently underway. On completion of the DFS the Company will report a new JORC compliant Ore Reserve estimate.

To view all tables and figures, please visit:
http://abnnewswire.net/lnk/02E3ZISH


About Sayona Mining Ltd

Sayona Mining LtdSayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) is an Australian-based, ASX-listed (SYA) 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.

The Company's primary focus is the development of the Authier Lithium deposit in Quebec, Canada however exploration for additional lithium deposits is also ongoing in the Authier region and in the Pilbara of Western Australia where the Company has an extensive lithium exploration package of tenements.

 


Contact

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



Related Companies

Sayona Mining Ltd

ABN Newswire This Page Viewed:  (Last 7 Days: 36) (Last 30 Days: 136) (Since Published: 2015) 
ANALYTICS: LOGIN HERE

Sayona Mining Ltd NEWS: RECENT VISITS (19147)

Research Report

Social Media