Pilbara Lithium Project Enhanced By New Acquisition
Brisbane, April 12, 2016 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) is pleased to announce that it is continuing to advance its lithium exploration portfolio with a new application of 140 km2 at Cooglegong, covering the northern part of the Shaw River tin field in the Pilbara district of Western Australia.
Highlights:
- Application for 140 km2 covering a historic tin field with rare metal pegmatites
- Never previously explored for lithium but host to prospective albite pegmatites
- Pilbara lithium project now totals six tenements covering 764 km2
The Shaw River tin field covers an area of historic tin mining and is host to numerous pegmatites of albite composition. Tantalum is also reported from the area, indicating the potential presence of rare metal, lithium prospective pegmatite systems.
Mineralisation is hosted in pegmatite related to a 'newer' granite, the Spearhill Adamellite. The Cooglegong application (ELA 45/4738 - see Figure 1 in link below) secures part of this intrusion and the surrounding Shaw River batholith, and greenstone remnants.
The area has never been explored for its lithium potential, but the presence of rare metal pegmatites, an evolved albite composition and presence of suitable host rocks indicates an elevated prospectivity.
The Company is exploring the project for its potential to host the albite - spodumene class of rare metal pegmatite and is developing a range of methodologies to efficiently test its large Pilbara regional project area. The Company has new secured granted and tenement applications totalling 764 km2 in the Pilbara region, and 843 km2 in Western Australia.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/0E9I332E
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).
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