Sayona Mining Ltd.: Drilling to Test Lithium Pegmatites at Mallina & Tabba Tabba
11.07.2018 | ABN Newswire
Brisbane - Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to report an exploration update at its 1,818km2 project area in the Pilgangoora district of Western Australia.Highlights
- Permitting complete and government co-funding awarded for RC drilling the Mallina Area C prospect and other spodumene pegmatites
- Geochemistry extends new Area C target to over 1,400m strike length coincident with high-grade spodumene rock samples from surface
- Tabba Tabba project advanced to drill ready status with three pegmatite targets defined and drill approvals in place
Permitting at Mallina is now complete and a 20 hole, 2,500m RC drilling programme is planned to commence in August. The programme is designed to test the 1,400m strike extent of the Area C prospect and other spodumene pegmatites, where rock chip sampling has returned spodumene mineralisation up to 4.6% Li2O.
The Mallina project, located in the world-class Pilgangoora lithium district of Western Australia, now includes multiple areas of spodumene bearing pegmatites within a 20 km2 zone (see Figure 1 in link below). Government permitting and approvals have been granted and the project has been successfully awarded a co-funded Government grant. The incentive scheme grant, funded by the Government of Western Australia, allows a 50% rebate on direct drilling costs, up to a maximum of $150,000.
Exploration within the Pilbara lithium project is focused on the Mallina, Tabba Tabba and Moolyella projects (see figure 2 in link below). Each of these areas has high prospectivity and hosts newly discovered fractionated LCT lithium prospective pegmatite systems.
First pass drilling is also planned at Tabba Tabba, where statutory approval to test three pegmatite targets has been completed. Additional exploration over the project is being expedited following the discovery of spodumene pegmatite in adjacent tenure.
Dan O'Neill, Managing Director, commented "The Company is encouraged by the strong lithium mineralisation at the Area C prospect and having been awarded a grant of drill co-funding, providing confirmation of the high caliber of the targets at Mallina.
Western Australia is a world-class province for the discovery of spodumene pegmatites with excellent infrastructure and in close proximity to the Chinese converter markets. The drilling program is consistent with the Company's strategy to realise value from its large portfolio of lithium prospects in Western Australia".
To view figures, please visit:
http://abnnewswire.net/lnk/Z328WZNS
About Sayona Mining Ltd:
Sayona Mining Ltd. (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:
Sayona Mining Ltd.
Dan O Neill Managing Director
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au