Corkwood Drilling Intercepts Broad Graphite Mineralisation
Brisbane, Dec 8, 2015 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) ("Sayona" or the "Company") is pleased to announce that drilling is intersecting broad zones of graphite mineralisation at the East Kimberley project, Western Australia.
A total of 17 holes for 1,668 metres has been drilled with each hole intersecting visual graphite mineralisation. Intercepts of up to 58 metres downhole widths have been logged, with multiple zones of mineralisation present in some prospect areas. The results demonstrate a good correlation with the observed surface mineralisation, as well as defining new graphite zones (see Figures 1 and 2 in link below).
Following the confirmation of graphite mineralization from the initial drilling, the Company has mobilised a second drilling rig to accelerate completion of the program. The Company is planning for a total 2,500 - 3,500 metres, weather permitting.
Samples are being dispatched for analysis and the first results are anticipated in January 2016.
Corkwood is a 25 kilometre zone of graphite prospective stratigraphy. Petrographic studies have demonstrated the potential for large flake graphite, a high-value product that attracts premium pricing. The drill program is testing six prospective target areas over a 7 kilometre strike length.
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYA-896523.pdf
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is a dual-listed lithium producer and developer, supplying a reliable, secure and sustainable source of this critical mineral at the heart of global electrification.
Headquartered in Brisbane, Australia, Elevra has a globally diversified portfolio of world-class lithium assets across Quebec, North Carolina, Ghana, and Western Australia. Elevra was formed through the merger of Piedmont Lithium and Sayona Mining.
By combining operational excellence with disciplined asset management, we strive to maximise efficiency, drive superior shareholder value, and create lasting benefits for all stakeholders.
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