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 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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