New Lithium Tenure Aquired at Moolyella In Western Australia
Brisbane, Aug 10, 2016 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce that it continues to consolidate its lithium exploration ground holding with a new tenement application in the Moolyella district, Western Australia.
Highlights:
- New tenement application in a district known for hosting spodumene bearing pegmatites
- Articulated strategy to target rare metal complex pegmatites, previously not assayed for lithium
- Expanding its presence in the emerging Pilbara lithium province to cover 1,047 km2 in total (upon grant of the new 61km2 application area)
The new project area at Moolyella (ELA45/4813) covers 61km2, and secures part of the southern portion of the Mt Edgar batholith. Rare metal pegmatites associated with post tectonic granites intruding this batholith have been the source rocks for historic tin-tantalum mining. Importantly, spodumene bearing pegmatites have recently been identified in the Moolyella area. The companies Moolyella application, located to the south and east is targeting similar occurrences. It has not been previously explored for its lithium potential.
Government mapping indicates the lithium pegmatites in the Moolyella Tin Field are associated with north south structures, and a number of these have been identified from detailed airborne magnetics within the Company's new application. These targets will be the focus of initial exploration.
Upon grant of the new tenement application, the Company will have a total of 1,047km2 of tenure in the Pilbara (refer Figure 1 in link below) district which is prospective for spodumene bearing pegmatites.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/9D0TH0HG
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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