Authier Lithium Project Drilling Permit Granted
Brisbane, Aug 25, 2016 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce it has received the required permits to begin drill testing the Authier lithium project, Quebec.
Highlights:
- Authier drilling permit granted. Drilling planned to commence early September
- Diamond drilling program of between 5,000 - 6,000 metres to upgrade the categories of mineral resources and test for extensions of the mineralisation
- Drilling to provide important geotechnical and hydrological data for the Pre-Feasibility Study
The Company is planning a diamond drilling program of between 5,000 - 6,000 metres commencing in early September 2016, once track clearing is completed.
The aim of the drilling program, includes:
- Converting the inferred mineral resources to measured and indicated through further drilling;
- Increasing the drill density to convert mineral resources to reserves;
- Exploring for extensions to the existing mineral resources and other potential mineralisation within the tenement package;
- Collecting geotechnical and hydrological data for incorporation in the Authier Feasibility Studies; and
- Collecting additional drill core for any additional metallurgical testing that may be required to complete a Bankable Feasibility study, planned for 2017.
The drilling program has been designed to improve the overall quality and expand on the size of its existing JORC 2012 compliant Mineral Resource estimate (Table 1, see link below). The project has more than 15,000 metres of diamond drilling in 123 holes, and 2,143 assay samples (Figure 1, see link below).
Corey Nolan, Chief Executive Officer, commented "The Company is pleased to have quickly received its permit for the drilling program. The resource definition drilling is expected to enhance the quality and scale of the resource that will be used in the Pre-Feasibility Study. Once the Pre-Feasibility Study is completed, the Company plans the rapid completion of a Bankable Feasibility Study, securing off-take agreements and project financing".
To view tables and figures, please visit:
http://abnnewswire.net/lnk/O87FI4OO
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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