Drilling Intersects Thick Zone of Mineralisation in Gap Zone
Brisbane, Oct 25, 2016 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce that drilling between the eastern and western resource zones in the main pegmatite has intersected a thick zone of spodumene mineralisation at the Authier lithium deposit.
Hole 16 has intersected a 40 metre thick zone of spodumene mineralisation in the main pegmatite at a downhole depth of 160 metres. Historical drilling has previously failed to intersect mineralisation within the middle to deep levels of the gap zone, and it was interpreted that the resource didn't connect between the eastern and western zones (see Figure 1 in the link below). Spodumene mineralisation was visible throughout the intersection and interpreted as medium to high grade lithium, and drill core has been sent to the laboratory for assaying.
The new interpretation will enhance the value of the project by:
- Adding additional resource. The mineralisation within the zone is interpreted to extend approximately 150 metres in strike length and down to 200 metres depth; and
- Simplify the mine plan and optimisation of the life-of-mine stripping ratio.
An additional drill hole within the western border of the gap zone (hole 18) is being drilled for resource definition purposes.
The Company's drilling objective is to significantly expand the size of the Authier JORC Resource and extend the mine life, and potentially the scale of a future operation. A prefeasibility study is underway to study the technical and commercial viability of the base case development scenario, and is due for completion late in 2016.
To view the announcement, please visit:
http://abnnewswire.net/lnk/GEZ558Y2
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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