Highlights
- Discovery of a significant new southern lithium pegmatite zone at
- Highlights include 5m @ 1.85% Li2O from 3.5m and 35m @ 1.62% Li2O from 27.6m in hole DDH135 together with 6.6m @ 1.69% Li2O from 2.1m and 27.2m @ 1.53% Li2O from 22.0m in hole DDH136; mineralisation at shallow, 60m vertical depth, open in all directions and near main Moblan deposit
- Results demonstrate potential for a northern hub to add to Sayona's established Abitibi lithium hub, as the Company further strengthens its leading lithium (spodumene) resource base in
Assay results from two holes, completed at the newly defined Moblan South Discovery, have identified lithium mineralisation at shallow depth, located some 200m south of the main Moblan deposit. Results include 5m @ 1.85% Li2O from 3.5m and 35m @ 1.62% Li2O from 27.6m in hole DDH135 together with 6.6m @ 1.69% Li2O from 2.1m and 27.2m @ 1.53% Li2O from 22.0m hole DDH136 (refer Table 1*).
The Moblan South Discovery is a new and distinct spodumene pegmatite zone, open in all directions.
The drill holes form part of a 35 hole, 4,683m diamond drill program recently completed at Moblan.
Assay results for other drill holes are pending, with a follow-up drilling program planned as soon as possible.
Sayona's Managing Director,
"Moblan is set to form the basis of a major northern hub for Sayona in
The geology and mineralogy are very similar in both holes, with spodumene occurrences throughout the pegmatite and high lithium grades up to 4.02% Li2O. The lithium assay content is consistent with the local variations of spodumene logged in core.
The Moblan South discovery is located approximately 200m south of the Moblan deposit, as shown in the cross section and plan below (Figure 2*).
The Moblan project is located about 100km north of the town of
Sayona is committed to engaging local communities as the project progresses, including First Nations and other local community members, consistent with its stakeholder engagement approach.
The positive results from Moblan follow Sayona's recently announced doubling of its JORC compliant lithium resource base for its flagship North American Lithium and Authier Lithium Projects, with a total JORC combined Measured, Indicated and Inferred Mineral Resource of 119.1 million tonnes @ 1.05% Li2O (refer ASX announcement
In
Analysts Benchmark Mineral Intelligence have reported that the total amount of proposed and existing lithium-ion capacity has more than doubled since the beginning of 2021 to over 6 terawatt hours, with lithium supply described by
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OEVYK4D7
About
Please visit us as at www.sayonamining.com.au
Contact:
Managing Director
Phone: +61 (7) 3369 7058
Email: info@sayonamining.com.au
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