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- Sayona Mining (SYA) identifies a 750-metre eastern extension to a flat-lying south pegmatite system via initial test results from its 2023 drilling program at Moblan
- Results from the drilling include 41 metres at 1.66 per cent lithium oxide from 80.8 metres and 42.7 metres at 1.42 per cent lithium oxide from 119.9 metres
- The company reports that mineralisation remains open with resource drill-out continuing, and a resource upgrade aimed for the first half of 2024
- 60,000 metres of drilling is planned at Moblan during this year, as SYA targets further resource growth capable of supporting future productions of lithium hydroxide
- SYA shares are trading up 2.78 per cent, trading at 18.5 cents at 3:55 pm AEST
Sayona Mining (SYA) has identified a 750-metre eastern extension to a flat-lying south pegmatite system via initial test results from the 2023 drilling program at its Moblan lithium project in Quebec.
The results expand the company’s lithium footprint and include 41 metres at 1.66 per cent lithium oxide from 80.8 meters in one hole and 42.7 metres at 1.42 per cent lithium oxide from 119.9 metres in another.
The company also struck 34 metres at 2.09 per cent lithium oxide from 207 metres, including 4.01 per cent lithium oxide between 210‐211 metres.
Sayona discovered a new, near-surface pegmatite in eastern step-out drilling, which delineated 70.4 metres at 1.41 per cent lithium oxide from 11.4 metres, and 44.4 metres at 1.55 per cent lithium oxide from 15.2 metres in an adjacent hole.
The company anticipates a resource upgrade during the first half of 2024.
“Moblan is shaping up as one of the leading hard rock lithium deposits in North America, advancing our planned move towards downstream processing,” SYA Managing Director Brett Lynch said.
“Working in partnership with the Québec Government, Sayona will deliver even more speed and more tonnes faster through this expanding northern hub.”
The company reported that mineralisation remains open with resource drill-out continuing.
Sayona has planned 60,000 metres of drilling at Moblan during this year, with the company targeting further growth of its resource base capable of supporting future downstream processing and the production of lithium hydroxide.
So far, the company has completed 88 holes over 18,442 metres, and an additional 77 holes for 15,122 metres have been completed with assay results pending.
SYA shares were trading up 2.78 per cent, trading at 18.5 cents at 3:55 pm AEST.
