- Sayona Mining's (SYA) recently completed technical report has highlighted the potential of its Tansim Lithium Project in Quebec
- Pleasingly, discovering the exploration potential for albite-spodumene pegmatites follows the project's recent expansion to 15,907 hectares
- To test the lithium project's potential, Sayona will allocate about C$1.6 million (roughly A$1.65 million) to a 5000-metre drilling program
- The company may also conduct a second phase program to include a mineralogical study, metallurgical test work and a mineral resource estimate
- Sayona's shares are up 25 per cent to trade at 4 cents
Sayona Mining (SYA) has completed a Canadian National Instrument (NI) 43-101 technical report for its Tansim Lithium Project which is located in Quebec.
These reports are part of a mineral resource classification scheme used to present information about mineral properties. The completion follows the lithium project's recent expansion to 15,907 hectares and comprising 275 claims.
Pleasingly, the NI 43-101 report concluded the Tansim Lithium Project has strong exploration potential to increase the size of albite-spodumene pegmatites which remain open at depth.
"The confirmation of Tansim's high exploration potential is extremely welcome following our recent expansion of the project," Managing Director Brett Lynch said.
Tansim is located 82 kilometres from Sayona's Authier Project and hosts pegmatites across the Viau and Viau-Dallaire prospects, which were discovered in the 1950s. However, these areas have seen little exploration until recently.
Sayona plans to spend about C$1.6 million (roughly A$1.65 million) on a 5000-metre drilling program. It may also conduct a second phase program to include a mineralogical study, metallurgical test work and a mineral resource estimate.
"We see Tansim becoming a key component of our vision for a world-scale lithium hub in the Abitibi region, uniquely located to service the North American lithium market," Brett concluded.
Sayona's shares are up 25 per cent to trade at 4 cents at 11:48 am AEDT.