Sayona Mining (ASX:SYA) - Managing Director, Brett Lynch
Managing Director, Brett Lynch
Source: Sayona Mining
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Sayona Mining (SYA) identifies multiple new spodumene pegmatites in its latest drilling at the Moblan lithium project in Quebec
  • The company completed a 35-hole diamond drill program, which saw grades of up to two per lithium oxide
  • SYA says the new discoveries have the potential to “significantly” increase its North American resource base
  • It is now conducting a 20,000-metre drill program to complete a new resource calculation at the project
  • Shares in the company are up 10 per cent to trade at 13.8 cents as of 10:47 am AEST

Sayona Mining (SYA) has identified multiple new spodumene pegmatites in its latest drilling at the Moblan lithium project in Quebec.

The company completed a 35-hole diamond drill program, which saw grades of up to two per lithium oxide.

SYA said the new discoveries have the potential to “significantly” increase its North American resource base.

The results suggest the pegmatites were more developed at depth, indicating the potential for multiple pegmatite cluster discoveries.

One of the best results included 32.1 metres at two per cent lithium oxide from 94.1 metres.

Managing Director Brett Lynch said he was pleased with the results.

“These latest results are another boost to our emerging northern lithium hub, demonstrating Moblan’s potential to become a world‐class deposit in a proven lithium region,” he said.

SYA has progressed drilling, with three drill rigs and a new 20,000-metre drill program underway to conduct a new resource calculation at the project.

Shares in the company were up 10 per cent to trade at 13.8 cents as of 10:47 am AEST.

SYA by the numbers
More From The Market Herald
MetalsGrove Mining (ASX:MGA) - Managing Director, Sean Sivasamy

" MetalsGrove Mining (ASX:MGA) begins soil sampling at Upper Coondina

MetalsGrove Mining (ASX:MGA) has begun a soil sampling program at its Upper Coondina lithium project in…
Bellavista Resources (ASX:BVR) - Non Executive Chairman, Mel Ashton

" Bellavista Resources (ASX:BVR) commissions second rig for Brumby, WA

Bellavista Resources (ASX:BVR) has commissioned a second rig to begin drilling at its Brumby zinc-silver-copper project…

" Sky Metals (ASX:SKY) encounters further tin mineralisation at Tallebung, NSW

Sky Metals (ASX:SKY) has reported further tin mineralisation at its Tallebung tin project in New South…
Spectur (ASX:SP3) - Managing Director, Gerard Dyson

" Spectur (ASX:SP3) raises $1.15m in SPP

Spectur (ASX:SP3) has raised $1.15 million through a security purchase plan (SPP) and shortfall offer.