- Latest results for 36 new drillholes totalling 8,803 m for Sayona’s North American Lithium (NAL) operation,
Québec, Canada with highlights including:- North-West Extension - New Pegmatites
- 21.00m @ 1.55% Li2O from 352.90m in drillhole LAN-24-153A
- 25.50m @ 1.64% Li2O from 308.20m in drillhole LAN-24-156
- 25.35m @ 1.76% Li2O from 269.25m in drillhole LAN-24-159
- 18.40m @ 1.54% Li2O from 356.05m in drillhole LAN-24-159
- Resources Area - Potential Resources Upgrade or Conversion
- 26.05m @ 1.66% Li2O from 324.25m in drillhole LAN-23-010-W1
- 19.90m @ 1.52% Li2O from 52.20m in drillhole LAN-23-072
- North-West Extension - New Pegmatites
- All assay results of the 2023 drilling campaign are now completed, validated and released (24 holes for 4,9001 m in this release)
- High-grade results were obtained from the first 2024 drillholes (12 drillholes and wedges totalling 3,903 m).
- Further drilling program totalling approximately 30,000 m to be completed at NAL throughout 2024.
All the drilling results from the 2023 exploration program are now complete, validated and released and the first results from the 2024 exploration drilling program, which is currently underway, are reported in this release. The 2023 drill program has been a successful in demonstrating the potential to increase the mineral resource base at NAL. The 2023 drill program was designed to test extensions to mineralisation and provide in-fill data for the upgrade of Mineral Resource categories. The latest drilling results include the identification of high-grade lithium mineralisation outside the Mineral Resource estimate (MRE) pit shells, particularly in the North-West and South-East extensions, and support potential conversion of some of the Inferred resources to Indicated category within the MRE pit shells.
Sayona’s Interim CEO,
“The results reported today have shown that mineralisation continues outside of the existing MRE pit shells so the next key step will be to complete a recalculation of the MRE to include recent drilling.
“Additionally, we will also complete a further 30,000 metres of drilling throughout 2024 to better understand the full potential of the NAL mineralisation.”
For more information, please contact: | For community and local media enquiries, please contact: |
Investor Relations | Communications and Community Relations |
Ph: +617 3369 7058 | Ph: +1 819 856-3288 |
Email: ir@sayonamining.com.au | Email: bianca.galimi@sayona.ca |
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For more information, please visit us at www.sayonamining.com.au
The original version of the press release is available at the following link: https://clients3.weblink.com.au/pdf/SYA/02818888.pdf
References to Previous ASX Releases
- New high-grade zones discovered at North American Lithium –
13 May 2024 - New high-grade zones encountered in NAL drilling –
2 November 2023 - DFS confirms NAL value with
A$2.2B NPV –14 April 2023
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.
Competent and Qualified Person Statement
The information in this announcement relating to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr.
Forward Looking Statements
This press release contains certain forward-looking statements. Such statements include, but are not limited to, statements relating to "reserves" or "resources". Forward-looking statements are based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Sayona’s control. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such forward-looking statements.
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