11 JULY 2018
DRILLING PLANNED TO TEST LITHIUM PEGMATITES AT MALLINA AND TABBA TABBA
Highlights
Permitting complete and government co-funding awarded for RC drilling the Mallina
Area C prospect and other spodumene pegmatites
Geochemistry extends new Area C target to over 1,400m strike length coincident with
high-grade spodumene rock samples from surface
Tabba Tabba project advanced to drill ready status with three pegmatite targets
defined and drill approvals in place
Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased to report an
exploration update at its 1,818km2 project area in the Pilgangoora district of Western
Australia.
Permitting at Mallina is now complete and a 20 hole, 2,500m RC drilling programme is
planned to commence in August. The programme is designed to test the 1,400m strike extent
of the Area C prospect and other spodumene pegmatites, where rock chip sampling has
returned spodumene mineralisation up to 4.6% Li2O.
The Mallina project, located in the world-class Pilgangoora lithium district of Western Australia,
now includes multiple areas of spodumene bearing pegmatites within a 20 km2 zone (see
Figure 1). Government permitting and approvals have been granted and the project has
been successfully awarded a co-funded Government grant. The incentive scheme grant,
funded by the Government of Western Australia, allows a 50% rebate on direct drilling costs,
up to a maximum of $150,000.
Exploration within the Pilbara lithium project is focused on the Mallina, Tabba Tabba and
Moolyella projects (see figure 2). Each of these areas has high prospectivity and hosts newly
discovered fractionated LCT lithium prospective pegmatite systems.
First pass drilling is also planned at Tabba Tabba, where statutory approval to test three
pegmatite targets has been completed. Additional exploration over the project is being
expedited following the discovery of spodumene pegmatite in adjacent tenure.
Dan O’Neill, Managing Director, commented “The Company is encouraged by the
strong lithium mineralisation at the Area C prospect and having been awarded a grant
of drill co-funding, providing confirmation of the high caliber of the targets at Mallina.
Western Australia is a world-class province for the discovery of spodumene pegmatites
with excellent infrastructure and in close proximity to the Chinese converter markets. The
drilling program is consistent with the Company’s strategy to realise value from its large
portfolio of lithium prospects in Western Australia”.
Link:
hotcopper.com.au/threads/...tabba-tabba.4298379/#.W0W39_kzZaQ Text zur Anzeige gekürzt. Gesamten Beitrag anzeigen »