Join our daily newsletter At The Bell to receive exclusive market insights
- Sayona Mining (ASX:SYA) hits new high-grade lithium zones outside of its current DFS pit shell at its NAL operation in Quebec, Canada
- The company is aiming to increase the hard rock lithium resources and received results from 57 drillholes for 14,350m, with the new zones showing thickness and consistency
- A significant hit included 30 metres at 1.22 lithium oxide from 132.12 metres
- The results follow Sayona’s recent maiden shipments of spodumene concentrate to the international lithium market, meanwhile, assays are pending for an additional 152 holes (43,500 metres)
- SYA last traded at 7.2 cents
Sayona Mining (ASX:SYA) has identified new high-grade lithium zones outside of the current definitive feasibility study (DFS) pit shell at its North American Lithium (NAL) operation in Quebec, Canada.
A significant hit included 30 metres at 1.22 lithium oxide from 132.12 metres.
Other results included 26.80 metres at 1.10 per cent lithium oxide from 133.85 metres and 45.20 metres at 1.03 per cent lithium oxide from 206.85 metres.
Sayona reported that assay results are pending for an additional 152 holes, which covered 43,500 metres, as the company continues to execute its strategy to discover more hard rock lithium.
The results follow Sayona’s recent maiden shipments of spodumene concentrate to the international lithium market.
“These results are hugely significant for NAL, showing the potential for a resource upgrade at North America’s single largest source of hard rock lithium production,” SYA Interim CEO James Brown said.
“We look forward to seeing the results from the remaining assays as we work to expand the NAL resource, further highlighting the importance of this operation for not only the joint venture partners but for the Abitibi-Temiscamingue region as a key source of high-grade lithium for the battery and EV revolution.”
SYA last traded at 7.2 cents.
