Sayona Mining Limited (“Sayona”), a lithium producer in North America, recently announced the results of 94 new drill holes totaling 20,735 m at the Moblan Lithium Project, highlighting the high-grade nature of this extremely strategic asset.
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The drilling program aimed to test mineralization expansions and supply in-fill data for upgrading Mineral Resource classifications. Specific dykes encompassing the Main Zone, South Zone, Inter Zone, and Moleon domain have been recorded and modeled.
The most recent drilling findings support converting some indicated resources within the Mineral Resource Estimate (MRE) pit shells from the inferred category and identifying high-grade lithium mineralization outside the MRE pit shells, especially in the Inter Zone Area. In 2023, 41 holes totaling 6872 m were finished for sterilization and geotechnical reasons.
The latest drillhole results strengthen the project's position as the focal point of Sayona's Eeyou-Istchee James Bay hub in northern Quebec. They also show the project's potential to increase the base of mineral resources now present at Moblan.
We are delighted with the thick, high-grade drilling results at Moblan confirming it is one of the premier hard rock lithium deposits in North America. Most excitingly, it is clear there remains considerable potential for further expansion of the deposit which is open in all directions.
James Brown, Interim Chief Executive Officer, Sayona Mining Limited
Brown said, “The results reported today have highlighted extensions to known mineralization and most significantly a number of new zones of mineralization. The drilling has also identified mineralization between known zones and MRE pit shells which has the potential to increase the mineral resource estimate.”
We are receiving and assessing further drilling results from the 2023 program and will report those to shareholders as soon as possible. Additionally, we have now commenced a further drilling program to be completed throughout 2024. Moblan forms the centerpiece of our James Bay lithium hub and has an extremely bright future supplying Québec-produced lithium derivatives into the expanding North American battery and EV sector.
James Brown, Interim Chief Executive Officer, Sayona Mining Limited