Sayona Mining (ASX:SYA) has reported significant lithium oxide hits from 57 drill holes covering 14,350 meters outside its current Definitive Feasibility Study (DFS) pit shell at the North American Lithium (NAL) operation in Quebec, Canada. The new mineralization, which includes 30 meters at 1.22% and another at 45.20 meters at 1.03% from varying depths, could potentially lead to a resource upgrade at this primary source of hard rock lithium production in North America.
The company is also awaiting assay results from an additional 152 holes spanning 43,500 meters at NAL. The findings are seen as crucial for NAL and its future prospects, with Interim CEO James Brown emphasizing their potential to benefit the joint venture partners and the Abitibi-Temiscamingue region.
The mineralization consists of substantial undeformed pegmatite dykes hosting 15-25% of spodumene, located at the margin of the Preissac-Lacorne granodiorite. Demonstrating mineralization continuity between historical holes through in-pit drill holes could potentially increase Mine Reserves.
The NAL operation, near La Corne township in Quebec's Abitibi-Temiscamingue region, comprises a contiguous group of 42 mineral titles spanning 1,493 hectares. It includes a lithium mine and concentrator, with production of spodumene concentrate having recommenced in March 2023.
The company recently achieved a quarterly record with three shipments conducted during the September quarter, marking its maiden spodumene concentrate shipments to the global lithium market. Sayona is actively engaging with local communities, including First Nations, regarding the development of the NAL operation.
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