North American lithium producer Sayona Mining (ASX:SYA) has its sights sets of further drilling at its Tabba Tabba Lithium Project in Western Australia following the discovery of new lithium-caesium-tantalum (LCT) pegmatites.
Sayona, which has a $411.73 million market capitalisation, says the new targets warrant deeper drilling along a 7.5km prospective corridor immediately south of the historic Tabba Tabba tantalum mine, where Wildcat Resources (ASX:WC8) has encountered lithium mineralisation.
The LCT pegmatites were uncovered during a 77-hole aircore drilling program focused on the northern and southern drilling areas. The southern drilling areas contain the Roadside and Turley prospects.
An orientation ground gravity geophysical survey has already been launched — over the southern extensions to the Tabba Tabba tantalum mine and the Roadside prospect — to identify the prospective gabbro-sediment contact for target drilling.
The survey covers a 7km-by-2km area and comprises about 2,500 stations arranged on 160m-by-40m traverses ,and is expected to be complete in three weeks.
“Given the recent discoveries in neighbouring tenements, we are excited to progress the exploration for lithium mineralisation in Western Australia,” director and interim CEO James Brown says.
“We look forward to continuing our exploration program in both Québec, Canada and Western Australia as we expand and diversify our global lithium portfolio.”
Sayona Mining has assembled two lithium hubs in Quebec and also holds a ‘large’ portfolio of tenements prospective for gold and lithium in Western Australia’s Pilbara region.
Write to Adam Drought at Mining.com.au
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