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Highlights
- At Mallina, two rigs have arrived, one a diamond rig that is ready to begin targeting subsurface primary pegmatites.
- The Mt Edon Lithium Project's fieldwork programme is completed.
Sayona Mining Ltd (ASX:SYA) said today (April 22) that Morella Corporation Limited (ASX:1MC) has provided an update on exploration activities being undertaken at both the Mallina Lithium Project (E47/2983) and Mt Edon Lithium Project (E59/2092/E59/2055).
The update provided by Sayona revealed that drilling is underway at the Mallina Lithium Project.
On the back of the news, Sayona's shares were 1.43% up, trading at AU$0.36 each at the time of writing this article.
Also Read: What is driving Sayona Mining’s (ASX:SYA) bullish run at the ASX?
Morella Corporation owns a 51% interest in Sayona Mining's probable lithium development portfolio in Western Australia via an Earn-in Agreement (EiA). While Sayona's Pilbara portfolio includes the Mallina project. It may be recalled that within a 25-square-kilometre area, many zones of spodumene pegmatites have been discovered.
Drilling Underway at Mallina
The reverse circulation (RC) drill contractor mobilised to the Mallina Project in the second week of April after establishing a field camp in late March. Drilling work began on 18 April 2022, after site and safety management protocols and inductions were completed.
The RC programme comprises three 150-meter collars in preparation for 470-meter diamond core tails. Within the following week, the RC programme should be completed.
Sayona further informed that a second drilling contractor arrived at the Mallina Project on 20 April 2022 and began going through site safety management standards and inductions in preparation for diamond core drilling to start. The core programme, which includes 1,020 metres of drilling, will begin today (on 22 April 2022) and be finished in four to five weeks.
Mt Edon Lithium Project
Morella has begun early-stage exploration and fieldwork at the Mt Edon Lithium Project. As announced in the ASX announcement Heritage and approvals progress sets Mallina Lithium Project ready for drilling, released 14 March 2022. Mt Edon is around 2 kilometres north of Paynes Find and 420 kilometres north of Perth via the Great Northern Highway.
The Paynes Find Belt, a 5km wide package of mafic, ultramafic, and felsic volcanic rocks has southern greenstone layers that the Project overlies. The greenstone strata is interrupted by a large number of pegmatite dykes/sills, which are the focus of Morella's lithium exploration efforts.
Image source: © Newschooler1 | Megapixl.com
About Morella Corporation
Morella Corporation Limited is a lithium and battery materials exploration and resource development firm. The company is actively conducting exploration work on a number of lithium project possibilities in Tier 1 mining jurisdictions in Australia and the United States.
Sayona’s business
Sayona Mining Limited is a resource business that specialises in locating, acquiring, and analysing mineral exploration assets, with an emphasis on lithium. Two of the company's geographical segments are Australia and overseas. The company's main focus has been on the Authier Lithium Project in Quebec, Canada, and the Tansim Lithium Project in Canada.
Also Read: Here’s why Sayona Mining (ASX:SYA) shares are trading in red today
