SYA 2.13% 4.8¢ sayona mining limited

Musk Metals Announces it has Completed Drilling on its 100%...

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    Musk Metals Announces it has Completed Drilling on its 100% Owned "Elon" Lithium Project in Quebec, Canada (bignewsnetwork.com)
    This might indicate that the general area is fertile in lithium and that the regional environment is more favorable for additional lithium discovery in the future.

    The Property and Adjacent Properties

    The Elon Property is strategically located in Abitibi, Qc at approximately 600 meters northeast of North American Lithium Project (recently acquired by Sayona Québec) and formerly known as Mine Québec Lithium. North American Lithium produced over 907,000 tons of material at 1.40% Li2O between 1955 and 1965 (Boily et al, 1989). In a June 28th, 2022 news release, Sayona Québec formally approved the restart of North American Lithium operation for lithium extraction and spodumene concentrate production. In September 2022 Sayona announced a 200 million dollars contract for the mining operations (September 27th, 2022 press release).

    Jourdan Resources is investigating a pegmatite field approximately 1000m SE of the Elon Property, has reported lithium content of up to 2.38% Li2O over 0.90m and 1.33% Li2O over 5.25m in pegmatites (June 9th, 2022 and July 7th, 2022 news release) and plans to conduct a second drilling campaign (September 15th, 2022 press release). Sayona announced in November the acquisition of the Vallée Lithium property (November 14th, 2022 press release).

    Last edited by Zinc62: Do you think that the strategic buying of Jourdan and Troilus was the proximity of Elon properties?... 30/12/22
 
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