Sayona ramps up Pilbara gold exploration

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ASX-listed Sayona Mining is ramping up its Western Australian gold exploration in search for ‘Hemi-style gold mineralisation’.

The company, which has allocated a $2 million exploration budget for calendar 2021, said recent  success in identifying 16 new target anomalies during April’s airborne magnetic surveying has encouraged the increased exploration activity.

Sayona’s Managing Director, Brett Lynch said budgeted work includes drill testing of discrete magnetic anomalies at the Mt Dove and Deep Well projects, which display characteristics of hi?Mg diorite intrusions host to gold mineralisation.

“Sayona is keen to advance its Australian gold business and this investment in exploration is a clear demonstration of our confidence in our projects’ potential,” Mr Lynch said.

“Our Pilbara gold projects all lie within a 10?50 km radius and encircle the expanding Hemi, which is shaping up to be a large footprint, world?scale deposit.

“With our recent efforts to identify drill targets, we look forward to advancing  this  exploration  activity  and  unlocking  further  value  for  shareholders,  in  addition  to  our  flagship lithium projects in Canada.”

Image credit: https://sayonamining.com.au/west-australian-lithium/