Sayona Mining (ASX: SYA) will commence exploration over its Pilbara gold portfolio, targeting Hemi-style mineralisation.
Initial work will focus on the Mt Dove project, which includes testing for intrusion-related gold mineralisation.
Sayona Mining managing director Brett Lynch says the company is excited to launch this exploration program.
“A recent assessment identified a number of targets across our 100% owned Pilbara gold portfolio,” he said.
“The Hemi discovery has highlighted the region’s potential and we look forward to unlocking the prospectivity of our large tenement holding for the benefit of shareholders, adding to our flagship Authier Lithium Project and other lithium projects in Canada and WA.”
De Grey Mining’s Hemi discovery is a large-scale, high-value, near-surface gold discovery.
The gold price has reached above US$2000poz and Goldman Sachs forecasts price to reach US$2300 in 2021.
Sayona Mining is an emerging lithium miner with projects in Quebec, Canada and WA, including its fully-owned 824m2 Pilbara gold and lithium tenements.
