The company embarked on a staged acquisition of Tansim in January.
Tansim is about 82 kilometres from the company’s Authier Lithium Project in Québec where it has a JORC resource of 17.4 million tonnes at about 1% lithium.
A prefeasibility study has been completed at Authier which indicates the company could establish a project generating annual underlying earnings of $38 million.
Following the company’s success with the Authier project, the reasonably close proximity of Tansim is of relevance.
Knowledge of Authier geology is beneficial
Management is keen to recommence exploration when weather conditions allow.
Corey Nolan, chief executive officer, said: “Sayona is planning to commence exploration as soon as the winter snow has melted and it can get clear access to the property.
“The company will draw on its significant experience and expertise in lithium geology in the region, developed through more than 20,000 metres of drilling and exploration at Authier.”
Surface mapping shows 9-kilometre long pegmatite
The survey has confirmed a strong east-west magnetic anomaly coincident with surface mapping of pegmatites over an area 9 kilometres long and up to 700 metres wide.
Mapping, sampling and drilling will be required to define the geometry of the pegmatites.
Near-term definition of drilling targets
The priority focus of the next exploration program planned in April is to define drilling targets at Viau Dallaire and Viau.
The former is a 300-metre long dyke, between 12 and 20 metres in thickness.
Three channel samples included 10.3 metres at 1.4% lithium and 19 metres at about 1% lithium.
Viau’s pegmatites have been mapped up to 200 metres in length and 30 metres in width with two separate channel samples returning grades of up to 2.7% lithium.