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Sayona Mining initiates hunt for conglomerate gold in the Pilbara

Sayona has identified rocks prospective for conglomerate hosted gold.
Sayona Mining initiates hunt for conglomerate gold in the Pilbara
Sayona shares are up 12.5% today at $0.018

Sayona Mining Ltd (ASX:SYA) is readying to commence field exploration for conglomerate hosted gold in Australia's hottest mining post code, the Pilbara region of Western Australia.

The focus will be at the Deep Well project, where initial reconnaissance has identified favourable stratigraphy including quartz pebble conglomerate with potential for conglomerate hosted gold mineralisation.

Interest in the region for gold has recently surged as explorers test the hypothesis proposed by Dr Quinton Hennigh of Novo Resources (CVE:NOV).

Hennigh believes that due to past geological events, a significant amount of gold is yet to be discovered.

Corey Nolan, chief executive officer, commented:

"The recent geological work at Deep Well which has identified rocks prospective for conglomerate hosted gold, displays the inherent value of the 2,000+ square kilometre tenement holding Sayona has in the Pilbara which will be fully evaluated for additional gold targets."

Details of the region

Sayona said that the 119 square kilometre tenement application has poor outcrop and basement geology is largely obscured by recent cover.

Bedrock is interpreted to be Mallina Group sediments, intruded by granites in the east.

A 15 kilometre strike extent of the target stratigraphy is within the tenement.

Volcanic rocks, including pillow basalts, flows and mafic fragmental typical of the Fortescue aged Mt Roe Basalt have been recently identified during fieldwork.

They appear to be part of a previously unrecorded portion of Fortescue rocks within the Deep Well tenement.

This stratigraphy is known to the west and south where they host conglomerate targets.

The volcanics are margined by poorly outcropping, highly weathered volcanic and quartz pebble conglomerate of uncertain age.

The only evidence of past prospecting activities identified to date is a shallow working, dug into quartz and pebble conglomerate.

Geochemistry around this area, together with regional mapping and investigation of remote sensing targets will be carried out.

Work will seek to determine the geological setting of the conglomerates identified to date and the bedrock of the greater tenement area.

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