Burley Minerals nabs three lithium exploration licences in Manitoba
Special Report: Burley Minerals has acquired land packages in Manitoba’s very prospective, lithium-bearing greenstone belts, adding some 425km2 to the ground it has already acquired in the emerging Canadian mineral district.
Burley Minerals (ASX:BUR) has upped its exploration game in Manitoba following the grant of three mineral exploration licences for Paull Lake North, Partridge East and Partridge West projects.
The granted land area is now 680km2, or 61% of the total acquired land package of 1,100km2. Another two licence applications for Oxford (90km2) and Paul Lake South (340km2) are still progressing.
According to BUR, the tenure provides exposure to Manitoba’s Superior Province terrain, an emerging and extremely underexplored lithium region containing some recently discovered lithium deposits.
Drill core from historical exploration on these projects are stored at various core “libraries” around the province, and BUR’s exploration geologists in Canada plan to re-log and analyse the drill core with XRF this winter before on-ground reconnaissance exploration work this spring and summer.
“Burley is excited to have three additional exploration licenses in the emerging lithium province of Manitoba which – including Cormorant and the White Rabbit projects – provides a unique value proposition to Burley’s existing lithium portfolio,” BUR managing director and CEO Stewart McCallion says.
“The Burley exploration team has started developing its geological database, with a pegmatite focus, and the geologists will be reviewing the core prior to developing exploration programs on the new properties once the snow melts in the Spring.”
This follows BUR entering into a heads of agreement with the vendors of Auroa Lithium, the legal and beneficial owner of the mineral exploration licences over the Cormorant pegmatite field and White Rabbit lithium prospect, on 28 December.
This article was developed in collaboration with Burley Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.