Manhattan Corp has completed the acquisition of the Chebogue lithium project from Afro Mining subsidiary Continental Lithium in the emerging hard-rock lithium jurisdiction of Nova Scotia, Canada.

Manhattan is now the largest tenement holder in Nova Scotia for exploration of lithium and critical metals with the Chebogue project covering approximately 1,200 km2 within 109 mineral licenses covering over 100km of prospective lithium pegmatite strike length.

The acquisition will diversify MHC’s commodity exposure to include a  lithium project in a Tier-1 jurisdiction and will complement MHC’s existing Tibooburra High Grade Gold Project and Ponton Uranium Project – with all three projects strategically located in emerging and under-explored districts

Manhattan Corp (ASX:MHC) says the project represents “a significant opportunity” to advance a lithium project that has the potential to host spodumene-bearing pegmatites.

Initial government exploration permits and access approvals over the project areas are expected to be in place by the second week of April 2023, with field work to follow. 

Six target areas in focus

MHC has identified six target areas, with the initial exploration focused on three of these priority areas, including:

  • BP Target area immediately north of the Brazil Lake LCT type pegmatite discovery;
  • TY Target, along strike to the south of the Brazil Lake pegmatites and; and
  • GEMS Target area in the Paradise area where coarse grained pegmatites are reported.

The Brazil Lake lithium project has a Mineral Resource Estimate of 555,300 tonnes at 1.30% Li20 (Indicated) and 381,000 tonnes at 1.48% Li20 (Inferred) with drilling intersecting additional pegmatites in core.

At Paradise, the bedrock source of two pegmatites is known and the source of numerous gem-quality crystals is believed to be known to within ~250 metres.

Manhattan Corp asx mhc
Location map of the Chebogue lithium project. Pic: Supplied (MHC)

Field work kicks off in April

Data compilation and remote-sensing data interpretation have prepared detailed layer maps for planned field work to commence in April,2023, with the aim of delineating prospective lithium-bearing pegmatite zones.

A small pilot high-resolution drone geophysical survey is planned over a pilot area to determine if this technique can identify clear pegmatite targets hosted in the volcanic stratigraphy.

In May, the company plans to conduct a Mobile Metal Ion geochemistry (MMI) study over several pegmatite targets to identify a mineralized source directly above a bedrock source, as well as along down-ice dispersion trends.

Conventional soil and till geochemistry will also be undertaken, along with prospecting for lithium-bearing boulders.

MHC has also established a research initiative with Queens University in Kingston, Ontario to develop a new approach for lithium exploration to take place over the September quarter.

 

 

 

This article was developed in collaboration with Manhattan Corp Limited (ASX:MHC), 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.

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