Manhattan Corp has commenced its maiden exploration field work program at its new Chebogue lithium project in Canada. 

The company picked up the project in late March, which is along strike to Champlain Mineral Ventures’ Brazil Lake Lithium Project (MRE – Indicated: 555,300T at 1.30% Li20, Inferred 381,000T at 1.48% Li20) and totals 1,200 km2 within 109 mineral licenses covering over 100km of prospective lithium pegmatite strike length.

It’s also surrounded by excellent infrastructure and located just 25km from deep sea shipping facilities at Yarmouth port – which connects the project to the Atlantic Ocean and global markets.

The company has identified six target areas, with Reconnaissance exploration now underway at the ‘BP’ Target immediately north of the Brazil Lake Lithium Project pegmatites.

Manhattan Corp (ASX: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.

Three priority targets to explore

The initial focus is on three of the six target areas, with the TY target along strike to the south of the Brazil Lake pegmatites the next in line for field work.

Then there’s the GEMS target which is located in the Paradise area where coarse grained pegmatites are reported to host gem-quality euhedral citrine and smoky quartz crystals of a coarse nature of up to 30 cm (diameter) by 75 cm (length).

Historical reports indicate glassy pegmatite crystals of more than one metre in length can occur.

The company is confident of success at the project, with ongoing drilling at Brazil Lake at two known lithium-bearing pegmatites continuing to intersect additional pegmatites in core up to ~25 metres in true thickness.

Plus, an early 2023 drill interval of new spodumene-bearing core was displayed during the March 2023 PDAC Conference in Toronto by Silver Peaks, who entered into an option agreement with Champlain in mid-2022 and is carrying out all the diamond drilling, among other exploration activities.

“Open discussions with Silver Peaks indicate the two known (North and South) pegmatites converge at depth thus providing greater potential to increase tonnage of the mineralization,” the company said.

 

 

 

This article was developed in collaboration with Manhattan Corp Limited, 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.

Read MoreLithiumLithium NewsLithium Stocks

Featured Companies

You might be interested in