The results speak volumes for the potential of a major economic lithium discovery at the Chebogue property in Nova Scotia, Canada.

The analytical results from samples collected of the spodumene-bearing pegmatite boulders, reported on June 5, have returned high-grade Li20 with standout grades including 2.24% and 2.22% from the ‘Rainy Day’ pegmatite train.

In total 18 pegmatite samples identified as containing spodumene were sent for analysis with 13 of these samples returning >1% Li2O.

Manhattan Corporation (ASX:MHC) says these boulders are comparable in compositions and morphology to those found at the Brazil Lake Lithium project owned by Champlain Mineral Ventures, around 7.5km south of MHC’s BP target area where drilling is returning thick intersections with assays up to 2.27% Li2O.

A potential lithium-bearing, bedrock pegmatite source has also been identified from public domain LIDAR (Light Detection and Ranging Data) that runs parallel to the boulder train, with a LIDAR lineament lying around 300m north of the boulder train.

Potential new major lithium province in the works

MHC country manager Paul Smith says ongoing exploration is now targeting the bedrock source for these boulders, in addition to locating further spodumene-bearing pegmatites.

“We are very excited given the company’s large landholding of over 100km strike immediate north and south of Brazil Lake highlights the potential of this district scale landholding that has never previously been explored for lithium for more spodumene-bearing pegmatite discoveries,” he says.

“When you consider the proximity of nearby ports (25km) and more favourable climatic temperatures than northern Canada, MHC could potentially be advancing a major new lithium province in Canada.”

What’s next?

Exploration is continuing in the immediate area of the new boulder discovery with an emphasis on exposing the bedrock spodumene-bearing pegmatite source.

The Chebogue Lithium Project is a large, 100% owned land position comprising an area of ~1,200km2 covering more than 100km of prospective lithium-bearing pegmatite strike length.

It is surrounded by excellent infrastructure and just 25km from deep sea shipping facilities at Yarmouth port connecting the project to the Atlantic Ocean and global markets in North America and Europe.

 

 

 

This article was developed in collaboration with Manhattan Corporation, 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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