Burley Minerals (ASX: BUR) to apply rigour at Broad Flats

Burley Minerals will begin a resource-defining field mapping, extended ore sampling and drilling regime, to define the prospectively of the three mapped targets following the granting of licences to explore the highly prospective Channel Iron deposit in the Hammersley Iron province in Western Australia.

The company will be looking to apply gravitas to historic surface samples holding up 61.5 per cent iron ore at the Broad Flat Well prospect located just 115 kilometres from 115km by road from the Karratha and Dampier Port.

The tenement has three mapped CID targets that Burley will further investigate for mineralisation and grade continuity, resource potential and lithology before undertaking an assessment of the Project’s viability.

Broad Flat Well Exploration Licence

The company said the tenement presents an opportunity to qualify the resource and assess logistical solutions for an end-to-end’ sustainable Business solution.

“The tenement presents Burley with an opportunity to qualify the resource and assess logistical solutions for an “end to end”, sustainable susiness solution,” Managing Director Wayne Richards said.

“With previous sampling indicating high-quality CID (Fe) grades, and the tenement’s advantageous location, there is profound optimism around Broad Flat Wells prospectivity,”

Burley is awaiting the countersigning of a Heritage Agreement by The Native Title Claimant Group for two additional and independent tenements located within the Hamersley Iron Ore Province – Cane Bore (ELA 08/3424) and Hardey West (ELA 47/4579).

About Broad Flat Well 

Exploration Licence E47/4580 is located close to the Roebourne-Wittenoom Road and is 115km by road from Karratha townsite and the Dampier port facilities.

The EL covers an area of approximately 223km2, with the geology dominated by mafic to intermediate volcanics and sediments of the Maddina and Jerrinah Formations, which occur within the Fortescue Group. Significantly there are numerous remnants of mid-Miocene Channel Iron Deposits (CID) related to the Fortescue River palaeodrainage within the application area.

CID mineralisation occurs as scattered, dissected outcrops along the Fortescue River valley. The eroded outcrops are remnants of an extensive network of CID deposits found in tributary channels of the ancestral Fortescue River. The rock-chip sampling conducted by API returned iron results typical of those from a surface sampling of CID throughout the Pilbara, with results ranging up to 61.5% Fe.

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