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Burley Minerals Ltd. ( (AU:BUR) ) has provided an announcement.
Burley Minerals Limited has announced promising assay results from its maiden drilling program at the South Target of the Cane Bore Iron Project. The results indicate significant channel iron deposit mineralization at the surface and extending to a depth of nine meters. This discovery supports earlier rock-chip sampling results and suggests potential for further exploration at larger targets to the northeast. The company plans to conduct a heritage survey at the North and Step-Out Targets in July, with drilling expected to commence in August, which could enhance its position in the iron ore market.
More about Burley Minerals Ltd.
Burley Minerals Limited is a company operating in the mining industry, focusing on iron ore exploration and development. The company is engaged in the Cane Bore Iron Project located in the Pilbara Province of Western Australia, a region known for its world-class iron ore projects.
Average Trading Volume: 160,004
Technical Sentiment Signal: Sell
Find detailed analytics on BUR stock on TipRanks’ Stock Analysis page.