Burley (ASX-BUR) show high grade lithium at Chubb - The Pick Online Magazine

Burley Minerals’ first three holes of its maiden drilling have confirmed high-grade lithium, all above 1.2% Li2O spodumene mineralisation, at its Chubb Lithium Project in Québec, Canada.

The early results from 14 holes completed during drilling in April confirm visual observations of spodumene, a critical lithium mineral, within the pegmatites of the Main Dyke.

Spodumene was observed in other unassayed drill holes and surface mapping, allowing company geologists to conclude that mineralisation should extend to the southeast of the current drilling and at greater depths.

Excitingly, the Main Dyke is one of several pegmatite targets yet to be reviewed.

Burley Minerals Chairman Bryan Dixon said such highly encouraging results in such a short period is a significant milestone for Burley Minerals following the recent acquisition of the Chubb Lithium Project in February this year.

“The new drilling intersections build on a high-grade spodumene zone identified in mapping and subsequently in drilling undertaken in 2021 and 2022, and the Company is eagerly anticipating the remaining assay results from the current programme during June,” Mr Dixon said.

“Burley is also finalising the acquisition of the Bouvier Lithium Project, located 14km to the northwest of the Chubb Project. 

“Our geologists are working towards the permitting of the inaugural drilling programme, which will commence immediately on receipt of approvals. 

“A shareholder meeting on 31 May, confirmed overwhelming support for acquiring the Bouvier Lithium Project”. 

High-grade Results

• 8.2m at 1.31% Li2O from 130.4m, including 4.2m at 1.93% Li2O CLP010
• 7.7m at 1.30% Li2O from 80.1m, including 3.0m at 1.81% Li2O CLP008
• 4.0m at 1.23% Li2O from 58.8m CLP007

New intersections support drilling results from 2021-2022 programmes which returned: 

• 12.0m at 1.57% Li2O from 108.0m 21-CH-15 
• 11.8m at 1.28% Li2O from 83.2m 21-CH-17 
• 9.0m at 1.26% Li2O from 69m 21-CH-07 
• 5.8m at 1.21% Li2O from 202.2m 22-CH-26 
• Diamond drilling will resume later this month to test for extensions to the Main Dyke, both along the strike and at depth.

About Burley Minerals Limited 

• Burley Minerals Ltd (ASX: BUR) is a well-funded, ASX-listed, Perth-based minerals explorer with Lithium and Iron Ore Projects located within the World-Class Tier-1 provinces of Québec, Canada, and Western Australia. Burley acquired 100% ownership of the Chubb Lithium Project in Québec, Canada, and the Mt James and Dragon Lithium Projects in the Gascoyne region of Western Australia in February 2023. 
• Burley’s corporate strategy is to further expand its Canadian Lithium interests via the intended acquisition of the Bouvier Lithium Project, located just 14 Km from the Chubb Lithium Project. 
• Burley also owns a 70% interest in the Yerecoin Magnetite iron ore Project, located approximately 120km northeast of Perth, Western Australia, and which has a JORC 2012 compliant Inferred and Indicated Mineral Resource of 246.7Mt capable of producing a concentrate at >68% Fe11. 
• Burley has the Cane Bore (exploration license application) in the world-class Hamersley Iron Ore Province. The Cane Bore Prospect has 28kms