Burley Minerals is deepening its strategic ambitions with the 100% acquisition of the Chubb Lithium Project in Canada’s exciting Quebec province and much closer to home at the Mt James and Dragon Lithium projects in Western Australia’s Gascoyne region.
Chubb has shown significant promise for Burley with confirmation of at least five “stacked” lithium-bearing spodumene dykes prioritised for drilling.
Meanwhile, the move of Mt James and Dragon Lithium Projects in Western Australia’s Gascoyne will provide the Company with a local play in an emerging and active lithium province.
We were delighted to have concluded the acquisition of these three strategic Lithium Projects, with the immediate focus being on the exploration and drilling program at the Chubb Lithium Project in Quebec,” Managing Director Wayne Richards said.
“With recent exploration success in Quebec by fellow ASX- listed lithium exploration and development Companies in the James Bay region and the finalisation of commissioning at the Northern American Lithium (NAL) Project located 10 km directly northwest of the Chubb Project tenements, we look forward to commencing a successful drilling campaign in this much sought after province for lithium bearing spodumene pegmatites.”
About the Chubb Lithium Project
The Chubb Lithium Project is strategically located in the heart of the world-class lithium province of Quebec, Canada, which hosts significant lithium projects, including Sayona Mining Ltd (ASX: SYA) and Piedmont Lithium Inc’s North American Lithium (NAL) mines, operations, and Mineral Resources (measured, Indicated and inferred) totalling 119Mt @1.1% Li2O (Refer Sayona Mining Ltd ASX release dated 23 May 2022).
About Burley Minerals
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 Quebec, Canada and Western Australia. An Agreement to acquire 100% ownership of the Chubb Lithium Project in Quebec, Canada, and the Mt James and Dragon Lithium Projects in the Gascoyne region of Western Australia, was completed on 08 February 2023.
