Burley Minerals hits the lithium hotspot at Quebec Chubb Project

Assays from the first three diamond holes drilled at the Chubb project in April have returned high-grade spodumene mineralisation, only four months after Burley acquired the project.

Early intersections such as 8.2m at 1.31% Li2O from 130.4m, including 4.2m at 1.92% Li2O and 7.7m at 1.30% Li2O from 80.1m, including 3m at 1.81% Li2), have confirmed visual observations of spodumene, a key lithium mineral, within the pegmatites of the Main Dyke – one of a number of targets under review by Burley Minerals (ASX:BUR).

The Main Dyke is interpreted as a tabular, continuous spodumene pegmatite with a strike length of at least 560m, extending from surface to below 200m.

Diamond drilling is due to resume later this month, to test for extensions to the Main Dyke, both along strike and at depth.

BUR chairman Bryan Dixon says

“The receipt of such highly encouraging results in such a short period of time is a major milestone for Burley Minerals following the recent acquisition of the Chubb Lithium Project in February this year. The Project is strategically located in the Tier 1 lithium province of Québec, Canada.

“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.”

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

More results to come

“The company is now eagerly awaiting the remaining assay results from the current program during June,” Dixon says.

“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 receival of approvals.

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

Chubb Central drilling program

Burley’s maiden diamond drilling programme commenced in April 2023 and culminated with the completion of 14 holes.

Drilling was concluded in May to await core analyses and update the mineral resource model and wireframes.

Lithium-bearing spodumene-pegmatites were intersected consistently at good widths in the holes drilled into the Main Dyke with widths between 4 to 13m down hole.

This article was developed in collaboration with Burley Minerals, 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.