Burley Minerals wraps up acquisition of three new lithium projects
Burley Minerals has completed the acquisition of the Chubb lithium project in Quebec, Canada, and the Mt James and Dragon Lithium Projects in the Gascoyne mining district of Western Australia.
“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,” Burley Minerals (ASX:BUR) MD 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.”
Notably, the Chubb project is smack bang in the middle of a province which hosts major lithium projects including Sayona Mining (ASX:SYA) and Piedmont Lithium’s (ASX:PLL) North American Lithium (NAL) mines, operations, and Mineral Resources totalling 119Mt at1.1% Li2O.
The company expects to kick off its Phase 1 program for up to 5,000 metres of NG diamond core in February.
The program is designed to verify, extend and confirm the extent, depth and orientation of the spodumene-bearing lithium pegmatites logged and drilled in the central area of the 35 Mineral Claims to be acquired in the Chubb Lithium acquisition deal.
This article was developed in collaboration with Burley Minerals Limited (ASX:BUR), 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.