Burley’s new model outlines big lithium exploration potential at Chubb

The Chubb lithium project, which Burley Minerals is in the process of acquiring, is living up to its promise with a new mineralisation model highlighting plenty of exploration potential.

Modelling by SnowdenOptiro of the project at the heart of the world-class lithium province in Quebec, Canada, outlined a substantial exploration target with at least five parallel stacked lithium-bearing spodumene dykes that are open along strike and at depth.

Previous drilling has already proved the presence of spodumene-bearing lithium pegmatites in shallow, multiple parallel dykes extending along a corridor with a strike of 560m and width of 240m.

Notable intersections from this drilling are 12m grading 1.57% Li2O from a down-hole depth of 108m (21-CH-15), 11.8m at 1.28% Li2O from 83.2m (22-CH-17) and 9m at 1.26% Li2O from 69m (21-CH-07).

Burley Minerals (ASX:BUR) noted that the higher grade lithium zones appear to be located within the Main (Central) dyke structure.

Managing director Wayne Richards said the company was delighted to see overwhelming approval from shareholders for the acquisition of the project, which is expected to be completed by 31 January 2023.

“The new mineralisation interpretation demonstrates a substantial exploration target with potentially a minimum of five parallel stacked lithium-bearing pegmatite dykes, which remain open in both directions along strike and at depth,” he added.

“Drilling and clearing permits have been lodged to test all five lodes over a strike potential of 1,200m to vertical depths of up to 250m.

“The new and extended Program of Works (PoW) Application is forecast to see drilling approvals granted in early February with drilling aimed to commence in late February.”

Hot lithium address

Chubb is located just 10km southwest of Sayona Mining (ASX:SYA) and Piedmont Lithium’s North American Lithium (NAL) operations, which have a resource totalling 119Mt at 1.1% Li2O.

NAL is currently recommissioning the first hard-rock spodumene concentrator plant in the Quebec Province with first production scheduled this quarter.

Along with its proximity to supporting infrastructure including excellent sealed road access (route 111) just 3km east of the tenement, operating rail networks within the district, multiple port export options and established towns, mines, and hydro-generated power network systems, it is not hard to see why Burley is keen to get to grips with the project.

This includes the upcoming Phase 1 drill program of up to 5,000m of diamond drilling as well as extended mapping and sampling of previously assessed pegmatite outcrops in the project’s northwest corner in April.

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.