Burley’s Chubb lithium drilling is just the tip of the iceberg

Burley remains focused on progressing its lithium projects in the Tier 1 mining provinces of Quebec, Canada and Western Australia’s Gascoyne region.

Its most recent activity was maiden drilling at the Chubb project in Quebec extending mineralisation beyond prior exploration by confirming the presence and persistence of spodumene-bearing pegmatites within two mineralised zones at the Chubb Central prospect.

This is exciting for Burley Minerals (ASX:BUR) given the project’s immediate proximity to North American Lithium, Canada’s only operating lithium mine and concentrator which is owned by fellow Australians Sayona Mining and Piedmont Lithium.

Chubb consists of 35 contiguous mineral claims within the Abitibi Lithium Hub District and contains known lithium-bearing pegmatites that were previously defined over a strike length of 560m within a 240m wide corridor.

Historical drilling has returned intercepts of up to 12m grading 1.57% Li2O.

Initial assays from the diamond core program at Chubb Central are due within three to four weeks while a geochemical sampling and mapping program for the north-northwest quadrant will begin late this month.

Further drilling will be subject to further mapping and sampling of other areas of pegmatite outcropping at both Chubb Central and Chubb North.

Emerging Canadian lithium province

Burley is also in the process of acquiring the Bouvier project that is 14km northwest of Chubb.

The project hosts mapped pegmatites and has been the target of rock chip sampling, trenching and minimal drill holes.

Trenching has confirmed more than 120m of 1.5% Li2O while rock chips have assayed up to 2.67% Li2O while historical drilling by Lithium Americas Corp in the 1950’s intercepted up to 13.7m of logged spodumene pegmatite from 35.2m.

Both Chubb and Bouvier are located close to sealed roads and have access to rail networks and multiple port export options for both direct shipping ore and concentrates.

They also have access to low cost, environmentally responsible hydroelectric power as well as a local skilled labour force with extensive exploration, drilling and mining capabilities.

Exploring the Gascoyne

Over in Western Australia’s Gascoyne province, the company holds the Mt James and Dragon lithium projects that are located within the same corridor as the Yinnetharra lithium project that was recently owned by Delta Lithium (ASX:DLI) (formerly Red Dirt Metals).

Numerous known pegmatites are located throughout both project sites and a process of geophysical interpretation is being devised to rank and prioritise pegmatite targets.

Field reconnaissance, sampling and testing of the pegmatites for lithium-bearing spodumene is scheduled to begin in the current quarter.

Not just lithium

Burley also holds a number of iron ore projects in Western Australia’s Hamersley iron ore province and Western Yilgarn region.

Over in the Hamersley, the company holds the Cane Bore prospect, which has 28km of remnant outcropping Channel Iron Deposit mineralisation which on average is 400m wide, Broad Flat Well that has CID mineralisation confirmed by historical rock chip assays of up to 61.5% iron, and the Bedded Iron Formations within Brockman Iron Formations of up to 62% iron at Hardey West.

The Western Yilgarn hosts the Yerecoin magnetite iron project in which the company has a 70% interest.

Yerecoin is about 120km northeast of Perth and has JORC Inferred and Indicated resource of 246.7Mt that can produce a concentrate at more than 68% iron.

Various studies completed by previous operators, included various production scenarios as well as evaluation of infrastructure solutions.

A land access agreement has been signed with a major landowner and warden court hearings will be held to confirm access to the majority of the resource.

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.

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