Burley (ASX:BUR) confirm large lithium strike at Chubb
July 3, 2023Burley Minerals’ return of more high-grade intercepts up to 1.93 per cent lithium oxide has confirmed spodumene-bearing pegmatite with a strike length of at least 560 metres, extending from the surface of its Chubb Lithium Project to below 200 metres in a white-hot Québec lithium province.
Assays from four diamond holes extended the intersection of spodumene to a further 100 metres down plunge, supporting previous high-grade mineralisation previously intercepted from a large lithium-caesium-tantalum system which continues to grow in lustre.
Latest results:
- 10.1m at 1.03% Li2O from 170m
- 9m at 1.34% Li2O from 92m
- 7m at 1.51% Li2O from 48.36m
- 2m at 1.93% Li2O from 49m
Previous results:
- 8.2m at 1.31% Li2O from 130.4m including 4.2m at 1.93% Li2O
- 7.7m at 1.30% Li2O from 80.1m including 3.0m at 1.81% Li2O
- 4.0m at 1.23% Li2O from 58.8m
Burley Chairman Bryan Dixon said that bringing in more positive results was strong reassurance on its recent entry into a Québec province attracting a new wave of exploration.
“The Chubb Lithium Project is a big LCT pegmatite system, strategically located in the Tier 1 lithium province of Québec, and only 10kms from North America Lithium’s operating lithium mine. Quebec is one of the fastest growing lithium districts in the world with significant exploration incentives for critical minerals and is close to the established North American lithium battery and electric vehicle industry,” Mr Dixon said.
“To date the Company has completed 14 diamond core holes for 2,789 metres since April at Chubb Central. The 2023 drilling results in Chubb Central build on a high-grade spodumene zone identified in mapping and subsequently in drilling undertaken in 2021 and 2022. The drilling has now proven continuity of more than 560m in the main dyke structure, and to a depth of 200m down dip,” he added.
Next steps:
Drilling continues to work on extending its recent intersections and the next holes will focus on chasing the Main Dyke down plunge where Burley is seeing spodumene mineralisation continue to thicken, and the company expects the drill core will provide the means to potentially establish a resource model while it continues to generate fresh targets.
Québec’s lithium reserves are estimated to be among the largest in the world, and Burley is upping its territory and finalising acquisition of the nearby Bouvier tenements, with new leadership on board as it advances to its next stage of development.
Regional location map
$0.083
BURLEY MIN FPO [BUR]Please note the following valuable information before using this website.
Independent Research
Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.
