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Burley Minerals Identifies Chubb Lithium Spodumene Mineralisation

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THE DRILL SERGEANT: Burley Minerals (ASX: BUR) is progressing the latest drilling campaign at the company’s Chubb lithium project in Quebec Province of Canada.

Burley Minerals commenced its first drilling program at the Chubb project this month, since when it has completed 11 diamond core holes.

The company reported initial visual estimates have confirmed the presence and persistence of spodumene-bearing pegmatites within two mineralised zones within the Chubb Central prospect, building on drilling results from 2017-2022 drilling campaigns by earlier project holders.

Burley highlighted hole CLP010, which intersected 12.27 metres of spodumene-bearing pegmatite downhole, confirming mineralisation of a good thickness, and open at depth and along strike.

“Receiving such highly encouraging signs in such a short period of time is a fantastic achievement for our team and testament to their exploration skill,” Burley Minerals managing director Wayne Richards said in the company’s ASX announcement.

“The company is eagerly anticipating the first assay results which are due in 3 to 4 weeks.”

“Now that the snow has melted at the Chubb project the exploration team has commenced geological and geochemical mapping programs over the Chubb North area where numerous pegmatites have previously been identified.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Burley Minerals to Acquire Canadian and Gascoyne Lithium Projects

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THE BOURSE WHISPERER: Burley Minerals (ASX: BUR) is set to acquire a hattrick of international and domestic lithium projects.

Burley Minerals has entered into an exclusive agreement to acquire 100 per cent of the Chubb lithium project in Quebec, Canada and the lithium-prospective Mt James and Dragon projects in the central Gascoyne Region of Western Australia.

The Chubb lithium project is made up of 35 contiguous mineral claims in the Val-d’Or Quebec region in Canada where drilling has confirmed the presence of spodumene-bearing lithium pegmatites.

The Gascoyne projects are prospective for lithium, with outcropping pegmatites knowingly mapped plus previous copper and gold anomalism has been identified on the tenements.

“We are very pleased to announce the signing of this Agreement to acquire such high-potential lithium projects in jurisdictions complemented by other major Lithium explorers and developers,” Burley Minerals managing director Wayne Richards said in the company’s ASX announcement.

“The strategic and geographic location of all three potential projects are located in world class mining provinces and in Tier 1 jurisdictions of Australia and Canada.

“The strategic geographical positioning of the Chubb lithium project with regard established infrastructure, services, and transport corridors, greatly supports the development potential of the assets.

“The presence of neighbouring mines, concentrate plants and proposed refineries likewise offers many future operational permeations for Burley.

“The exploration that has been conducted to date at Chubb has defined near surface mineralisation along a corridor of 550 metres with multiple paralleling pegmatites.

“Our research has unveiled previous drilling completed in the early 1950s, that was conducted along strike of the known body of mineralisation which intersected up to 9.4 metres of spodumene pegmatites and was not assayed.

“Whilst the acquisition is progressing the company intends on modelling the existing drilling, permitting infill and extensional drilling and tendering for diamond drilling which will commence at Chubb upon completion.

“Concurrently all data available in relation to the Gascoyne projects is being evaluated and a suitable geochemical and mapping program is being devised to rank and prioritise targets warranting further investigation.

“The acquisitions present the opportunity for value accretive exploration and the potential development of forward-looking battery minerals projects at a time of record lithium prices.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Burley Minerals Applies for Hammersley Exploration Licences

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THE BOURSE WHISPERER: Burley Minerals (ASX: BUR) has applied for two exploration licences in the Hamersley Iron Ore Province of Western Australia.

The first of the two, the Broad Flat Well ELA covers outcropping Channel Iron Deposit (CID) mineralisation, while the second, the Hardey West ELA contains prospective stratigraphy for Bedded Iron Deposit (BID) mineralisation and is also prospective for base metal mineralisation.

Exploration Licence application 47/4580 (Broad Flat Well) is located 116 kilometres east of Pannawonica and 110km south-east of Karratha along the northern margin of the Hamersley Basin.

Exploration Licence application E47/4579 (Hardey West) covers approximately 470 hectares, located some 70km north-west of Paraburdoo and 70km westsouth-west of Tom Price.

Both applications are close to important infrastructure, such as main roads, townsites and port facilities and were lodged as part of Burley’s ongoing project generation strategy of developing a pipeline of projects by reviewing and acquiring projects that have the potential for early resource definition and development.

“The new exploration license applications in the world’s premier iron ore province demonstrates the company’s strategy of developing current resources and bringing in new value adding projects at various stages of exploration and development with the ultimate aim of compiling a portfolio of projects with demonstrable potential to add to the current resource base,” Burley Minerals managing director Gary Powell said in the company’s ASX announcement.

“These Hamersley exploration applications compliment our lead Yerecoin Iron and nickel-copper-PGE project where Burley is actively exploring and conducting a preliminary feasibility study.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@burleyminerals.com.au

 

Web: www.burleyminerals.com.au

 

Burley Minerals Thrown to the ASX Sharks in IPO Feeding Frenzy

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THE BOURSE WHISPERER: Burley Minerals (ASX: BUR) was welcomed onto the boards of the ASX on Wednesday by a feeding frenzy that saw the 20 cent IPO list on the positive side of 37 cents.

Burley Minerals listed on the back of the Yerecoin project, which the company believes has the nickel-copper-PGE potential to become another Julimar deposit that is located just 60 kilometres to the south.

The Yerecoin project already hosts a JORC 2012 compliant Indicated and Inferred Mineral Resources totalling approx. 247 million tonnes of high-grade coarse-grained magnetite at an average grade of 30 per cent iron.

Metallurgical studies have demonstrated magnetite concentrate at 68 per cent iron concentrate grade, considered by Burley to be a potentially premium coarse-grained magnetite product with low level impurities, suitable for direct sinter plant feed.

The company is led by CEO and managing director Gary Powell, who is supported by non-executive director Jeff Brill and executive chairman Bryan Dixon.

 

Email: info@burleyminerals.com

Web: www.burleyminerals.com