A dozer preparing access tracks and drill pads at the Chubb project in Canada. Source: Burley Minerals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Burley Minerals (BUR) kicks off drilling at its Chubb lithium project in Quebec, Canada
  • The maiden program will include around 5000 metres of diamond core drilling to confirm and test lithium-bearing mineralisation in the central part of the project
  • The company recently completed the acquisition of the Chubb project and Managing Director Wayne Richards says the company is excited to begin drilling
  • Burley has secured metallurgical test work, core-cutting and analyses contracts which are awaiting receipt of the core samples
  • BUR shares are down 4.1 per cent and trading at 23 cents at 12:36 pm AEST

Burley Minerals (BUR) has kicked off drilling at its Chubb lithium project in Quebec, Canada.

Around 5000 metres of diamond core drilling has been planned in the company’s maiden program to confirm and test lithium-bearing mineralisation in the central part of the project.

Burley said the project hosts an established 560-metre strike length of mineralisation which is open in all directions and at depth.

It is hoped the samples from this round of work will confirm historical geological data and further enhance the company’s databases and resource model for the central region of the deposit.

The company recently concluded the acquisition of the Chubb project and Managing Director Wayne Richards said Burley is excited to begin drilling.

“The drilling program is designed to confirm, expand and extend spodumene lithium mineralisation, confirmed over the last two years of initial diamond core drilling.

“With recent exploration success in Quebec by fellow ASX- listed lithium exploration and development companies… and the finalisation of commissioning at the Northern American Lithium project located 10 kilometres directly north-west of the Chubb project tenements, we look forward to progressing this drilling campaign,” he said.

Burley has secured metallurgical test work, core-cutting and analyses contracts which are awaiting receipt of the core samples.

BUR shares were down 4.1 per cent and trading at 23 cents at 12:36 pm AEST.

BUR by the numbers
More From The Market Online
The Market Online Video

So much to say: The 10 stocks that got investor chins wagging on HotCopper in 2024

With more than seven million users moving through HotCopper forums every year, there’s always bound to be some fireside chats – and some
The Market Online Video

From Zip to Invictus: The 10 most watched stocks on HotCopper forums in 2024

Of the 2,200 entities listed on the ASX in 2024, ten stood out by quite a distance on the HotCopper forums as the
The Market Online Video

Strike Energy was HotCopper’s Most Watched stock in 2024 – and it’s still a ‘fantastic opportunity’

Strike Energy (ASX:STX) w…
Market Close Graphic

ASX Market Close: Shares up through muted trade as Oz investors take a Chrissy break | Dec 27, 2024

The ASX 200 closed the Christmas week up 29 points (+0.35%), ending the festivities at 8,251 points, though trade was down somewhat throug…