Last checked at 2 Nov 2021 07:00
02 November 2021
Bradda Head Lithium Ltd.
("Bradda Head", "Bradda", or the "Company")
Initial Positive Geophysics Results and Claim-Staking at San Domingo
Bradda Head Lithium Ltd. (AIM: BHL), the North America-focused lithium development group, announces that it has received initial promising results of the GPRplusTM geophysical programme at the Company's San Domingo asset in Arizona, and that it has also added to its Central San Domingo claims.
Highlights:
· Promising initial results from the geophysical programme at San Domingo demonstrate the potential extension at depth of pegmatites in the central and the southwestern sections of the resource.
· The northern block of the resource has not yet been surveyed.
· Bradda Head has acquired more claims in its Central San Domingo region, increasing its footprint in the area from c.8km2 to c.13km2.
· Bradda Head is now planning an extensive geological mapping project to build upon our current model, and a diamond drill programme for 2022, to investigate the initial positive results.
Further to the announcement of 19 August 2021, Bradda Head Lithium has received initial results from the ongoing geophysical programme being carried out by geospatial imaging contractor Terravision Exploration Ltd. ("Terravision"), at the central and southwestern sections of the Company's San Domingo pegmatite asset in Central Arizona. The results demonstrate that there is potential for the extension of pegmatite mineralisation at depth, which also aligns with previous geological modelling from the Company's geological team. The northern block of the San Domingo asset has not yet been surveyed.
Previous surface sampling at named outcropping pegmatites in the San Domingo claim block returned grades of: Joker: 0.16% Li2O, White Ridge: 1.16% Li2O, Lower Jumbo: 0.75% Li2O, Sunrise: 0.31% Li2O, and North Morning Star: 0.25% Li2O. See map on website for locations of these pegmatites (https://www.braddaheadltd.com/media/image-library/). These pegmatites display a weathered appearance, and so the lithium grade at surface is likely lower than deeper where pegmatites have been less affected by the weathering processes.
Bradda Head is now planning an extensive mapping project, and a diamond drill programme, for 2022 to investigate further the initial results and the potential for a large, mineralised pegmatite system, as indicated by previous geological modelling from the Company's geological team.
Additionally, Bradda Head has also added to its current claims at the central region of its San Domingo asset due to the strength of the initial results of the geophysics programme, Increasing its claim holding in the region from c.8km2 to c.13km2.
Charles FitzRoy, CEO of Bradda Head, commented:
"We are delighted to have received such promising results from our San Domingo claim block, and are now planning a mapping and drilling programme for 2022 to investigate how deep these pegmatites go.
"This is very exciting for Bradda, as if we identify a viable pegmatite deposit here then we would be able to get an operation into production in a relatively short timeframe, as pegmatite mining is very well understood and accounts for well over 50% of world lithium supply currently.
"San Domingo is a key asset in Bradda's portfolio, and these results add to our geological model and thesis on the area. Bradda is now planning a drill programme for 2022 to hopefully add a pegmatite lithium resource. We already have a JORC compliant lithium resource at our 47km2 of sedimentary claims which we expect to expand on the back of our current and planned drill programmes."
For further information please visit the Company's website: www.braddaheadltd.com
Contact:
Bradda Head Lithium Limited | +44 (0) 1624 639 396 |
Charlie FitzRoy, CEO Denham Eke, Finance Director |
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Beaumont Cornish (Nomad) James Biddle/Roland Cornish | +44 20 7220 1666 |
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Peterhouse (Joint Broker) | +44 207 469 0930 |
Charles Goodfellow Duncan Vasey Lucy Williams |
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Shard Capital (Joint Broker) | +44 207 186 9927 |
Damon Heath Isabella Pierre |
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Red Cloud (North American Broker) | +1 416 803 3562 |
Joe Fars |
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Tavistock (PR) | + 44 20 7920 3150 |
Nick Elwes Oliver Lamb Adam Baynes | braddahead@tavistock.co.uk |
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Qualified Person
The information in this announcement has been reviewed by Jim Guilinger, COO Bradda Head Lithium. Mr. Guilinger is a graduate of the University of Colorado - Boulder with a BA in Geology with more than 40 years' experience in mineral exploration and mining geology and is a qualified person under the AIM Rules. Mr. Guilinger consents to the inclusion of the technical information in this release and context in which they appear.
Notes to Editors
Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of lithium projects, the most advanced of which are in Central and Western Arizona: the Burro Creek project (Burro Creek East Project, and the Burro Creek West Project) and the Wikieup Project.
The Burro Creek East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE). The Burro Creek East Project also has additional exploration potential for extensions to the current model of between 50,000 to 300,000 tonnes of lithium carbonate equivalent.
The Group intends to continue to develop its three phase one projects in Arizona, whilst endeavouring to unlock value at its other prospective pegmatite and brine assets in Arizona, Nevada, and Pennsylvania.
All Bradda Head's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.
Bradda Head is quoted on the AIM market of the London Stock Exchange with the ticker of BHL.