Positive Results of Geophysical Programme

RNS Number : 6512Q

Bradda Head Lithium Ltd

29 October 2021

 

29 October 2021

Bradda Head Lithium Ltd.

("Bradda Head", "Bradda", or the "Company")

Positive Results of Geophysical Programme at Sedimentary Claims

Bradda Head Lithium Ltd. (AIM: BHL), the North America-focused lithium development group, announces that it has received positive initial results of the GPRplus^TM geophysical programme at the Company's Burro Creek and Wikieup projects in Arizona.

Highlights:

· Positive initial results have reinforced the original theory that the clay at Burro Creek East (where Bradda has a JORC resource of 185kt of Lithium Carbonate Equivalent (LCE)) thickens towards the west and north-west towards Bradda's other claims.

· At Wikieup, where drilling is planned to commence in Q4 at sections 12, 13 and Wikieup NW all show clay thicknesses of up to 90 metres, comparable to what is seen at Arizona Lithium's (formerly Hawkstone) Big Sandy deposit (1,850ppm Lithium grade), which is adjacent to Bradda Head's Wikieup claims.

· Please find a map of Bradda Head's claims here: https://www.braddaheadltd.com/media/image-library/.

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 Company's Burro Creek and Wikieup assets in Arizona. Terravision is using its ground-penetrating radar (GPR) technology, GPRplus^TM, to identify the density of different geological structures and layers at depths of up to 200 metres. So far Terravision has completed c.90% at Burro Creek and c.75% at Wikieup, of geophysical work planned over the Company's Burro Creek (East and West), and Wikieup lithium projects. 

The initial results from the sedimentary deposit at Burro Creek East support Bradda Head's geological model which indicates the thickening of the higher-grade Upper Clay Zone to the west and north-west of the asset (PR 03/10/2021).

At the Company's Wikieup project, sections 12, 13 and Wikieup North-West all show clay thicknesses of up to 90 metres, comparable to what is seen at Arizona Lithium's (formerly Hawkstone) Big Sandy deposit (1,850ppm Lithium grade), which is adjacent to Bradda Head's Wikieup claims.

Bradda Head Lithium will use the results from the geophysical programme to plan future drill programmes, and to help guide its imminent programme at Wikieup. Ensuring funds are conserved for drilling and not wasted on unnecessary drilling where no clay is present.

Charles FitzRoy, CEO of Bradda Head, commented:

"These initial results are very promising not only because they strengthen our previous thinking as to the thickening of Burro Creek East Upper Clay zone to the west and north-west, but also because they highlight the very exciting prospect of drilling starting this quarter at Wikieup where clay depths comparable to Arizona Lithium's Big Sandy deposit have been identified. Further to this, the wider potential of all our claims at Burro Creek has improved with the results.

"Only a very small portion (c.2% of 47km²) of our sedimentary claims have been drilled, these results will enable us to plan drill programmes more accurately and avoid unnecessary drilling costs, and importantly point to the potential for a large-scale resource across our sedimentary claims.

"Added to the recent commencement of preliminary metallurgical testwork with SGS Canada, these results constitute a promising step towards Bradda demonstrating the resource size potential at our 47km² of sedimentary claims in Arizona and making material progress towards our end goal of becoming a low operating cost, low-carbon, battery-grade lithium provider to the lithium-hungry US market."   

For further information please visit the Company's website: www.braddaheadltd.com

Contact:

Bradda Head Lithium Limited	[phone]
Charlie FitzRoy, CEO Denham Eke, Finance Director
Beaumont Cornish (Nomad) James Biddle/Roland Cornish	[phone]
Peterhouse (Joint Broker)	[phone]
Charles Goodfellow Duncan Vasey Lucy Williams
Shard Capital (Joint Broker)	[phone]
Damon Heath Isabella Pierre
Red Cloud (North American Broker)	[phone]
Joe Fars
Tavistock (PR)	+ 44 20 7920 3150
Nick Elwes Oliver Lamb Adam Baynes	[e-mail]

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.

 

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