Completion Of Burro Creek East Drilling Programme

RNS Number : 5956S

Bradda Head Lithium Ltd

17 November 2021

 

17 November 2021

Bradda Head Lithium Ltd.

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

Completion Of Burro Creek East Drilling Programme

Bradda Head Lithium Ltd. (AIM: BHL), the North America-focused lithium development group, is pleased to announce that it has completed its core drilling programme at its Burro Creek East asset in Arizona.

Highlights:

· The first of Bradda's fast-track drilling programmes at its 47km² of sedimentary claims has been completed, all remaining core has now been logged, delivered to ALS in Tucson, and will shortly be assayed.

· Bradda has drilled 10 holes (7 new locations and 3 twinned) for a total of 1,145m metres. Originally 5 twinned holes were planned, but the Company decided to focus on resource expansion after receiving positive assays from the first three twinned holes. The 7 new holes have allowed us to test more of the unknown areas of the asset and, combined with our recent geophysical data, have enabled our geologists to increase the knowledge of the deposit significantly.

· Assay results received so far from the 3 twinned holes on this project (RNS 27/9/2021) have confirmed the 2018 programme's results and have indicated the presence of expected but previously unknown mineralised material in the Lower Clay zone as well as expanded Upper Clay zone material at the Burro Creek East asset.

· Recent geophysical work at the Burro Creek East asset has added to Bradda's geological model and will be included in the updated resource calculation (due Q1 2022) which is expected to be a significantly larger than the current 185kt LCE JORC inferred resource.

· Assay turnaround times have been slow in returning due to the very high volume of exploration in the US.

Bradda Head Lithium announces the completion of its exploration drilling programme at its Burro Creek East asset in western Arizona. The programme has taken longer than anticipated due to mechanical rig issues, change of contractor, adverse weather, and occasional tough drilling conditions. Bradda has engaged Boart Longyear for its upcoming drilling programme at Wikieup, where it will use sonic drilling technology, which is the first choice for drilling in sedimentary material, and uses very little water, thus is more environmentally sensitive.

Due to the tight US market for drilling services, it was not possible to use Boart Longyear's sonic drilling technology at Burro Creek East.

Following the completion of this drilling programme and the receipt of the assay results, which are expected to be delayed due to the very high volume of exploration in the US, a resource update is expected in early Q1 2022. Bradda has strong confidence that its existing JORC compliant resource will increase from the results of this programme. Currently Bradda has only drilled about 2% of its 47km² of claims.

Bradda has just been given permission to drill at its Wikieup project (RNS dated 8 November 2021) covering an area of 9.8km² of claims. After the completion of the Wikieup drilling, Bradda would have drilled on c.20% of its claims.

Charles FitzRoy, CEO of Bradda Head, commented:

"We are delighted to have now completed the drill programme at Burro Creek East. This is an important milestone in the development of Burro Creek East as well as for the Company as a whole. We expect the resource to grow significantly from this programme and the resource update is due in early Q1 2022."

"The completion of this programme demonstrates Bradda's geologists' ability to get things done despite operational challenges and is the first step to Bradda demonstrating to the market the inherent value in our assets. Work is underway at all of our assets, and 2022 will be a busy results year for Bradda Head Lithium."

"The congestion at the assay laboratory means that the resource update will be out in early Q1 2022. We remain optimistic given our preliminary results from the logged core and the geophysical programme which was carried out across the 47km² of sedimentary claims in Arizona."  

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

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. 

 

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]

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 of the London Stock Exchange with the ticker of BHL.

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