REG - Bradda Head Lithium - Further Claim Staking at San Domingo

Bradda Head LithiumAnnouncement

15/08/2023 07:00

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RNS Number : 2910J  Bradda Head Lithium Ltd  15 August 2023

 

 

 

 

15 August 2023

 

Bradda Head Lithium Ltd

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

 

Additional Claim Staking and Further Spodumene Identified in Outcrops at San
Domingo

 

Bradda Head Limited (AIM:BHL, TSXV:BHLI, OTCQB:BHLIF), the North
America-focused lithium development group, announces that it has staked just
under 8km(2) of new lode claims at its San Domingo pegmatite district
following the positive results of soil sampling completed in February 2023 and
that it has identified further Spodumene in outcrops at San Domingo.

 

Highlights:

·    As part of Bradda's ongoing geological work, an extensive soil
sampling survey at San Domingo was completed earlier this year (see PR dated
09 May 2023) indicating a 9km mineralised trend of lithium-bearing minerals
associated with LCT (Lithium-Caesium-Tantalum) style mineralisation. The
Company continues to ground truth the identified anomalies and has now logged
387 new locations of spodumene previously unknown, see Figure 1.

·    As a result of these positive results, the Company has now staked 101
new claims covering 7.77km(2), see Figure 1 for new claim boundaries. This
strategic decision follows highly encouraging results from the soil
geochemistry survey conducted in February of this year.

·    This is the 4(th) round of claim expansion at San Domingo, and the
land holding has grown from c.13km(2) to now c.31km(2) since July 2021.

·    The soil sampling survey conducted in February, highlighted specific
areas within the existing claim block that displayed highly prospective
indicators for lithium exploration. Follow-up field work on select geochemical
anomalies positively identified lithium bearing minerals at nearly all
anomalies, dominated by the presence of spodumene.

·    By expanding the current claim block to trace these areas along
strike, the Company aims to maximise the potential for significant lithium
resources and solidify its position in the region's rapidly evolving lithium
market.

·    Additionally, the newly staked claims provide a buffer zone, ensuring
effective management and protection of the company's interests in the area.

·    With the enlargement of the claim block and ongoing groundwork by the
Company's geologists, Bradda is confident in its mission to become a leading
player in the Arizona lithium sector, contributing significantly to the
growing demand for clean energy solutions.

·    Bradda Head as of last week (see PR dated 10 August 2023), has
mobilised a drill rig to commence its second drill programme in 12 months at
San Domingo.; The programme is aimed at delineating a resource and exploring
several new high priority targets and the Company anticipates making new
discoveries and extending known lithium mineralisation from the previous
programme. See Figure 2.

·    The Company looks forward to keeping shareholders updated on the
progress of this drill programme at San Domingo.

 

Charles FitzRoy, CEO, commented:

"Following the promising initial drill results and soil sampling at San
Domingo we are delighted to have staked these further 8km2 of claims, which
strengthen Bradda's strategic position in Arizona and demonstrate our belief
in San Domingo that it has the potential to host a significant lithium
resource.

 

"San Domingo is an exceptionally exciting project for us. Our initial drilling
programme demonstrated the presence of lithium across the 9km mineralised
trend with intercepts of 31.85m @ 1.60% Li(2)0. The second programme in under
12 months has just kicked off with drilling commencing this month, and we look
forward to updating the market with results as they arrive.

 

"San Domingo's rich history of lithium mining, combined with the positive
results from the first drill programme, and soil geochemistry has only
increased our enthusiasm and confidence in the project's potential. We have
only just scratched the surface of what we have at San Domingo with just over
1% of the area drilled from this first programme. These additional claims
strengthen our strategic position in the quickly developing US EV supply
chain"

 

 

Figure 1: Map showing new claims at San Domingo, soil anomalies and observed
spodumene occurrences at surface

 

 

Figure 2: San Domingo overview showing priority target areas for Phase 3 drill
programme

 

 

Background

Bradda Head Lithium, is pleased to announce the addition of 7.77km2 of claims
to its current claim block in Arizona, USA. This strategic decision follows
highly encouraging results from a soil geochemistry survey conducted in
February of this year. The Company's geologists are currently engaged in
follow-up groundwork on the recently staked areas, further advancing
exploration efforts within its 30km2 pegmatite district.

 

Bradda Head Lithium has staked 101 new claims at San Domingo, totalling
7.77km(2), adjacent to the Company's current claims.

 

The Company has recently mobilised a drill rig (see PR dated 10 August 2023)
to commence a follow-up Phase 3 core drilling programme, with a view to
proving up the district scale potential at San Domingo.

 

The wider soil survey programme was completed in late February and, along with
an ongoing structural mapping programme, has been used to more accurately and
efficiently define the Phase 3 drill programme targets. Additional soil
sampling is underway within the current claims and new grids are being
designed on the new claims.

 

Bradda Head Lithium remains committed to sustainable and responsible
exploration practices as it unlocks the vast lithium resources in Arizona, of
which, Bradda believes it holds the best properties with excellent potential
to develop Tier 1 assets. The Company is excited about the progress being made
and looks forward to updating the market on any developments within its
30.77km2 pegmatite district.

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS
SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

 

 

For further information, please contact:

 

 Bradda Head Lithium Limited        +44 (0) 1624 639 396
 Charlie FitzRoy, CEO

 Denham Eke, Finance Director

 Beaumont Cornish (Nomad)           +44 20 7628 3396

 James Biddle/Roland Cornish

 Panmure Gordon (Joint Broker)      +44 20 7886 2500
 John Prior

 Hugh Rich

 Shard Capital (Joint Broker)       +44 207 186 9927
 Damon Heath

 Isabella Pierre

 Red Cloud (North American Broker)  +1 416 803 3562
 Joe Fars

 Tavistock (PR)                     + 44 20 7920 3150
 Nick Elwes                         braddahead@tavistock.co.uk

 Adam Baynes

 

 

About Bradda Head Lithium Ltd.

Bradda Head Lithium Ltd. is a North America-focused lithium development group.
The Company currently has interests in a variety of projects, the most
advanced of which are in Central and Western Arizona: The Basin Project (Basin
East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an Indicated Mineral Resource of 21.2 Mt at an
average grade of 891 ppm Li and 3.5% K for a total of 100 kt LCE and an
Inferred Mineral Resource of 73.3 Mt at an average grade of 694 ppm Li and
3.2% K for a total of 271 kt LCE. In the rest of the Basin Project SRK has
estimated an Exploration Target of between 300 to 1,300 Mt of material
grading between 600 to 850 ppm Li which is equivalent to a range of between
1 to 6 Mt LCE. 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 of 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, on the TSX Ventures exchange with a ticker of BHLI, and on the US
OTCQB market with a ticker of BHLIF.

 

 

Qualified Person (BHL)

Joey Wilkins, B.Sc., P.Geo., is Head of North America at BHL and the Qualified
Person who reviewed and approved the technical disclosures in this news
release. Mr. Wilkins is a graduate of the University of Arizona with a B.Sc.
in Geology with more than 37 years of experience in mineral exploration and is
a Qualified Person under the AIM Rules and a Qualified Person as defined under
Canadian National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101"). Mr. Wilkins consents to the inclusion of the technical
information in this release and context in which it appears.

 

 

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This News Release
includes certain "forward-looking statements" which are not comprised of
historical facts.  Forward-looking statements include estimates and
statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be identified by
such terms as "believes", "anticipates", "intends to", "expects", "estimates",
"may", "could", "would", "will", or "plan". Since forward-looking statements
are based on assumptions and address future events and conditions, by their
very nature they involve inherent risks and uncertainties. Although these
statements are based on information currently available to the Company, the
Company provides no assurance that actual results will meet management's
expectations.  Risks, uncertainties and other factors involved with
forward-looking information could cause actual events, results, performance,
prospects and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forward looking information in
this news release includes, but is not limited to, following:  The Company's
objectives, goals or future plans. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not
limited to: failure to identify mineral resources; failure to convert
estimated mineral resources to reserves; delays in obtaining or failures to
obtain required regulatory, governmental, environmental or other project
approvals; political risks; future operating and capital costs, timelines,
permit timelines, the market and future price of and demand for lithium, and
the ongoing ability to work cooperatively with stakeholders, including the
local levels of government; uncertainties relating to the availability and
costs of financing needed in the future; changes in equity markets, inflation,
changes in exchange rates, fluctuations in commodity prices; delays in the
development of projects, capital and operating costs varying significantly
from estimates; an inability to predict and counteract the effects of COVID-19
on the business of the Company, including but not limited to the effects of
COVID-19 on the price of commodities, capital market conditions, restriction
on labour and international travel and supply chains; and the other risks
involved in the mineral exploration and development industry, and those risks
set out in the Company's public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue
reliance should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, other than
as required by law.

 

 

Technical Glossary

 Li(2)O     Lithium Oxide
 pegmatite  A pegmatite is an igneous rock showing a very coarse texture, with large
            interlocking crystals usually greater in size than 1 cm (0.4 in) and sometimes
            greater than 1 meter (3 ft). Most pegmatites are composed of quartz, feldspar,
            and mica, having a similar silicic composition to granite. However, rarer
            intermediate composition and mafic pegmatites are known.
 Spodumene  Spodumene is a pyroxene mineral consisting of lithium aluminium inosilicate,

          LiAl(SiO3)2, and is a source of lithium. Spodumene contains 3.73% lithium.

 

The formula to convert lithium in parts per million (PPM) to lithium oxide is
to multiply Li ppm times 2.1527, then is reported in percent.

 

 

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