REG - Bradda Head Lithium - San Domingo Soil Sampling Results

Bradda Head LithiumAnnouncement

21/11/2022 07:00

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RNS Number : 9842G  Bradda Head Lithium Ltd  21 November 2022

 

21 November 2022

Bradda Head Lithium Ltd

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

 

San Domingo Soil Sampling Results Highlights a Potential >3km Zone of
Lithium Pegmatites in Bradda Head's Northern Licence Area and Identifies
Additional Drill Targets

 

Bradda Head Lithium Ltd. (AIM:BHL, TSXV:BHLI, OTCQB:BHLIF) ("Bradda Head" or
the "Company"), the North America-focused lithium development company, as part
of its ongoing programme to unlock value from its lithium bearing pegmatite
opportunity in Arizona, USA, announces results from an initial 3km(2) soil
sampling programme, identifying a potential >3km lithium-bearing trend and
highly-prospective follow-up drill targets at its 23km(2) San Domingo
pegmatite district in Arizona.

 

 

Summary

·    The results from a soil sampling programme covering c.11% of Bradda's
San Domingo pegmatite claims in Arizona have identified highly-prospective
follow-up lithium targets over a 3km+ strike (see Figure 1 and 2 below) with
the same elemental signatures that have been seen at known lithium
mineralisation locations globally. The soil geochemistry suggests that the
pegmatite swarm is largely of the LCT (lithium-caesium-tantalum)
mineralisation type, the most significant for lithium deposits and what is
commonly associated with economic occurrences of lithium and tantalum.
LCT-type pegmatites are found in the Western Australian pegmatite district,
like Tianqi and Albemarle's joint-venture Greenbushes lithium mine.

·    Bradda Head carried out a soil sampling programme covering just under
3km(2) of the northern claim block at San Domingo in order to support future
drill hole targeting and better understanding of our 23km(2) of pegmatite
ground in Arizona. As announced on 8 August 2022, the Company is now planning
the next phase of this soil sampling programme to cover the remaining 20km(2)
of Bradda's San Domingo pegmatite project in Arizona.

·    Key potential lithium pegmatite identifier elements were analysed
for, including; lithium, niobium, caesium, and rubidium. The Midnight Owl
Mine, which has been historically mined at surface and has known lithium
mineralisation, is where the Company is currently drilling and returning
strong anomalies associated with these elements. See Figure 2 and 3 below.

·    Importantly, ratios present in the soils of elements associated with
pegmatites and lithium mineralisation highlight targets for potential
follow-up. The maps below show the areas of interest and, crucially,
demonstrate a 9km NE-SW trend, which may continue through the remainder of
Bradda's 20km(2) of claims and state MEPs in Arizona, which have not had
detailed soil sampling. See Figure 1 below. This should have a very positive
impact on the scale potential at San Domingo.

·    Combining this analysis with the 3D mapping work carried out by SRK
(see PR dated 8 August 2022) will help with geological modelling, drill
targeting and follow-up exploration work.

·    Permitting is also underway at the Company's state Mineral
Exploration Permits (MEPs), and expansion programmes are being formulated on
the Bureau of Land Management (BLM) claims where Bradda is currently carrying
out diamond core drilling.

·    Drilling is progressing well at San Domingo; we are 50% through the
programme. Samples are being assayed currently, and results will be released
before year-end once sufficient mass is received.

 

 

Figure 1: San Domingo central and northern blocks with area covered under soil
sampling and areas of interest

 

Charles FitzRoy, CEO of Bradda Head Lithium, commented:

"The soil results indicate excellent targets beyond the current drilling plan,
and are a further piece in the puzzle to help us understand the size potential
we have at San Domingo and in unlocking the value at this lithium-bearing
pegmatite opportunity in Arizona. The US is investing $135bn in developing its
domestic EV and critical mineral supply chain, and our San Domingo pegmatite
project is ideally situated to help with that supply and to potentially
benefit from Department of Energy funding.

 

"This soil sampling programme is another critical tool used in drill hole
targeting and in confirming the prospectivity of our project at San Domingo.
Alongside our pegmatite project, we are driving growth at our Basin
lithium-in-clay project, with an updated resource due before year-end.
Bradda's mix of pegmatite, clay and brine assets is a big de-risker for any
investor. The recent TSX-V listing will also help to further broaden our
shareholder base.

 

"This first drill programme at previously un-drilled areas is progressing
well. Assay return times are still slow in the US due to an exploration boom
over the last 2 years, but what we have seen so far has been promising, giving
us confidence to implement exploration, permitting, and diamond drilling
follow-up targets. With drilling firmly underway we look forward to updating
the market before the end of the year."

 

 

Background

The Company carried out a soil sampling programme across an area covering just
under 3km(2) in the northern claim area at San Domingo, which will assist
future drill hole targeting and confirming prospectivity of the San Domingo
project as a whole. The soil sampling was carried out in a grid pattern, with
samples taken at 50m spacings along north-south lines which were spaced 100m
apart.

 

Key potential lithium pegmatite identifier elements were analysed for,
including lithium, niobium, caesium, and rubidium. The soil sampling results
demonstrated the potential for further follow-up programmes at San Domingo as
similar prospective elemental signatures were identified across the area
sampled. The soil geochemistry suggests that the pegmatite swarm is largely of
the LCT (lithium-caesium-tantalum) type, the most significant for lithium
deposits.

 

The Company is currently drilling in Arizona, where its 30-hole drilling
programme at San Domingo in Central Arizona, commenced in August. Drilling is
progressing well at San Domingo; we are 50% through the programme. Samples are
being assayed currently, and results will be released before year-end once
sufficient mass is received.

The commencement of drilling followed positive results from a recent SRK 3D
mapping exercise, increasing potential pegmatite outcrops by 190% and,
following this, Bradda increased its staked claims at San Domingo by 75% (see
PR dated 8 August 2022).

Figure 2: San Domingo soil data - variable radius (lithium, rubidium, and
caesium)

Figure 3:  San Domingo soil data - variable radius (niobium concentration)

 

 

For further information please visit the Company's website:
www.braddaheadltd.com (http://www.braddaheadltd.com)

 

Qualified Person

The geological information contained in this news release has been verified
and approved by Jim Guilinger, COO Bradda Head Lithium. Mr. Guilinger is a
Qualified Person as defined by National Instrument 43-101, Standards of
Disclosure for Mineral Projects of the Canadian Securities Administrators.

 

 

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.

 

 

ENDS

 

 

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 7220 1666

 James Biddle/Roland Cornish

 Peterhouse (Joint Broker)          +44 207 469 0930
 Charles Goodfellow

 Duncan Vasey

 Lucy Williams

 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 17.6Mt at an
average grade of 912ppm Li and 3.4%K for a total of 86kt LCE and an Inferred
Mineral Resource of 57.6Mt at an average grade of 717ppm Li and 3.3%K for a
total of 220kt LCE. In the rest of the Basin Project SRK has estimated an
Exploration Target of between 300 and 1,300Mt of material grading between 600
and 850ppm Li which is equivalent to a range of between 1 and 6Mt 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.

 

 

 

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", "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.

 

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