Bradda Head hails district-scale potential of Arizona lithium asset
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) reckons it may have a tiger by the tail in the form of a district-scale lithium discovery in Arizona.
In an update, it said soil sampling results from its property indicated a 9-kilometre mineralised trend while drilling intercepted high-grade lithium-bearing minerals on multiple targets.
The results came from the company's third and final set of assay results from its maiden diamond core programme within the San Domingo pegmatite district.
Charles FitzRoy, CEO of Bradda Head, said: "These final results are highly encouraging and set the scene for what we believe has the potential to define a world-class lithium pegmatite district in Arizona, near vital infrastructure and battery end-users within the US and the wider developing North American battery hub. The US is investing $135 billion in its EV [electric vehicle] and critical minerals supply chain."
He added: "This last set of results highlights further a distinct district-scale potential with multiple areas showing promising results and high-grade lithium intersections with visible spodumene."
The best readings from the final set of assays included 5.94 metres (m) at 1.22% Li2O in SD-DH23-046 and 6.52m at 1.24% Li2O in SD-DH23-041 in the Northern Claims. In the Central Claims, results included 4.72m at 0.67% Li2O in SD-DH23-038a.
The CEO also noted that the company has already secured funds for a follow-up drilling program in the second half aimed at testing additional ground within the 23 square kilometres of lithium pegmatite claims and leases held in Arizona.
With just over 1% of the area tested from the first programme, FitzRoy believes that the company has only scratched the surface of its potential at San Domingo.
Bradda Head is working to develop its assets with a low carbon footprint as part of its ESG approach. The company has the largest publicly announced lithium resource in Arizona.