Bradda Head Lithium powers on at Basin, as step-out drilling completes ahead of further resource updates
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Bradda Head Lithium Ltd said it has completed further step-out drilling phase at its Basin East lithium in clay project in Arizona.
The company has now received all assay results from its 14-hole, 1,200-metre, sonic drilling programme completed at Basin East (BE) earlier this year.
Promising intervals included 14 metres at 1,221 parts per million (ppm) and 16 metres at 1,512ppm.
The programme comprised infill drilling plus some expansion drilling, both aimed at increasing knowledge, size and classification of resources at the Basin project.
The results are being correlated by the independent geological consultants SRK before being included in an updated Basin resource later this year.
An extensive 30-hole drilling programme is also planned for the remainder of 2022 at Basin East Extension (BEE) and Basin North. Permits have been received and drilling should start shortly, the results of which will also inform a further resource update in early 2023.
Both these resource updates will form part of the resource for a preliminary economic assessment.
The company said it has also been notified by the Bureau of Land Management that its claims over portions of the Wikieup South claim block, equating to 5.4 square kilometres, are no longer valid due to the mineral rights being owned by a third party, and should not have been staked by Bradda in July 2021. This has now been resolved. The ownership of the company's other sedimentary claims at Wikieup and Basin are unaffected by this.
"These further results from Basin East are a significant addition to the existing resource base that we have established at our Basin project,” said Charles FitzRoy, chief executive of Bradda Head Lithium in a statement.
“The results should bolster our Basin mineral resource estimate and further demonstrate the potential in the ground of our clay assets and we are particularly excited about the intervals shown in holes BES-22-01 and BES-22-02, both located on the western side of BE near the BEE where Bradda will be starting drilling shortly," he added.