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Bradda Head Lithium Ltd. (AIM:BHL) – Notable News

March 17, 2022

Bradda Head Lithium Ltd. (AIM:BHL, Not Rated, Koby Kushner) announced that it has received permission to conduct a 23-hole, 1,050m drill program at its wholly-owned Eureka Li project in Nevada, pending a 30-day bond payment adjudication. This is a first-pass shallow drilling program that is expected to focus on the near-surface clay potential that was identified from previous sampling (up to 550 ppm Li) and recent geophysics, including magnetotellurics and ground-penetrating radar surveys (read more). The surveys revealed the presence of both clay potential at depths of ~100m and a potential brine reservoir at depths from 300-2,000m over a 12km strike length. We also note that geothermally heated water potential was identified, which could hypothetically provide a low-carbon energy source in a future production scenario. The shallow program is one of two drill programs planned at Eureka for H2/22, with the other program expected to focus on the brine target. Eureka represents one of two projects in Bradda’s portfolio with Li-brine potential, with the other one being the Wilson Flat project, also in Nevada, where the company recently received drill permits (read more). At its Arizona sedimentary projects, Bradda is looking to grow the existing 185 kt LCE resource at Basin East with a resource update expected shortly. Meanwhile, drilling at the adjacent Wikieup property remains ongoing (read more), with a maiden resource anticipated in Q2/22. Also in Arizona, the company is exploring its San Domingo pegmatite project, with drilling anticipated for Q2/22. We note that Charles FitzRoy, CEO, recently presented at Red Cloud’s Very Pre-PDAC Mining Showcase, where he provided an overview on Bradda’s assets and hints as to what is to come in the catalyst-rich year ahead (read more). Read more

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