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Bradda Head Lithium counts down to new drilling in Arizona

Published 10/08/2023, 08:34
Updated 10/08/2023, 09:11
© Reuters.  Bradda Head Lithium counts down to new drilling in Arizona
BHL
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Proactive Investors - Bradda Head Lithium Limited (LON:BHL) told investors that the drill rig has been mobilised for Phase 3 drilling at the San Domingo programme in Arizona.

The company is now counting down to what it highlighted as the second large-scale drill programme conducted in less than one year at San Domingo.

"We are thrilled to initiate the Phase 3 drilling programme at San Domingo, building on the successes of our previous phases and leveraging the valuable insights gained from our geologists' groundwork,” chief executive Charles FitzRoy said in a statement.

“The aim of this programme is to delineate the first resource at San Domingo, and we are confident in the project's potential to contribute significantly to the developing battery supply chain in the Western US.

"San Domingo's rich history of lithium mining, combined with the positive results from the first two drilling phases, has only increased our enthusiasm and confidence in the project's potential.”

The upcoming phase of drilling aims to test several new high-priority targets.

Bradda Head additionally pointed out San Domingo's strategic location in Arizona which the company said “places it at the heart of the burgeoning battery supply chain”.

The drill rig is now en route and Bradda Head expects drilling to start later this month.

It aims to extend the known lithium mineralisation unearthed in the previous programme.

“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,” FitzRoy said.

“We look forward to sharing further developments of this exciting project.

"The groundwork conducted by our geologists and the comprehensive data analysis have been crucial in designing this Phase 3 drill programme.

“Our team's efforts are aimed at unlocking the full potential of San Domingo, and we are excited about the possibilities this exploration campaign holds for Bradda Head and its stakeholders.”

The Bradda Head chief executive added: “As well as progressing its pegmatite projects, Bradda Head recently announced further positive assay results from its lithium in clay Basin project in Arizona.

“With almost 0.4Mt of LCE already in compliant resources Bradda Head has the largest publicly announced lithium resource in Arizona and the company expects that resource number to grow significantly this year."

Read more on Proactive Investors UK

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