LONDON, UK: Bradda Head Lithium Ltd. (AIM:BHL), a lithium development company focused on North America, has acquired 100% ownership of three inlier lode claims in the middle of its Central San Domingo claim block in Arizona.
The acquisition was made after Bradda’s first drill programme yielded promising results and encountered abundant visible spodumene in the Lower Jumbo Target.
No royalties are associated with the lode claims, and the acquisition allows the company to fully explore the surrounding area of its Central claim block, where five historic lithium mines are located. The inlier claims will be a key part of the Phase 3 drill programme set to begin later this year.
The acquisition of the claims provides Bradda with the opportunity to maximize the potential of the 9km mineralized trend without any encumbrance.
Charles FitzRoy, CEO of Bradda Head Lithium, commented: “We are delighted to have acquired these three claims. They are located right at the heart of our San Domingo district, a district where our recent assay results have already proved to have district scale potential with multiple areas showing promising results and high-grade lithium intersections with visible spodumene. We are looking forward to testing further in H2 of this year and look forward to further proving up the potential of this district.
“Bradda is in the process of designing a follow-up drilling programme in H2 of this year aimed at testing additional ground within the much wider 23km2 of lithium pegmatite claims and leases held in Arizona. The acquisition of the inlier claims strengthens Bradda’s position and funds are already in place for this planned work, and ongoing exploration work by our geologists suggests that we have only just scratched the surface of what we have at San Domingo with just over 1% of the area tested from this first programme. We look forward to sharing further developments of this exciting project.
“As well as progressing its pegmatite projects, Bradda Head recently announced commencement of drilling at its Basin Project and a 2nd resource update in less than 12 months at its lithium in clay Basin project in Arizona. With almost 0.4Mt of LCE already in compliant resources Bradda Head now has the largest publicly announced lithium resource in Arizona and 2023 is expected to be yet another resource growth year for the Company.”
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