27th Sep 2021 17:31
Bradda Head Lithium Ltd - lithium explorer with assets in Nevada and Arizona - Sees "positive" drilling results from assay results from third twinned hole at its 100% owned Burro Creek East project.
"They not only provide further confidence to our geological model, but we believe, also add value and the potential to add further resources to our previously reported numbers of 185kt of LCE," Chief Executive Charles FitzRoy says.
Notes Hole BCE21-03 discovered previously unknown lithium mineralisation within the Lower Clay zone at Burro Creek East, which company says highlights athat there is "significant potential" for an increase in the lithium mineral resource.
The highest grade recorded in the Upper Clay zone at 2,150 parts per million lithium over 0.6 metres from BCE21-03, compares with 1,590ppm lithium over 1.5 metres as reported in 2018.
FitzRoy continues: " The presence of these grades in both the Upper and the Lower Clay Zones reinforces our geological interpretation for the Burro Creek lithium deposit and bodes well for the remaining drilling programme and for the potential at the rest of our Burro Creek claims. The Lower Clay zone was never previously drilled."
"It is exciting times, not only in terms of the overall Lithium market space but also as our exploration drill programmes, and on-site field work at all three of our Lithium targets kicks into gear," he adds.
Current stock price: 7.75 pence, down 3.1% on Monday
Year-to-date: up from 5.75p in mid-July IPO
By Paul McGowan; [email protected]
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