Business
Further Positive Results at Basin
Further Positive Results at Basin.
About this update from Bradda Head Lithium Limited
[{"type":"text","content":"\n\n\n \n \n \n \n23 August 2023\n \n\n\nBradda Head Lithium Ltd.\n(\"Bradda Head\", \"Bradda\", \"BHL\" or the \"Company\")\n \nFurther Positive Results at Basin to Lead to Significant Resource Expansion Potential\n \nBradda Head Lithium Ltd (AIM:BHL, TSX-V:BHLI, OTCQB:BHLIF), the North America-focused lithium development group, is pleased to announce assay results from the latest 2 drill holes of the Basin East Extension (\"BEE\") 2023 drill programme, returning the highest single interval grade so far of 2,791ppm Li over 0.40m and a separate sample of 641 ppm Mo over 1.22m. Drilling has now finished and Bradda Head is busy working on the upgraded Mineral Resource Estimate (\"MRE\") and anticipated in mid-September.\n \nThe programme has continued to encounter better-than-expected thicknesses of clay, further confirming that lithium-bearing clays continue and appear to thicken to the north into the Company's Basin North (\"BN\") claims, and likely west into Basin West (\"BW\") claims. These positive indicators are expected to lead to significant resource expansion for the Company this year.\n \nDrilling campaign highlights:\n \n1. Notable lithium intercepts:\n· Notable intervals from the next 2 widely-spaced sonic core holes continue to be encouraging and include:\no 88.70m @ 903ppm Li in hole BES23-11, including 12.51m @ 1,427ppm,\no 75.12m @ 983ppm Li in hole BES23-12, including 27.6m @ 1,339ppm. See Table 1 for highlighted results.\n \n2. High-grade unit\n· The high-grade unit previously found in Basin East (\"BE\") has similar grades and maintains strong continuity across all of BEE and now confirmed into BN, likely extending into BW.\n· This is positive for any future mining operation as the high-grade unit sits in the upper clay unit which forms the shallowest part of the deposit and cropping out at BE.\n· The assay results continue to detect high levels of molybdenum associated with these two drill holes within the high-grade unit such as 289ppm Mo over 8.84m in BES23-11 within 21.04m of 167ppm and 15.56m of 148 I BES23-12. A detailed XRD analysis of the Basin core is under construction with the intent of identifying the mineralogy associated with ...