TIDMBHL
RNS Number : 1031J
Bradda Head Holdings Ltd
19 August 2021
19 August 2021
Bradda Head Holdings Ltd
("Bradda Head", "Bradda", or the "Company")
Engagement of Geophysics Contractor
Bradda Head Holdings Ltd (AIM:BHL), the North America-focused
lithium development group, announces that, as part of its ongoing
exploration efforts on the ground in Arizona, it has engaged
geophysics contractor Terravision Exploration Ltd. ("Terravision")
to conduct geophysical programmes at the Company's Burro Creek
(East and West), Wikieup and San Domingo lithium projects.
Highlights:
-- Terravision has been engaged to conduct geophysical
programmes with its leading ground-penetrating radar (GPR)
technology, GPRplus(TM).
-- GPRplus(TM) can penetrate depths of up to 200m and will be
used at Bradda Head's sedimentary (clay) and pegmatite lithium
assets to identify different geological structures and layers by
identifying differences in densities between the clay layers and
basement rocks.
-- The geophysics programme should assist the Company with its
forthcoming exploration and resource definition exploration
programme, minimising the risk of unnecessary drilling meterage and
accelerating the overall programme.
-- Research has confirmed that, due to the geological settings
of the pegmatites, the GPRplus(TM) system can provide accurate
high-resolution imagery of the resource area.
-- As stated in the IPO budget, a geophysical programme was
planned at our pegmatite district, San Domingo. This has now been
extended to the larger Wikieup-Burro Creek land package.
Bradda Head has engaged geospatial imaging contractor
Terravision Exploration to conduct geophysical programmes using its
GPRplus(TM) technology, a geophysical technique that uses density
differences in geophysical features to identify different
geological structures and layers.
Bradda Head has recently doubled its landholding on the Burro
Creek-Wikieup lithium district to 47km(2) , and geophysical surveys
are a proven, cost effective first stage in identifying prospective
drilling areas within known clay beds. The survey will help guide
drilling programs at the newly-staked claims and add further data
to the planned drilling programmes at Wikieup and Burro Creek.
Previous research has already confirmed that the geological
settings of the pegmatites, primarily hosted in metamorphic rocks,
will provide a strong density contrast that can be defined with a
high degree of resolution using the GPRplus(TM) system.
The geophysical programmes for our Wikieup, Burro Creek, and San
Domingo assets will run over September and October.
Charles FitzRoy, CEO of Bradda Head, commented:
"We are pleased to have engaged with Terravision, a recognised
Geophysics technology provider to advance our sedimentary and
pegmatite explorations in Arizona. The GPRplus(TM) technology is
truly world-leading and will enable us to accurately plan our
drilling programmes moving forward in order to maximise the
resource potential of our assets.
"We already know from previous geological tests that the make-up
of our pegmatite deposits are such that Terravision's systems will
produce very high-quality geospatial imagery, which will again
increase the chance of successful drilling operations in the near
future."
"Conducting geophysical programmes like this ensures we are only
drilling where we are confident we should, reducing the
environmental impact and any unnecessary costs"
For further information please visit the Company's website:
www.braddaheadltd.com
About GPRplus(TM)
Terravision Exploration's GPR, also known as GPRplus(TM), DPR or
DGPR, is a ground-penetrating radar technology that identifies the
presence of mineral resources in geological features at up to 200m.
With minimum cost and in real time, GPRplus(TM) can gather
information about the geological structure of prospective
areas.
With origins in lunar sub-surface mapping during the Apollo and
LUNA missions, and in Russian Mars exploration programmes,
Terravision was one of the first companies to take advantage of the
low-frequency deep imaging GPRplus(TM) systems on earth and has
been at the forefront of GPR operations since the emergence of the
technology.
Contact:
Bradda Head Holdings Limited +44 (0) 1624 639 396
Charlie FitzRoy, CEO
Denham Eke, Finance Director
Beaumont Cornish (Nomad)
James Biddle/Roland Cornish +44 20 7220 1666
Peterhouse (Joint Broker) +44 207 469 0930
Charles Goodfellow
Duncan Vasey
Lucy Williams
Shard Capital (Joint Broker) +44 207 186 9927
Isabella Pierre
Tavistock (PR) + 44 20 7920 3150
Oliver Lamb braddahead@tavistock.co.uk
Adam Baynes
Notes to Editors
Bradda Head Holdings Ltd is a North America-focused lithium
development group. The Company currently has interests in a variety
of lithium projects, the most advanced of which are in Central and
Western Arizona: the Burro Creek project (Burro Creek East Project,
and the Burro Creek West Project) and the Wikieup Project.
The Burro Creek East Project has an estimated an Inferred
Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an
average grade of 818 ppm of lithium for 185,000 tonnes of lithium
carbonate equivalent (LCE). The Burro Creek East Project also has
additional exploration potential for extensions to the current
model of between 50,000 to 300,000 tonnes of lithium carbonate
equivalent.
The Group intends to continue to develop its three phase one
projects in Arizona, whilst endeavouring to unlock value at its
other prospective pegmatite and brine assets in Arizona, Nevada and
Pennsylvania.
All Bradda Head's licences are held on a 100% equity basis and
are in close proximity to the required infrastructure.
Bradda Head is listed on the AIM market of the London Stock
Exchange with the ticker of BHL.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCDGGDILSBDGBI
(END) Dow Jones Newswires
August 19, 2021 02:00 ET (06:00 GMT)
Bradda Head Lithium (LSE:BHL)
Historical Stock Chart
From Apr 2024 to May 2024
Bradda Head Lithium (LSE:BHL)
Historical Stock Chart
From May 2023 to May 2024