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Galan Lithium Ltd.
Summary
| Project: | Candelas | |
|---|---|---|
| Deposit: | Candelas | |
| Location: | Argentina | |
| Commodities: | Lithium-Magnesium-Boron-Potassium | |
| Date: | 7/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-7-2019: Galan Lithium Ltd. announces an Exploration/Drilling Update report for its Candelas deposit at the Candelas project. Drilling results incl. 137m @ 680mg/L Li from 240m. Galan Lithium Limited (ASX: GLN) (“Galan” or “the Company”) in on track to d | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Luke Milan (Not stated) | |
| ABSTRACT: | Galan Lithium Limited (ASX: GLN) (“Galan” or “the Company”) in on track to deliver a maiden JORC compliant resource estimate in Q3 2019 for the northern portion of the Candelas lithium brine project located in Catamarca province, Argentina, following receipt of further assay results from its recently completed stage two drilling campaign. Laboratory results were received for drill hole five (C-05-19), six (C-06-19) and seven (C-07-19), with brine samples from drill hole eight (C-08-19) currently being forwarded to the laboratory. This new data confirms a minimum 3.5km strike extent of heavy brines at the northern portion of Candelas (Figure 1), with holes one, three, five and six all with >500mg/l Li ranging from 510-802mg/l Li and hole eight giving similar indications from field testwork. Importantly, results continue to show exceptional low levels of impurities with Mg/Li < 3, which are in line with those observed at the nearby Livent project (NYSE: Fenix) and Galaxy Resources’ (ASX: GXY) Sal de Vida project. The latest round of sampling for drill holes 5 to 7 followed downhole geophysics which highlighted the preferred brine horizons to be sampled. The holes were then cased to the top of the brine horizon and pumped for between 8 to 24 hours to ensure that the sample was representative. The results from this sampling is presented in Table 1 and indicate excellent lithium grades with low impurities. | |
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