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Galan Lithium Ltd.
Summary
| Project: | Candelas | |
|---|---|---|
| Deposit: | Candelas | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 2/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-2-2019: Galan Lithium Ltd. announces an Exploration/Drilling Update report for its Candelas deposit at the Candelas project. Drilling results incl. 20.0m @ 771mg/l Li from 310m. Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to annou | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Luke Milan (Independent) | |
| ABSTRACT: | Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce its highly successful maiden drillhole (C-01-19) at the Candelas Lithium Brine Project, located immediately to the southeast of the Hombre Muerto salar in Argentina, has now been completed at a depth of 401 metres. The drillhole successfully encountered a substantial intercept of brine from depths of approximately 235 metres to the end of the hole within coarse clastic sediments to 311 metres and then fractured basement lithologies to 401 metres. Commenting on the maiden drillhole, Galan’s Managing Director, Juan Pablo (“JP”) Vargas de la Vega said; “These initial results are exceptional, confirming the presence of high-grade lithium bearing brines within a geologicalsetting unique to the Hombre Muerto salar. We have encountered exceptionally good grades with low impurities which are comparable to the rest of Hombre Muerto Basin where Livent, POSCO and Galaxy have their operations. We believe we have a potential world class lithium project on our hands which we are keen to further demonstrate in our ongoing drilling”. Flow rates were observed to be very good throughout the intercept, however these diminished near the end of the hole. Detailed flow rate testwork is planned for a later date and the drill rig will now be moved | |
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