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Galan Lithium Ltd.
Summary
| Project: | Candelas | |
|---|---|---|
| Deposit: | Candelas | |
| Location: | Argentina | |
| Commodities: | Lithium-Magnesium-Boron-Potassium | |
| Date: | 7/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-7-2019: Galan Lithium Ltd. announces an Exploration/Drilling Update report for its Candelas deposit at the Candelas project. Drilling results incl. 70.4m @ 744mg/L Li from 270m. Galan Lithium Limited (ASX: GLN) (“Galan” or “the Company”) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Luke Milan (Not stated) | |
| ABSTRACT: | Galan Lithium Limited (ASX: GLN) (“Galan” or “the Company”) is pleased to announce the latest results from hole eight (C‐08‐19) located in the northern portion of the Candelas lithium brine project located in Catamarca province, Argentina. This is the last drillhole from the Company’s initial drilling campaign to deliver a maiden JORC compliant resource estimate in Q3 2019. Positive laboratory results for hole eight indicated a 70.4m interval grading 744mg/l Li with low impurities. Initial packer results from a 5‐hour pumping test yielded 655 mg/l Li. Following this, the hole was cased and the interval resampled utilising a more comprehensive 72‐hour pumping test. Results from this indicated an increase in grade to 744 mg/l Li from 655 mg/l Li and a brine density of 1.80 (compared to 1.162 using 5‐hour pumping test) with both conductivities remaining >200 mS/cm. Drillhole eight (C‐08‐19) also positively tested and confirmed the presence of high‐grade lithium close to the eastern boundary of the Candelas basin. This indicates a minimum 3.5km strike and 2.5km width extent in this northern portion of Candelas (Figure 1). All five holes drilled at Candelas North graded >500 mg/l Li (Table 1). Importantly, results continue to show exceptional low levels of impurities with Mg/Li ratios | |
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