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Galan Lithium Ltd.
Summary
| Project: | Candelas | |
|---|---|---|
| Deposit: | Candelas | |
| Location: | Argentina | |
| Commodities: | Lithium-Magnesium-Boron-Potassium | |
| Date: | 5/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-5-2019: Galan Lithium Ltd. announces an Exploration/Drilling Update report for its Candelas deposit at the Candelas project. Drilling results incl. 34.0m @ 836mg/l Li, 2131mg/L Mg, 579ng/L B, 8487mg/L K from 285m. Galan Lithium Limited (ASX:GLN) (Galan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Luke Milan (Independent) | |
| ABSTRACT: | Galan Lithium Limited (ASX:GLN) (Galan or the Company) has received initial assays from its fifth drillhole (C-05-19) at the Candelas lithium brine project located in Catamarca province, Argentina. The drillhole is located approximately 2.5kms south of the maiden drillhole (C-01-19, figure 1) which provided outstanding results including an intercept of 192m @ 802 mg/l Li with low impurities (ASX announcement 11 March 2019). Following downhole geophysical logging several packer tests were performed and samples collected from drillhole C-05-19 and sent for analyses. Heavy wintry weather has recently delayed operations and final sampling onsite. Hole C-05-19 lab results indicate good lithium grades from the brine horizon from 220 to 380m ranging from 491 to 856 mg/l Li (Table 1). Impurity levels continue to return low values with Mg:Li ~2.60 similar to those observed at the nearby Livent’s (NYSE:Fenix) and Galaxy Resources’ (ASX:GXY) Sal de Vida operations. Drillhole C-06-19 was also recently completed to a depth of 422m after encountering basement at 419m. Field results from packer tests conducted before operations had to cease encountered brines with SG ranging from 1.09 to 1.13 for the last 42 metres of the hole. The higher SG was met at the top of the 42 metres section. Upon re-commencement of operations, sampling will be completed on C-05-19 and new ascending packer tests will be performed on C-06-19 to delineate the brine horizon and its total thickness. The Company is on standby and is ready to re-commence operations once weather conditions clear | |
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