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Galan Lithium Ltd.
Summary
| Project: | Hombre Muerto | |
|---|---|---|
| Deposit: | Pata Pila | |
| Location: | Argentina | |
| Commodities: | Lithium-Magnesium | |
| Date: | 9/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-9-2019: Galan Lithium Ltd. announces an Exploration/Drilling Update report for its Pata Pila deposit at the Hombre Muerto project. Initial assays indicate grades in excess of 900mg/l Li. Galan Lithium Limited (ASX: GLN) (Galan or the Company) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Luke Milan (Not stated) | |
| ABSTRACT: | Galan Lithium Limited (ASX: GLN) (Galan or the Company) is delighted to announce exceptional preliminary assay results from its maiden drill hole at Pata Pila, which forms part of its Western Basin projects located on the Hombre Muerto salar in Argentina (Figure 1). The Pata Pila licence covers a large alluvial fan adjacent to Livent Corporation’s (NYSE: LVHM) tenure covering the western margin of the Hombre Muerto salar. The drillhole intercepted several brine horizons varying from 25m to 258m in thickness and was completed at 718 metres after encountering basement at a depth of 713 metres (Figure 2). Preliminary results from four samples returned consistent, high lithium grades greater than 900mg/l Li with low impurity levels (Table 1). These results are significant, being some of the highest‐grade results reported from any brine project in Argentina to date. Further samples taken to the end of the hole also reported heavy brines with high specific gravity values ~1.20 and conductivities >200 mS/cm. Further double packer tests will be undertaken following downhole geophysics which is currently underway. | |
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