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Galan Lithium Ltd.
Summary
| Project: | Hombre Muerto | |
|---|---|---|
| Deposit: | Pata Pila, Rana de Sal | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 3/12/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-3-2020: Galan Lithium Ltd. announces a Resource Estimation report for its Pata Pila, Rana de Sal deposit at the Hombre Muerto project. Initial Mineral Resource Estimate for Pata Pila and Rana de Sal deposits. Galan Lithium Limited (ASX: GLN) (Galan or | |
| Resources: | (Resources, Inf.): 214Mm3 @ 946mg/l | |
| CP/QP: | [Resources]: Michael Cunningham (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Galan Lithium Limited (ASX: GLN) (Galan or the Company) is very pleased to announce the maiden JORC (2012) reported Mineral Resource estimate for the Hombre Muerto West lithium brine project located in Catamarca province, Argentina. The resource estimate was completed by the Company’s consultants SRK Consulting (Australasia) and was conducted by their Australian based team. The Inferred mineral resource estimate for Pata Pila and Rana de Sal is 1,080,775 tonnes of contained lithium carbonate equivalent (LCE) product grading at 946mg/l Li (with no Li cut off). A summary of the HMW mineral resource, is provided in the Mineral Resource Statement (Table 2). Galan’s Managing Director Juan Pablo (JP) Vargas de la Vega said: “We are delighted to deliver a JORC reported maiden Resource estimate resulting in an approximate 1.1Mt tonnes of LCE product within the HMW project area. This Inferred resource helps to consolidate Galan’s Scoping and Pre-Feasibility Study and has exceeded the Company’s expectations significantly, further validating the high-grade, low impurity nature of the HMW and Candelas projects. | |
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