logo-loader
Galan Lithium Ltd

Galan Lithium drills brine in maiden hole at lithium project

The intersected brine has now been dispatched to a lab for lithium assaying.

diamond drill rig at project
Brine conductivities exceed the field instruments limits of 200ms/cm

Galan Lithium Ltd (ASX:GLN) has encountered a substantial intersection of brine in its maiden drill hole at the Candelas Lithium Brine Project on the Hombre Muerto salar in Argentina.

The hole, C‐01‐19, intersected the brine from depths of 235 metres to the hole’s current depth of ~300 metres.

C‐01‐19, at ~273 metres showing brine bearing breccia‐conglomerate host lithology

READ: Galan Lithium diamond drills Hombre Muerto basin near Galaxy and Livent

Galan’s managing director, Juan Pablo Vargas de la Vega said: “We are delighted that we have successfully encountered this amount of brine in ideal host sediments in our very first drill hole at Candelas.

“Whilst we still await confirmation that the brine is lithium bearing, the fact that brines even exist in an area not previously thought to be prospective is particularly pleasing and augers well for the continued exploration of the 15-kilometre-long channel at the project.”

Early results positive, assays pending

These early results from the first hole drilled at Candelas confirm the company’s geological model that brine does exist within the feeder channel into Hombre Muerto.

Whilst it is early days, the Galan is encouraged by this initial success and now awaits confirmation that the brine is lithium bearing via pending lab assays.

Progress of drill program going well

Progress to date by the Galan team on site has been very positive.

The drilling rates, achieved by Canadian based international drilling company Major Drilling, has also allowed the company to achieve its initial goals in a very short time frame.

Quick facts: Galan Lithium Ltd

Price: $0.19

Market: ASX
Market Cap: $24.95 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Galan Lithium Ltd named herein, including the promotion by the Company of Galan Lithium Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Galan Lithium makes new discovery at Candelas project in Hombre Muerto

Galan Lithium Ltd (ASX:GLN) advisor Clive Jones speaks to Proactive Investors about the company's new discovery at the Candelas Lithium Brine Project in Agrentina's Hombre Muerto region. Drilling is ongoing, and more detailed sampling and downhole geophysics will be undertaken.

on 13/2/19

2 min read