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Galan Lithium Ltd

Galan Lithium working to prove up potentially large lithium brines project in Argentina

Galan Lithium Ltd (ASX:GLN) managing director Juan Pablo Vargas de la Vega updates Proactive Investors on the lithium exploration company’s work defining the Candelas prospect within its Hombre Muerto Lithium Project in Catamarca Province, Argentina.

The company has received promising results from a second resistivity survey conducted at Candelas, identifying conductive and shallow units that are compatible with being saturated with brine.

Permitting procedures to conduct drilling over the project are well advanced and Galan is advancing contracts to commence drilling in the current quarter.

“If we go by the data that is next to us from Galaxy, we potentially have a significantly good project … and soon enough we’re going to be proving it up,” Vargas de la Vega says.

Quick facts: Galan Lithium Ltd

Price: $0.19

Market: ASX
Market Cap: $25.98 m
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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