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Galan Lithium ready to drill new project as Candelas maiden JORC nears

Galan has a permit to drill 14 drill holes and 5 water bores at the Western Basin Project.

Galan Lithium Ltd - Galan Lithium ready to drill new project as Candelas maiden JORC nears
These will be the first holes drilled at Western Basin

Galan Lithium Ltd (ASX:GLN) is preparing to drill its Western Basin Project while it awaits the release of a maiden JORC resource for the Candelas Lithium Brine Project.

Both projects are located on the Hombre Muerto salar in Argentina. 

Preparatory works to access sites for maiden drilling within the Western Basin Project have now been completed within the Pata Pila and Rana del Sal target areas.

Drilling will target lithium brine at highly conductive anomalies recorded in an exploration survey completed in September 2018.

Hombre Muerto salar hosts very high-quality lithium

Meanwhile, the JORC resource estimation work for Candelas’s northern portion is on track for delivery in the current September quarter.

Galan’s managing director Juan Pablo Vargas de la Vega said: “With the maiden resource currently being defined for Candelas, we are now turning our attention to drilling our Western Basin projects where we hope to discover more low impurity, high-grade lithium in our land holding in one of the richest lithium areas in the world.”

Following the maiden resource at Candelas, Galan will look to commence a pre-feasibility study (PFS) into the potential development of the project.

Quick facts: Galan Lithium Ltd

Price: 0.18 AUD

ASX:GLN
Market: ASX
Market Cap: $25.32 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