Galan Lithium Limited (ASX: GLN) has announced a highly positive update from its third drillhole (C‐03‐19) at the Candelas lithium brine project located in Catamarca province, Argentina.
The company reported that the final assays from C‐03‐19 confirmed an exceptional intercept of 143m @ 784 mg/l Li. Galan noted that the analyses also confirm low impurities with Mg: Li ~2.70.
GLN said that the fourth drillhole is now completed, with field results indicating a ~117m moderately conductive brine horizon.
The company announced that the ongoing drilling will focus on resource definition in the northern area.
Candelas Lithium Brine Project
The Candelas Lithium Brine Project is located in Argentina’s Hombre Muerto region. Galan has engaged Canada-based Major Drilling to perform its diamond drilling campaign at the site. The drilling program comprises of five holes, drilling along the ~12-15km extent of the Candelas channel.
Excellent Results from Third Drill Hole (C‐03‐19)
The company reported that the field tests and logging indicated a substantial intercept of brine and the final assays from the third drillhole C‐03‐19 confirmed an exceptional intercept of 143 metres at 784 mg/litre lithium from 311m to 454m.
Galan said that the impurity levels continue to return low values with Mg: Li ~2.70. The company noted that these values are similar to those observed at the nearby Livent’s and Galaxy Resources’ Sal de Vida operations.
The third drillhole C‐03‐19 is located approximately 2.5kms south of the maiden drillhole (C‐01‐19), which had provided outstanding results including an intercept of 192m @ 802 mg/l Li with low impurities.
Drilling of C‐04‐19
GLN said that the fourth drillhole, C‐04‐19, has now been completed to 488m. C‐04‐19 is situated ~3km south of C‐03‐19 and ~5.3km south of drill hole C‐01‐19.
The company reported that the field tests indicated a moderately conductive (from 100 mS/cm to ~143 mS/cm) brine horizon intercepted over 117m from ~371m to 488m (end of the hole). Galan said that downhole geophysics will be performed and samples collected over the interval.
What’s Next?
The company said that following sampling of the fourth drillhole, the rig will be moved north. The drilling is planned to focus on resource definition in the northern Candelas channel area.
The company said that the permitting for further drilling beyond the initial five holes approved is advanced and expected in the near term.
The company noted that the results to date confirm that a potentially substantial volume of high quality, low impurity lithium bearing brine exists over a large area.
The Company announced that it remains on target to define its Candelas resource in Q3 this year.
