Galan Lithium Claims Argentina Lithium Discovery

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) claimed a new lithium discovery based on results from the first samples taken from the maiden drillhole (C‐01‐19) at the company’s Candelas lithium brine project in Argentina.

Galan Lithium indicated the ongoing drillhole is currently at 354 metres having encountered a substantial intercept of brine from depths of approximately 235m to 354m within coarse clastic sediments to 311m and fractured basement lithologies from 311m to 354m.

The exploration program is being led by the company’s chief geologist, Francisco Lopez, with onsite QA/QC control and technical support provided by Camilo de los Hoyos from SRK Consulting (Argentina) a specialist in hydrogeology and in the exploration of lithium brines.

Hoyos declared the initial results as exceptional, adding they confirm the presence of high‐grade lithium bearing brines within a geological setting unique to the Hombre Muerto salar.

“Preliminary field measurements and laboratory analyses on brine suggests that the Candelas project has the potential to become a world‐class soluble lithium deposit hosted in a unique geological setting,” Hoyos said in Galan Lithium’s announcement to the Australian Securities Exchange.

“Further results from exploration must be assessed step by step to define matrix specific yield and hydraulic conductivity, brine quality and aquifer geometry.”

Acknowledging that the exploration is in its early days, the company said it was greatly encouraged by this initial success and now awaits confirmation of these results from further samples and testing.

Galan will aim to fast track the exploration at Candelas with the goal of targeting a resource as soon as practicable.

Th e current maiden drill program is planned to comprise five holes drilled along the approximate 15-kilometre extent of the Candelas channel.

“To encounter lithium grades of this tenor with low impurities in our first hole is remarkable and has given us further encouragement that the Candelas project has the potential to host a significant resource of lithium bearing brines,” Galan Lithium managing director Juan Pablo Vargas de la Vega said.