Galan Lithium Confirms High-Grade Lithium over 143 Metres

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) received final assays from the third drillhole (C‐03‐19) drilled at the company’s Candelas lithium brine project, located in Catamarca province, Argentina.

The drillhole is located approximately 2.5 kilometres south of the company’s maiden drillhole (C‐01‐19), which provided results including an intercept of 192 metres at 802 milligrams per litre (mg/l) lithium with low impurities.

Following downhole geophysical logging several packer tests were performed and samples collected and sent for analyses.

Field tests and logging indicated a substantial intercept of brine where assays confirmed an intercept of 143m at 784mg/l lithium from 311m to 454m.

The company explained that following sampling of drillhole C‐04‐19 the rig will be moved north with drilling to focus on resource definition in the northern Candelas channel area.

Permitting for further drilling beyond the initial five holes approved is advanced and expected in the near term.

“The results to date confirm that a potentially substantial volume of high quality, low impurity lithium bearing brine exists over a large area and the company remains on target to define a resource in Q3 this year,” Galan Lithium said in its ASX announcement.