THE DRILL SERGEANT: Galan Lithium (ASX: GLN) informed the market on progress of its current drilling program underway at the company’s Western Basin projects, located on the Hombre Muerto salar in Argentina.
Galan Lithium said the drilling has confirmed that initial results from the maiden drilling program at Rana de Sal and Pata Pila have intercepted several heavy brine bearing aquifers in both holes completed to date.
The Rana de Sal and Pata Pila licences both cover large alluvial fan areas lying adjacent to Livent Corporation’s (NYSE: LVHM) tenure, covering the western margin of the Hombre Muerto salar.
Drilling targeted highly conductive CSAMT (Controlled Source Audio-frequency Magnetotellurics) anomalies recorded from surveys Galan previously completed in September last year, which it believes represent the extension of Livent’s brine producing aquifer for their Fenix operation.
Galan declared the results from Pata Pila confirm the high-grade nature with all samples returning lithium grades greater than 900mg/l lithium (Li) with low levels of magnesium/lithium (Mg/Li).
These grades were encountered within very wide brine intercepts, which Galan has interpreted to indicate the potential for a substantial new Resource at Pata Pila.
“We are delighted with the interim grades in excess of 1,000 milligrams per litre lithium with low impurities at Rana de Sal, being the highest-grade samples returned by Galan to date,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.
“This augurs well for potential new, very high-grade resources for the Western Tenements which would greatly complement our recently reported maiden resource from Candelas.
“These high-grade, low impurity results are the key outstanding factors that differentiate Galan and strengthens our view that the company’s projects have excellent development potential at Hombre Muerto.”