THE DRILL SERGEANT: Galan Lithium (ASX: GLN) reported on progress of drilling underway at the company’s Candelas lithium brine project in Argentina.
Galan Lithium informed the market that drillhole (C-02-19) at the Candelas project encountered fractured basement at 632 metres and was completed to a total depth of 662m.
Preliminary field data from a 202m section (from 460 to 662 to the end of hole) returned conductivity levels of a lower order than those the company recorded in C-01-19 but it still expects these to return lithium values albeit at lower levels.
The company’s technical team has interpreted the results to indicate that brines were introduced at depth into the channel from the north with drillhole C-02-19 drilled into a hydrothermally affected area.
Lithium bearing brines lie around the base of the channel in interbedded breccia and conglomerates and infiltrate into fractured bedrock, from which the team has determined hydrothermal activity proximal to C-02-19 may be diluting the aquifer at this location.
“Much has been achieved to date in a short time frame,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.
“We are dealing with a unique geological setting for lithium brines and our knowledge of the region increases with the more work we do.
“The lithium potential remains strong for Candelas as it does for our prospective Western tenements at Hombre Muerto.”