THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced highly conductive brines have been intercepted in the third drillhole at the company’s Candelas lithium brine project located on the Hombre Muerto salar in Argentina.
Galan Lithium said field measurements had indicated the upper levels of a brine bearing aquifer were encountered in the third drillhole to be drilled at Candelas, C-03-19.
The brine was intercepted from depths of approximately 280 metres to the current depth of approx. 309m.
This hole is located approximately 2.5 kilometres southeast of the maiden drillhole which provided results including an intercept of 192 metres at 802mg/l lithium with low impurities.
The company explained the geological sequence largely replicates that observed in the maiden drillhole incorporating a thick layer of ignimbrite lying below surficial alluvial cover.
The hole then encountered a sequence of sands and clays hosting salty waters which then, at around 280m, turned to brines hosted within a permeable breccia-conglomerate.
“The discovery of further brines within the Candelas channel reinforces our view that the project has the very real potential to host a significant lithium resource in one of the world’s premium salars at Hombre Muerto,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.
The company has also now received assays from this second drill hole (C-02-19) located some 9.5km south of the maiden drillhole that encountered fractured basement at 632m and was completed to a total depth of 662m.
These assays confirm the field observations which indicated a lower grade lithium bearing aquifer interpreted to be due to dilution from hydrothermal waters.