THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced further news from the maiden drillhole (C-01-19) underway at the company’s Candelas lithium brine project, located immediately to the southeast of the Hombre Muerto salar in Argentina.
The hole has now reached a depth of 401 metres, hitting an intercept of brine from depths of approximately 235 metres to the end of the hole within coarse clastic sediments to 311 metres and then fractured basement lithologies to 401 metres.
“These initial results are exceptional, confirming the presence of high-grade lithium bearing brines within a geological setting unique to the Hombre Muerto salar,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.
“We have encountered exceptionally good grades with low impurities which are comparable to the rest of Hombre Muerto Basin where Livent, POSCO and Galaxy have their operations.
“We believe we have a potential world class lithium project on our hands which we are keen to further demonstrate in our ongoing drilling.”