Galan Lithium Hits Brines with First Drillhole

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) informed the market of its encounter with a substantial intercept of brine from its maiden drillhole at the company’s Candelas lithium brine project, located on the Hombre Muerto salar in Argentina

Galan Lithium reported the hole, C‐01‐19, encountered the intercept from depths of approximately 235 metres to a depth of approximately 300m.

The company explained the hole had initially intersected around 9m of alluvial cover before intersecting a thick layer of ignimbrite (a volcanic pyroclastic flow) to 165m and went on to meet a sequence of sands and clays hosting salty waters which then, at about 235m, turned to brines hosted within coarse clastic sediments including a breccia‐conglomerate.

Conductivity measurements from brine samples exceeded the 200 milli siemens/cm limits of the field recording instrument.

Galan Lithium said the early results from its first hole drilled at Candelas had confirmed its geological model that brine does exist within the feeder channel into Hombre Muerto and that it was obviously in the early stages of exploration at the project it was greatly encouraged by this initial success and now awaits confirmation that the brine is lithium bearing from preliminary samples which are to be transported to the laboratory in Argentina.

Samples will also be collected and sent to the USA for porosity test work particularly to determine specific yield (drainable porosity).

Should the testwork confirm expectations then Galan will aim to fast track the exploration at Candelas with the aim of targeting a resource as soon as practicable.

This current maiden drill program is planned to comprise five holes drilled along the approx. 15-kilometre extent of the Candelas channel.

“We are delighted that we have successfully encountered this amount of brine in ideal host sediments in our very first drillhole at Candelas,” Galan Lithium managing director, Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“Whilst we still await confirmation that the brine is lithium bearing, the fact that brines even exist in an area not previously thought to be prospective is particularly pleasing and augers well for the continued exploration of the 15-kilometre long channel at the project.”