Galan Lithium Receives Argentine Drilling Permits

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) has received permits from the Secretaria de Estado de Minería ‐ Gobierno de Catamarca (the authority that approves drilling permits in Catamarca, Argentina).

The permitting allows Galan Lithium to conduct a maiden drill program over the company’s Western Basin projects located on the Hombre Muerto salar in Argentina.

The permits come following the recent completion of Galan’s initial resource drilling phase over the Candelas project located in the south‐east region at Hombre Muerto.

The company has been granted permits to drill a total of 14 drillholes plus five water bores within 18 months.

Work to enable access in preparation for drilling is now underway with drilling to commence thereafter.

Initial exploratory drilling is planned within the Pata Pila and Rana del Sal project areas.

“The drilling will target highly conductive anomalies recorded from CSAMT (Controlled Source Audio‐frequency Magnetotellurics) surveys previously completed in late September last year,” Galan Lithium said in its ASX announcement.

“These were the first surveys ever conducted over these targets with cover alluvial fans interpreted by the company to overlie prospective salar.

Pata Pila covers a large alluvial fan along the western margin of the salar with the geophysical profile showing an upper, horizontal conductive layer over approximately two kilometres being compatible with geological units interpreted to contain brines.

The Rana de Sal profile covers an alluvial fan area interpreted to overlie the salar.

The geophysical profile shows a highly conductive response over approximately 1.5km that are compatible with units interpreted to contain brines.

The eastern end shows the conductive anomaly remaining open, as expected, as the line enters the salar in the area where Livent has its operations.

Towards the west a more resistive unit is interpreted as basement.