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Galan Lithium Makes Strategic Argentinian Land Acquisition

THE BOURSE WHISPERER: Galan Lithium (ASX: GLN) increased its land tenure at the company’s Hombre Muerto West (HMW) project in Catamarca, Argentina.

Galan Lithium has acquired a 100 per cent interest in the Deceo III tenement, located at the Hombre Muerto salar, under a new re-negotiated agreement, under which it will pay US$30,000 to the vendors.

“This strategic 100 per cent project acquisition by Galan evidences our intentions to consolidate a significant continuous ground holding (currently ~14km) at HMW,” Galan Lithium managing director JP Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“Moreover, we are of the conviction that Candelas and HMW could become low-cost, profitable lithium producing projects, even at today’s lithium prices.

“Both of these 100 per cent-owned Galan projects have a solid resource base of high-grade lithium and low impurity levels in the best-known lithium producing region in Argentina.

“We are confident Deceo III will increase our lithium inventory given our previous work and the short distance to the drill hole Galan completed at Pata Pila.

‘Despite the constrains of the current COVID-19 pandemic, we continue to advance all the conceptual models of our Scoping and Pre-Feasibility Studies.

“We have commenced preparations to undertake additional laboratory test work to process our brine into battery grade lithium carbonate once the restrictions are lifted in Argentina and Chile.”

 

Web: www.galanlithium.com.au

 

Galan Lithium Releases High-Grade Hombre Muerto West Lithium Resource

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) released the maiden JORC (2012) reported Mineral Resource estimate for the company’s Hombre Muerto West lithium brine project located in Catamarca province, Argentina.

The mineral resource estimation was undertaken by SRK Consulting (Australasia) and was based upon results from drill holes within Galan’s Pata Pila and Rana de Sal tenement holding at Hombre Muerto West.

The maiden Inferred mineral resource for Pata Pila and Rana de Sal came in at 1.08 million tonnes of contained lithium carbonate equivalent (LCE) at 946 milligrams per litre (mg/l) lithium (no cut off).

Galan Lithium said the numbers had far exceeded its expectations in terms of grade, impurities and size while increasing its total combined mineral resource by 158 per cent from 685,000 tonnes LCE at 672mg/l lithium to 1.77 million tonnes LCE at 837mg/l lithium.

“We are delighted to deliver a JORC reported maiden Resource estimate resulting in an approximate 1.1 million tonnes of LCE product within the HMW project area,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“This Inferred resource helps to consolidate Galan’s Scoping and Pre-Feasibility Study and has exceeded the company’s expectations significantly, further validating the high-grade, low impurity nature of the HMW and Candelas projects.

“With the new combined resource of 1.8 million tonnes of LCE and flexibility of two solid projects, our strategy is now stronger to advance towards commercial development and to demonstrate the economic product viability.

“I look forward to updating investors on the progress of our Scoping and Pre-Feasibility study.”

Galan Lithium signalled further work is to come to better define the synergies of the mineral resources from its Candelas and HMW projects that will include additional drilling within the HMW and the Candelas North project areas to provide better geological definition and mineralisation potential of the aquifers.

Additional works will include the new HMW resource for inclusion in the Scoping and Pre-Feasibility Study which will include base hydrogeological modelling and the investigation of various processing technologies with a focus on traditional evaporation ponds as a precursor to processing.

Galan has recently acquired the option to purchase strategic projects (Del Condor and Pucara de Salar) at HMW from Portofino Resources.

 

Web: www.galanlithium.com.au

 

THE DAILY ROADHOUSE

 

NTM Gold Encounters Further High-Grades to Increase Hub Strike

THE DRILL SERGEANT: NTM Gold (ASX: NTM) increased the mineralised strike at the Hub prospect within the company’s 100 per cent-owned Redcliffe gold project near Leonora in Western Australia.

Middle Island Kicks Off Major Sandstone Drilling Campaign

THE DRILL SERGEANT: Middle Island Resources (ASX: MDI) has commenced the first in a planned series of drilling programs to be undertaken at the company’s 100 per cent-owned Sandstone gold project in Western Australia.

Matsa Resources Releases Final Red October First Round Drill Results

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) announced results from the final three holes of grade-control drilling undertaken at the company’s Red October gold mine in the Eastern Goldfields of Western Australia.

Galan Lithium Returns ‘Remarkable’ Lithium Results From Hombre Muerto

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) added to previous news with the announcement of another exceptional lithium assay result from the company’s Hombre Muerto lithium brine project in Argentina.

 

Galan Lithium Returns ‘Remarkable’ Lithium Results From Hombre Muerto

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) added to previous news with the announcement of another exceptional lithium assay result from the company’s Hombre Muerto lithium brine project in Argentina.

The latest result came, once again, from the project’s Rana de Sal tenement.

Galan Lithium claimed the result confirms previous substantial intercepts in drill data of high-grade/low-impurity lithium bearing brines from the Western Tenement project areas.

The Rana de Sal license covers large alluvial fan areas covering part of the western margin of the Hombre Muerto salar.

Galan Lithium performed an airlift test, that provides an average grade for the drill hole, of 72 hours duration retrieving brine from between the intervals of 100 metres to 433 metres.

The air lift test sample returned 1,010 milligrams per litre (mg/l) lithium over an interval greater than 330m to confirm an outstanding grade average for drillhole RS-01-19 at Rana de Sal.

The results are the highest lithium grade reported by Galan on any drill hole at Hombre Muerto.

The company indicated its next phase of test work will be to more accurately determine the flow rates from the aquifer.

“We are delighted by these significant Rana de Sal results,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“On the back of the recent Pata Pila testing, we are very excited as we are now thinking of a potential new project that could be as important as the Candelas project.

“The results will be reviewed by our team as part of our scoping and pre-feasibility studies shortly after the resource estimate for the Western Tenements is finalised.”

 

Web: www.galanlithium.com.au

 

THE DAILY ROADHOUSE

 

Northern Minerals Samples Encouraging Copper Results at John Galt

THE DRILL SERGEANT: Northern Minerals (ASX: NTU) achieved high-grade copper assays following a selective rock chip sampling program at the company’s 100 per cent-owned John Galt project, Kununurra in the East Kimberley region of Western Australia.

Musgrave Minerals Continues to Line Up Gold Hits at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported further high-grade gold results from reverse circulation (RC) drilling at the company’s Cue gold project in the Murchison district of Western Australia.

Galan Lithium Confirms Pata Pila Lithium Grades

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announce further lithium assay results from recent sampling performed at the Pata Pila tenement within the company’s Hombre Muerto lithium brine project in Argentina.

 

Galan Lithium Confirms Pata Pila Lithium Grades

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announce further lithium assay results from recent sampling performed at the Pata Pila tenement within the company’s Hombre Muerto lithium brine project in Argentina.

Galan Lithium described the results a “outstanding” and indicated they would assist in the continued estimation of lithium brine resources at the Western Basin of the Hombre Muerto salar.

The Pata Pila license covers large alluvial fan areas covering part of the western margin of the Hombre Muerto salar.

Galan said the results had confirmed intercepts encountered by previous drilling of high-grade/low-impurity lithium bearing brines from the Western Tenement project areas.

The company carried out an airlift test of 72 hours retrieving brine from between the intervals of 40 metres to 718.5m, explain that this provides an average grade for the drill hole, which is host to three main lithological units (sands, conglomerates and porous halites) that are the brine bearing aquifers that are estimated to combine to a total of between 350 to 400m in width.

The 72 hour air lift test sample returned 946 milligrams per litre lithium (mg/l Li) over a 670 metre-plus interval confirming exceptional grade average for drillhole PP-01-19 at Pata Pila.

The company said its next phase of test work will be to more accurately determine the flow rates from the aquifers.

“We are delighted with these results,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“Galan continues to show that its Hombre Muerto projects have potentially the right recipe for a commercial scale project, as well as being one of the highest-grade lithium brine projects in the world.

“Furthermore, we are encouraged by the confirmation of Pata Pila’s high-grade and low impurities and the effect on a large section of high-grade brines, which could add significant inventory to the previously reported Candela’s resource of 685,000 tonnes of LCE”.

 

Web: www.galanlithium.com.au

 

Galan Lithium to Commence Resource Definition Geophysics

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) is about to commence geophysical CSAMT (Controlled Source Audio‐frequency Magnetotellurics) surveys over the company’s Pata Pila and Rana del Sal projects in Aregntina.

Galan Lithium said the CSAMT surveys would assist in the estimation of potential lithium brine resources at the Western Basin of the Hombre Muerto salar in Argentina.

The company’s Rana de Sal and Pata Pila licenses cover large alluvial fan areas covering the western margin of the Hombre Muerto salar.

Recent drilling undertaken by Galan targeted single lines of highly conductive CSAMT anomalies recorded from previously completed surveys.

The company was encouraged by drilling that returned intercepts of high-grade/low-impurity lithium bearing brines.

The results from Pata Pila confirmed high-grades with all samples returning lithium grades greater than 900mg/l lithium with low impurity levels.

“Several lines of CSAMT surveying, additional to the existing lines…will be conducted across the alluvial fans at both Pata Pila and Rana del Sal,” Galan Lithium said in its ASX announcement.

“The surveys aim to map conductivity contrasts to assist in identifying the extent of lithium‐bearing brine aquifers and to define the geometry and depths to basement.”

The surveys are to be conducted by the company’s geophysical consultants Quantec Geoscience Ltd that previously conducted the surveys over the nearby Candelas channel at Hombre Muerto where Galan recently announced a maiden resource.

 

Web: www.galanlithium.com.au

 

THE DAILY ROADHOUSE

TODAY’S NEWS HOT OFF THE ROADHOUSE 

 

Galan Lithium Confirms High Grades in Argentina

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) informed the market on progress of its current drilling program underway at the company’s Western Basin projects, located on the Hombre Muerto salar in Argentina.

 

St George Mining Confirms Nickel-Copper Sulphide Discovery

THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced that laboratory assays have confirmed a healthy intersection of high-grade nickel-copper sulphides at the Radar prospect – the latest discovery at the company’s Mt Alexander project, located in the north-eastern Goldfields of Western Australia.

 

Musgrave Minerals Drills and Rock Chips High-Grade Gold at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported on recent activity undertaken at the company’s Cue gold project in the Murchison district of Western Australia.

 

Galan Lithium Confirms High Grades in Argentina

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) informed the market on progress of its current drilling program underway at the company’s Western Basin projects, located on the Hombre Muerto salar in Argentina.

Galan Lithium said the drilling has confirmed that initial results from the maiden drilling program at Rana de Sal and Pata Pila have intercepted several heavy brine bearing aquifers in both holes completed to date.

The Rana de Sal and Pata Pila licences both cover large alluvial fan areas lying adjacent to Livent Corporation’s (NYSE: LVHM) tenure, covering the western margin of the Hombre Muerto salar.

Drilling targeted highly conductive CSAMT (Controlled Source Audio-frequency Magnetotellurics) anomalies recorded from surveys Galan previously completed in September last year, which it believes represent the extension of Livent’s brine producing aquifer for their Fenix operation.

Galan declared the results from Pata Pila confirm the high-grade nature with all samples returning lithium grades greater than 900mg/l lithium (Li) with low levels of magnesium/lithium (Mg/Li).

These grades were encountered within very wide brine intercepts, which Galan has interpreted to indicate the potential for a substantial new Resource at Pata Pila.

“We are delighted with the interim grades in excess of 1,000 milligrams per litre lithium with low impurities at Rana de Sal, being the highest-grade samples returned by Galan to date,” Galan Lithium managing director Juan Pablo Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“This augurs well for potential new, very high-grade resources for the Western Tenements which would greatly complement our recently reported maiden resource from Candelas.

“These high-grade, low impurity results are the key outstanding factors that differentiate Galan and strengthens our view that the company’s projects have excellent development potential at Hombre Muerto.”

 

Web: www.galanlithium.com.au

 

Galan Lithium (ASX: GLN)

THE CONFERENCE CALLER: Galan Lithium Limited (ASX: GLN) released the maiden JORC (2012) compliant Mineral Resource estimate for the Candelas lithium brine project located in Catamarca province, Argentina.

The indicated mineral resource estimate for the higher grade Candelas North zone is 684,850 tonnes of
contained lithium carbonate equivalent (LCE) product grading at 672mg/l lithium(at 500mg/l Li cut off).

The company said the Indicated Resource forms a solid basis for an upcoming Pre-Feasibility Study and has exceeded its expectations by further validating the high-grade, low impurity nature of the Candelas project and our strategy to fast-track Candelas towards commercial development.

With further drilling, Galan is confident of delivering future upgrades to this resource.”

The Resources Roadhouse was able to catch up with Galan Lithium managing director at the recent RIU Resources Roadshow in Melbourne.

CLICK ON THE PIC BELOW TO VIEW VIDEO

Galan Lithium also recently announced preliminary assay results from its maiden drill hole at Pata Pila, which forms part of the company’s Western Basin projects located on the Hombre Muerto salar in Argentina.

Galan Lithium’s Pata Pila licence covers a large alluvial fan adjacent to Livent Corporation’s (NYSE: LVHM) tenure covering the western margin of the Hombre Muerto salar.

The drillhole intercepted several brine horizons varying from 25m to 258m in thickness and was completed at 718 metres after encountering basement at a depth of 713 metres.

Preliminary results from four samples returned consistent, high lithium grades greater than 900mg/l lithium with low impurity levels.

Galan Lithium is confident that Galan has the potential to increase its lithium resource inventory beyond its Candelas project.

 

Web: www.galanlithium.com.au