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Galan Lithium Takes Hombre Muerto West Indicated Resource over 2Mt

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

Galan Lithium released the initial Hombre Muerto West resource estimate in March this year, which was subsequently updated by the company’s consultants, SRK Consulting in June to include the acquisition of the Deceo III concession, adjacent to the Pata Pila licence area.

At this time the resource estimate was re-classified from Inferred to Indicated.

SRK has now updated the HMW resource based on Galan’s recent acquisition of the Del Condor concession and a review of specific yield values used in the resource calculations.

The key HMW concessions (Del Condor, Deceo III, Pata Pila and Rana de Sal) have been combined to produce a total indicated resource of approximately 2.3 million tonnes of contained lithium carbonate equivalent (LCE) product grading at 946mg/l lithium (with no Li cut off).

“Being the third largest publicly disclosed resource in the Hombre Muerto and overtaking POSCO, is an amazing milestone,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“This is something we were not even dreaming about when we first started drilling late last year.

“The increase from 1.4 million tonnes to 2.3 million tonnes of LCE at HMW is a huge step up for the project’s economic and technical potential that we will now reflect in our ongoing PEA and scoping studies due for completion in early December 2020.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@galanlithium.com.au

 

Web: www.galanlithium.com.au

 

 

Galan Lithium Takes 100% Ownership of Argentine Projects

THE BOURSE WHISPERER: Galan Lithium (ASX: GLN) has acquired further, important strategic projects alongside the company’s Hombre Muerto West tenements in Argentina.

Galan Lithium announced that it has completed the purchase of 100 per cent interest in the Del Condor and Pucara lithium brine salar projects that abut the Hombre Muerto West tenements.

The Del Condor and Pucara comprise two claim blocks totalling 1,804-hectares and are located within the world-class, Salar del Hombre Muerto, where Livent Corporation (NYSE: LTHM) is currently producing lithium carbonate and Galaxy Resources (ASX: GXY).

Galan has now consolidated HMW that is expected to host a resource with a continuous polygon of approx. 7.5 kilometres strike, up to approx. 2.5km in width and up to 718m in depth as recorded at Pata Pila.

Of note, the projects abut Galan’s Pata Pila, Deceo III and Rana de Sal interests, which currently house an indicated resource of 1.37 million tonnes LCE at 946Mg/L lithium.

“Despite COVID-19 constraints, the team in Argentina has delivered on our original vision from 2017,” Galan Lithium managing director JP Vargas de la Vega said in the company’s announcement to the Australian Securities Announcement.

“HMW is now a significant polygon, the acquisition and the annex of these new tenements consolidates the project as a genuine lithium development in Argentina.

“We look forward to receiving the Resource Update from SRK and including the new data into our PEA/Scoping Study due in Q4 2020.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@galanlithium.com.au

 

Web: www.galanlithium.com.au

 

Galan Lithium to Focus on HMW Project Following Pond Modelling Results

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) has sharpened its focus on the company’s Hombre Muerto West lithium project in Argentina.

Galan Lithium made the adjustment following the completion of preliminary predictive modelling for brine concentration through an evaporation ponds system at the HMW project.

Results indicate concentrate with up to a 4.8 per cent lithium (or 25.6% Lithium Carbonate Equivalent (LCE)) can be obtained including high lithium recovery and low impurities.

Galan declared HMW has the potential to be a world class lithium brines project.

“The preliminary modelling results for HMW confirm that it is a higher priority development project than Candelas,” Galan Lithium managing director JP Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.

“Our efforts are now fully focussed on developing an economic and competitive project at Hombre Muerto West.

“Importantly, due to the project’s high-grade/low-impurity settings, Galan’s HMW project ranks very favourably amongst new developing lithium brine projects in the world-renowned lithium triangle.

“We fully believe in our special project and are primarily focused on proving that HMW can and will be, a future lithium producer.

“We remain on track to deliver our PEA/Scoping Study in Q4 2020.

“We look forward to continuing to optimise results and to test work further solutions once we have our brine delivered to the laboratory.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.galanlithium.com.au

 

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