Galan Lithium (ASX:GLN) Receives Stage 2 Drilling Permits for Candelas Project
Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce it has now received permits from the Secretaria de Estado de Minería ? Gobierno de Catamarca (the authority that approves drilling permits in Catamarca, Argentina) for its stage 2 drill programme at the Candelas Lithium Brine Project located on the Hombre Muerto salar in Argentina.
- GLN has received permits for six (6) new drillholes at Candelas. The drilling will focus on the northern section of Candelas with the aim to define a maiden resource during Q3 2019.
- Drillhole C?05?19 has now been completed at 380m with downhole geophysics and packer testing confirming a heavy brine horizon over 140m from 240m to 380m. Brine samples recorded high specific gravity readings and conductivities in excess of the capacity of the field instruments (being 200 mS/cm). Samples have been sent to the laboratory for analyses.
- Results from Drillhole C?04?19, located over 3km south of C?05?19, show the presence of an extensive but low?grade brine horizon with similar low impurity levels to those encountered in the north. An interval of 117m @ 141 mg/l Li, including 58m @ 203 mg/l Li, was returned (Table 1).
- Drillhole C?06?19 is located ~1.5km southeast of C?05?19 with drilling to commence immediately.
Galan’s Managing Director, Juan Pablo (“JP”) Vargas de la Vega said, “This is a great step for Galan in Argentina. Once again, obtaining the drilling permits for our stage 2 campaign reflects the Company’s teamwork and experience in Argentina and Australia and Galan remains on track to unlock the significant lithium potential at Candelas, with a potential maiden resource now in sight”.
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