Galan Lithium Ltd (ASX:GLN) has received the final assays from its third drill hole (C‐03‐19) at the Candelas lithium brine project in Catamarca province, Argentina.
The drill hole is about 2.5 kilometres south of the maiden drill hole (C‐01‐19) which provided outstanding results including an intercept of 192 metres at 802 mg/litre lithium with low impurities.
READ: Galan Lithium confirms high lithium grade at Candelas; second drill hole underway
Following downhole geophysical logging, several packer tests were performed and samples collected and sent for analyses.
Field tests and logging indicated a substantial intercept of brine where assays confirmed an exceptional intercept of 143 metres at 784 mg/litre lithium from 311 metres to 454 metres.
Furthermore, impurity levels continue to return low values with a magnesium to lithium ratio of about 2.70 similar to those observed at the nearby Livent Corp’s (NYSE:LTHM) and Galaxy Resources’ (ASX:GXY) Sal de Vida operations.
Drillhole C‐04‐19
Drillhole 4 (C‐04‐19) has now been completed to 488 metres.
Field tests indicated a moderately conductive brine horizon intercepted over 117 metres from 371 metres to 488 metres (end of the hole).
Downhole geophysics will be performed, and samples collected over the interval.
Following sampling of drill hole C‐04‐19 the rig will be moved north with drilling to focus on resource definition in the northern Candelas channel area.
Permitting for further drilling beyond the initial five holes approved is advanced and is expected in the near term.
The results to date confirm that a potentially substantial volume of high quality, low impurity lithium bearing brine exists over a large area and Galan remains on target to define a resource in Q3 this year.