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Galan Lithium Ltd

Galan Lithium gains permits for maiden drilling of Western Basin in Argentina

The company is exploring for lithium brine within South America’s Lithium Triangle on the Hombre Muertos alar in Argentina.

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Galan Lithium’s targets in the Western Basin

Galan Lithium Ltd (ASX:GLN) has received permits to conduct a maiden drilling program over its Western Basin projects on Argentina's Hombre Muerto salar, which hosts high-grade and low impurity lithium deposits.

The permits have been granted by Secretaria de Estado de Mineria – Gobierno de Catamarca, the authority that approves drilling permits in Catamarca, Argentina.

Galan has been granted permits to drill a total of 14 holes plus five water bores within 18 months.

Work to enable access to the site to prepare for drilling is underway and drilling is expected to begin after this is completed.

READ: Galan Lithium hits more high-grade brine at Candelas project in Argentina

The drilling will target highly conductive anomalies recorded from controlled-source-audio-frequency-magnetotellurics (CSAMT) surveys completed in late September last year.

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

This drilling follows recent completion of the initial resource drilling phase over the Candelas project in the southeast region of Hombre Muerto salar.

Targets of the program include Pata Pila and Rana de Sal.

Pata Pila covers a large alluvial fan along the western margin of the salar with the geophysical profile showing an upper, horizontal conductive layer of 2 kilometres being compatible with geological units interpreted to contain brines.

READ: Galan Lithium to test ion exchange technology for lithium brine processing at Candelas project

Rana de Sal covers an alluvial fan area interpreted to overlie the salar with the geophysical profile showing a highly conductive response over 1.5 kilometres that is compatible with units interpreted to contain brines.

The eastern end shows the conductive anomaly remaining open as the line enters the salar in the area where Livent Corp (NYSE:LTHM) has its operations.

Hombre Muerto is proven to host the highest grade and lowest impurity  levels  within  Argentina  and  is  home  to  Livent  Corp's  El  Fenix  operation  and  Galaxy Resources Limited (ASX:GXY) and POSCO’s (NYSE:PKX) Sal de Vida project.

Quick facts: Galan Lithium Ltd

Price: $0.19

Market: ASX
Market Cap: $24.95 m
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Galan Lithium Ltd (ASX:GLN) managing director JP Vargas speaks to Proactive Investors about the explorer’s potentially large scale Salar de Hombre Muerto Lithium Project in Argentina’s Catamarca Province, also known as the ‘lithium triangle.’ “The Hombre Muerto basin is one of the best...

on 08/28/2018

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