Galan Lithium gains drilling approval within Argentina's Lithium Triangle

By Justin Ware. Published at Dec 14, 2018, in Mining

South America-focused explorer, Galan Lithium (ASX:GLN), has now received permits from the Secretaria de Estado de Mineria – Gobierna de Catamarca (the body that approve drilling permits in Catamarca, Argentina) to undertake drilling at its Candelas Lithium Brine Project.

By way of background, GLN is exploring for lithium brines within South America’s Lithium Triangle on the Hombre Muerto salar in Argentina. Hombre Muerto is proven to host the highest grade and lowest impurity levels within Argentina and is home to Livent Corporation’s El Fenix operation and Galaxy Resources and POSCO’s Sal de Vida projects.

GLN's primary target is the adjoining Candelas channel target, a ~15km long by 3‐5km wide valley filled channel which has the potential to host a substantial volume of brine.

Field activities have already begun in preparation for drilling at Candelas.

Galan's Hombre Muerta projects

GLN will now undertake the process of awarding a number of contracts to local bodies to perform drilling, camp establishment, OH&S and technical assistance. The company has indicated it remains committed to sourcing and contracting locals of the Catamarca Province for its operations.

Initial drill holes will test the previously generated geophysical model and provide a detailed data analysis to over 400 metres deep on the stratigraphy within the Candelas channel.

The maiden drill program will comprise of five holes, which will be drilled over ~12-15km along the extent of the Candelas channel.

GLN managing director Juan Pablo Vargas de la Vega, commented on today's update: “This is a significant step forward for Galan in Argentina. Obtaining the drilling permits for our maiden campaign is a reflection of the company’s teamwork and experience in Argentina and Australia.

“The company is fully committed to swiftly unlocking the significant lithium potential at Candelas and we are now focused on finalising all the required activities needed to prepare for drilling which will start early in the New Year.”

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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