Galan Lithium: Resource Definition Geophysics to Commence at Western Basin Projects

ID: 1553971
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(businesspress24) - HOMBRE MUERTO LITHIUM BRINE PROJECT, ARGENTINA

- Conductivity surveys to commence at Pata Pila and Rana del Sal
- Results to assist company consultants SRK (Australia) to estimate maiden resources for the Western Basin projects
- Previous assays from drilling at Pata Pila and Rana del Sal confirms high Li grade/low impurity brines

15 November 2019, Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce that geophysical CSAMT (Controlled Source Audiofrequency Magnetotellurics) surveys over the Pata Pila and Rana del Sal projects to assist in the estimation of potential lithium brine resources at the Western Basin of the Hombre Muerto salar in Argentina will commence shortly.

The Rana de Sal and Pata Pila licenses cover large alluvial fan areas lying adjacent to Livent Corporations (NYSE: LVHM) tenure, covering the western margin of the Hombre Muerto salar. Recent drilling targeted single lines of highly conductive CSAMT (Controlled Source Audiofrequency Magnetotellurics) anomalies recorded from surveys previously (green lines in Figure 1). Previously reported results from the drilling proved to be highly encouraging returning significant intercepts of high grade/low impurity lithium bearing brines (ASX:GLN releases 11 September, 9 October 2019). The results from Pata Pila confirmed high grades with all samples returning lithium grades >900mg/l Li with low levels of Mg/Li at <2.0 (Table 1). Sampling from the drilling of part of the aquifer at Rana del Sal returned a lithium grade section of 39m >1,000mg/l Li also with low impurity levels (Table 2).

Table 1: Laboratory and field test results, drill hole PP0119
SamplFrom To S.G. Cond. Li Mg Mg/Li
e (m) (m) (mg/l(mS/Cm2mg/l mg/l
) )
No.
607 99 121 1.220>200 938 1,3381.43
608 Failed Test
609 254 301.51.222>200 902 1,5701.74
610 493 541 1.219>200 902 1,4401.60


611 544 580 1.221>200 909 1,3881.53
612 582 647 1.200>200 948 1,5461.63
613 651 718 1.200>200 933 1,4651.57

Table 2: Laboratory and field test results, drill hole RS0119
SamplFrom To S.G. Cond. Li Mg Mg/Li
e (m) (m) (mg/l(mS/Cm2mg/l mg/l
) )
No.
614 32 80 1.100>200 441 883 2.00
615 83 122 1.210>200 1,0431,8331.76

Several lines of CSAMT surveying, additional to the existing lines seen in figure1, will be conducted across the alluvial fans at both Pata Pila and Rana del Sal. The surveys aim to map conductivity contrasts to assist in identifying the extent of lithiumbearing brine aquifers and to define the geometry and depths to basement. The surveys are to be conducted by the Companys geophysical consultants Quantec Geoscience Ltd (Quantec). Quantec previously conducted the surveys over the nearby Candelas channel at Hombre Muerto where Galan recently announced a maiden resource (ASX: GLN 1 October 2019).

Resource estimation work will be conducted by the Companys independent consultants SRK (Australia) utilising their Australian and Argentinian based teams.
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Figure 1: Galan Lithium Limiteds Western Basin Projects, Hombre Muerto salar, Argentina

For further information contact:

Juan Pablo (JP) Vargas de la Vega Managing Director
Galan Lithium Limited
Email: jp(at)galanlithium.com.au
Tel: +61 8 9322 6283

Media
David Tasker
Chapter One Advisors
E: dtasker(at)chapteroneadvisors.com.au
Tel: +61 433 112 936

Nathan McMahon
NonExecutive Chairman, Galan Lithium Limited
Email: nathan(at)galanlithium.com.au
Tel: +61 8 9322 6283

Colin Jacoby
Chapter One Advisors
E: cjacoby(at)chapteroneadvisors.com.au
Tel: +61 439 980 359

Level 2, 38 Richardson Street, West Perth, WA 6005
PO Box 396, West Perth, WA, 6872
Ph. +61 8 9322 6283
Fax. +61 8 9322 6398
www.galanlithium.com.au
ABN: 87 149 349 646

About Galan

Galan is an ASX listed company exploring for lithium brines within South Americas 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 Corporations El Fenix operation and Galaxy Resources and POSCOs Sal de Vida projects. Galans primary target is the adjoining Candelas channel target, a ~15km long by 35km wide valley filled channel which project geophysics and drilling have indicated the potential to host a substantial volume of brine and over which a maiden resource estimate has recently been conducted.

Competent Persons Statement

The information contained herein that relates to Exploration Results is based on information compiled or reviewed by Dr Luke Milan, who has consulted to the Company. Dr Milan is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Persons as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Milan consents to the inclusion of his name in the matters based on the information in the form and context in which it appears.

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Date: 11/15/2019 - 08:43
Language: English
News-ID 1553971
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