Galan Lithium Limited: Exceptional Grade Confirmed at Pata Pila with 946mg/l Li Hombre Muerto Lithium Brine Project, Argentinia

ID: 1555219
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(businesspress24) - - 72 hour air lift test sample returned 946 mg/l Li over a >670m interval confirming exceptional grade average for drillhole PP-01-19 at Pata Pila.

- Mg/Li averages of 1.49 are the lowest levels of impurity to date reported byGalan on a drill hole at Hombre Muerto.

- Rana de Sal samples delivered at the labs and awaiting results.

- Maiden Resource Estimate for the Western Tenements expected Q1 CY2020.


Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce further outstanding lithium assay results from recent sampling performed at its Pata Pila tenement. These results will assist in the continued estimation of lithium brine resources at the Western Basin of the Hombre Muerto salar in Argentina. The Pata Pila license covers large alluvial fan areas lying adjacent to Livent Corporations (NYSE: LVHM) tenure, covering part of the western margin of the Hombre Muerto salar (Figure 1).

These results confirm previous significant intercepts in drill data of high grade/low impurity lithium bearing brines from the Western Tenement project areas (ASX:GLN releases 11 September, 9 October and 19 December 2019).

An airlift test of 72 hours was performed retrieving brine from between the intervals of 40m to 718.5m. This provides an average grade for the drill hole, which is host to three main lithological units (sands, conglomerates and porous halites) that are the brine bearing aquifers that are estimated to combine to a total of between 350-400m in width. See ASX:GLN release 11 September 2019 for PP-01-19 drill logs. The next phase of test work will be to more accurately determine the flow rates from the aquifers.

Table 1: Pata Pila 72 hours air lift lab results
DrillhoSamplFrom To S.G. Cond. (Li mgMg mgMg/Li
l e (m) (m) ( m / /
e mg/l)S/Cm2) l l
No.
PP-01-1632 40 718.51.22 >200 946 1,4121.49


9

Rana de Sal samples have been delivered to the labs with assay results pending. The data from these holes will be used for the maiden resource estimate of the Western Tenements, which is expected during Q1 CY2020.

Commenting on the Pata Pila results, Galan Managing Director, Juan Pablo Vargas de la Vega said: We are delighted with these results. Galan continues to show that its Hombre Muerto projects have potentially the right recipe for a commercial scale project, as well as being one of the highest grade lithium brine projects in the world. Furthermore, we are encouraged by the confirmation of Pata Pilas high grade and low impurities and the effect on a large section of high-grade brines, which could add significant inventory to the previously reported Candelas resource of 685kt of LCE.

https://www.irw-press.at/prcom/images/messages/2020/49756/2018662_PRCOM.001.jpeg


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

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

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 3-5km 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.

Link to the full release: https://www.asx.com.au/asxpdf/20200113/pdf/44d6t9mlddxx98.pdf






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Date: 01/14/2020 - 01:47
Language: English
News-ID 1555219
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