Galan drillhole unlocks pleasant surprise… more lithium brines
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Galan’s drill program at the Hombre Muerto West lithium brine project in Argentina is off to a rousing start with the first hole indicating further brine potential.
Excellent recovery of cuttings at hole PB-01-21 revealed that at least 40m of previously interpreted halite (rock salt) is actually composed of unconsolidated conglomerates and interbeds of silt and clay that could host more lithium brines.
This is particularly intriguing for Galan Lithium (ASX:GLN) as the result will enable it to update its previous conservative lithology interpretations at Pata Pila licence that were hampered by poor recovery of cuttings and based on downhole geophysical data.
Not bad for a hole that will be used by the company for pumping tests that will help build the hydrogeological model required as part of the reserves estimation work.
“The initial results from this current drilling campaign have opened up even more potential for our volumes and flow rates at Pata Pila and the other HMW areas. It is very exciting to say the least,” managing director Juan Pablo Vargas de la Vega said.
The company is now planning a general passive seismic survey at the project to help resolve the stratigraphy between drill holes and update its resource estimates.
Galan’s drilling at HMW is aimed at converting some of its existing high-grade resource into a maiden reserve.
It also seeks to test flow rates and new undrilled areas to firm-up and increase resources.
HMW currently hosts a resource of 2.3 million tonnes lithium carbonate equivalent at a grade of 946mg/l lithium.
This article was developed in collaboration with Galan Lithium, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.