Galan flags potential targets at Greenbushes South lithium JV
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Galan Lithium’s geophysical pilot study at its Greenbushes South Lithium joint venture with Lithium Australia (ASX:LIT) in WA has returned possible targets for follow-up.
The Deep Ground Penetrating Radar (DGPR) survey focused on the Donnybrook-Bridgetown Shear Zone (DBSZ) and results have confirmed its extension to 40-50m depth onto the JV tenements as well as three potential blind pegmatite-like targets at depth.
Notably, the general location of the targets corresponds to geochemical anomalies of pathfinder elements (arsenic and antimony) in historical surface soil assays.
The company is now undertaking geochemical soil sampling along the surface expression of the DBSZ, and is awaiting assays from over 400 soil samples.
“These geophysical results are exciting as we continue to progress and move forward with exploration on our key tenement holdings in the area,” Galan Lithium (ASX:GLN) managing director Juan Pablo Vargas de la Vega said.
“Whilst the identified potential targets on our Greenbushes South JV ground certainly gives us something to smile about, there is more to do to firm up the big geological picture of the system before we can commence drilling.
“The new data keeps indicating that our tenements are highly prospective for lithium given their proximity to the Greenbushes mine.
“We look forward to updating the market once more data has been gathered from our new geophysics and soil sampling results.”
The company is planning future high-resolution UAV magnetic surveys to identify the target boundaries’ scale and investigate if the program could incorporate other geophysical methods.
Combined with the historical data, Galan is confident that these initial surveys serve as a positive sign for future targeted soil and geophysical surveys along the DBSZ to help identify potential blind pegmatite bodies.
Conservation management plans were submitted in September 2021 to the Department of Biodiversity, Conservation and Attractions to extend access to the DBSZ. Once granted, they will allow the company to undertake further soil sampling, geophysical, and aircore drilling programs.
This article was developed in collaboration with Galan Lithium Limited, 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.