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- Galan Lithium (GLN) completes the first drill hole in its latest campaign at Hombre Muerto West (HMW) lithium project in Argentina
- The diamond drill hole, PP-02-22, was completed at Pata Pila to a final depth of 450m and was designed to provide key geological data for testing extension to the existing HMW project mineral resource
- Key results includes confirmation of the conceptual geological model for the upgradient portion of the Pata Pila alluvial fan, corresponding to a thick sedimentary sequence
- The results from PP-02-22 delivers substantial confirmation of, and further potential upside to, the mineral resource estimate at the HMW project
- GLN shares are up 4.67 per cent, trading at $2.24
Galan Lithium (GLN) has completed the first drill hole in the latest drilling campaign at its wholly-owned Hombre Muerto West (HMW) lithium project, in Catamarca Province, Argentina.
The diamond drill hole, PP-02-22, was completed at Pata Pila to a final depth of 450m and was designed to provide key geological data for testing extension to the existing HMW project mineral resource, in both horizontal and vertical dimensions, from the salar limits.
Galan said the key purpose of PP-02-22 was to extend knowledge in the Pata Pila licence area so as to build out the hydrogeological models required to confirm reserve estimates at HMW.
The Pata Pila licence covers large alluvial fan areas adjacent to Livent Corporation’s tenure in the region.
“This exploration diamond hole has further unlocked the potential of the world-class lithium brine resource held at the HMW project,” said Managing Director, Juan Pablo Vargas de la Vega.
“The results have enhanced our hydrogeological modelling, a key to confirmation of reserve estimates, and delivered further mineral resource upside at HMW.”
Mr Vargas de la Vega also confirmed the company is looking to “aggressively” drill the potential HMW mineral resource expansion zones through the rest of 2022.
Downhole geophysical logging using Nuclear Magnetic Resonance was undertaken to provide an accurate porosity and pore size distribution of the sediments, among other variables.
Key results included confirmation of the conceptual geological model for the upgradient portion of the Pata Pila alluvial fan, corresponding to a thick sedimentary sequence (435 metres). Therefore, the results from PP-02-22 have delivered substantial confirmation of, and further potential upside to, the mineral resource estimate at HMW.
Following the recent construction of the first evaporation pond (S1) Galan said brine filling is almost complete and evaporation testing ready to commence. This is another major milestone given that it marks the commencement of large-scale piloting activities at HMW.
GLN shares were up 4.67 per cent, trading at $2.24 per share as of 11:25 am AEST.
