- Galan Lithium (GLN) discovers an outcropping pegmatite extending for 500 metres at its Greenbushes South project in WA
- The company says the newly-discovered pegmatite covers a 500-metre by 400-metre area and remains open along strike, building on a pegmatite discovery announced last month
- Mapping and sampling work are ongoing at the project and a pilot study is about to begin, with all activities to support a maiden drilling program
- The Greenbushes South project is held in an 80:20 joint venture with ASX-listed Lithium Australia (LIT), with Galan owning the majority stake
- Galan Lithium shares are up 3.38 per cent to $1.23 at 10:35 am AEST
Galan Lithium (GLN) has discovered an outcropping pegmatite that extends for 500 metres at its Greenbushes South project in Western Australia.
The company is undertaking exploration activities at the project, which is held in a joint venture with Lithium Australia (LIT). Galan owns 80 per cent of the joint venture, and LIT owns the remaining 20 per cent.
The newly-discovered pegmatite covers three main outcrops spanning an area of approximately 500 metres by 400 metres and remains open along strike. This discovery builds on the recent pegmatite discovery covering 200 metres by 40 metres announced in June.
In relation to the June pegmatite discovery, Galan has received the first lot of geochemical assays from soil sampling. Results confirm anomalous concentrations of up to 215 parts per million (ppm) lithium, as well as pathfinder elements such as arsenic and caesium.
Galan Managing Director JP Vargas de la Vega said the initial results at Greenbushes South had been “excellent”.
“The team is understandably excited about the fact that airborne geophysical targeting has successfully driven our field mapping and sampling focus and already led to multiple new sizeable pegmatite outcrops being discovered,” he said.
“Today’s results take us a step further. We now have confirmation of anomalous lithium concentration levels in the soil samples that were taken over the initial pegmatite discovery at the GS11 target zone.”
The company is waiting on a further 170 assays from the soil sampling program, as well as those for 15 rock chip samples taken from the earlier-mapped pegmatite outcrop.
Galan also completed a geophysical pilot study at Greenbushes South, with results expected in the coming weeks. The company said it planned to complete a resistivity study in the next few weeks to help define the orientation of pegmatite at depth.
These exploration activities are planned to support an initial drilling program.
Galan Lithium shares were up 3.38 per cent to $1.23 at 10:35 am AEST.