- Galan Lithium (GLN) is set to begin its next drilling program at the Hombre Muerto West (HMW) Project in Argentina
- Work can now begin after the company received drilling permits from the authority that approves drilling permits in Argentina
- Preparatory works to access drilling sites have now begun within the Pata Pila and Rana de Sal concessions with drilling equipment arriving on site
- The aim of this drilling is to confirm and expand the current resources and test the dynamics of brine flow rates to estimate a maiden reserve
- Shares in Galan are down 0.92 per cent, trading at $1.08 at 11:10 am AEST
Galan Lithium (GLN) is set to begin its next drilling program at the Hombre Muerto West (HMW) Project in Argentina.
The HMW Project lies on the Hombre Muerto salar within the world-renowned Lithium Triangle and consists of seven concessions.
Work can now begin after the company received drilling permits from the Secretaria de Estado de Minería – Gobierno de Catamarca which is the authority that approves drilling permits in Argentina.
Preparatory works to access drilling sites have now begun within the Pata Pila and Rana de Sal concessions with drilling arriving equipment on site.
The aim of this drilling is to confirm and expand the current resources and test the dynamics of brine flow rates to estimate a maiden reserve.
Managing Director Juan Pablo Vargas de la Vega is pleased to begin drilling at the HMW Project.
“We are pleased to be able to return to HMW, this time to drill for reserves. With our new funding, Galan will also test new undrilled areas aiming to firm up and increase resources,” Mr Vargas de llano Vega said.
“We want to prove that HMW could have a productive well field to support potential production as part of the definitive feasibility study.”
Shares in Galan were down 0.92 per cent, trading at $1.08 at 11:10 am AEST.