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10.5¢ galan lithium limited

Ann: Drilling Update, page-115

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Double Joy

592 Posts.

75

11/03/19

14:34

Post #: 37720957
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Originally posted by MetalStorm: ↑

I don't want to be mean spirited boys and girls BUT the fact is that the brine was not in the interpreted position as per CSAMT resistivity Profile 4 and the gravity survey would indicate that the basement is only 200 metres below the last reported drill position - which is currently dry ie.e no brine. So I would suggest that if brine is encountered from here on down its not going to have the excellent thickness that was displayed in the maiden hole C-01-19. So I'm not saying that this is a disaster but this is clearly the reason that the Board recently chose to suspend the quotation of the stock so that all prospective and current shareholders would be appraised of the risk that this undoubtedly excellent discovery so far - may not be quite as fantastic as some of you punters are assuming. Any which way, GLN should report on the rest of the hole within the next week when they drill into the basement rock- so we will all know! For your collective information the drill rig we are using has the capacity to drill to a depth of 1,500 metres - so we won't die wondering! GLTA

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Not true MetalStorm

It's all about where the basement is.... if basement is 750m and we have 200m of brine then brines will start at 550m
Pretty simple....

GLN Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
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