GLN 8.00% 11.5¢ galan lithium limited

Ann: Geophysical Survey Results Confirm Extensive Brine Potential, page-39

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  1. 6,892 Posts.
    lightbulb Created with Sketch. 2861
    The GEO results blew me away.

    Ya, we all talk a big game but, these results are incredible.
    I was saying and hoping 100-200M but, seriously...to get 10-15 bags out of this and
    get a 80,000k JORC I would have been happy with 50-100m and the odd 150M+

    I thought like many (other companies) who looked at Candelas, that it was just a shallow river basin with maybe a few brine pockets. However, I figured it was long so...It should have "some" brine it there and we'll plot along.  

    DID YOU SEE ALL THAT BLUE in CSAMT – Profile 4!!!!!
    We might get 80k just from that area!

    Every area was covered in blue. Deep too.
    400M-600M in some areas!
    It's a Lake of Brine!!
    The Great lakes (the largest fresh water lakes in the world have an avg. depth of less than 100M
    (http://sciencenorth.ca/mysteriesofthegreatlakes/index.aspx?id=1269)

    I'll let the JORC confirm this but, this ain't no bloody river basin...
    This is a catchment area!
    This is JUST IMO but, I think there's a Lake of Brine between Line 3 and 4 on the Western side.

    There's 10km+ of Brine!
    I'm trying not to get too excited here but, DMI is aiming for a JORC of 80K...I think one needs to start timesing that by a larger number.
    I don't even want to write it down but, GXY SDV had a 5,600,000 JORC  before they sold off the top part for $280M U.S.
    https://www.asx.com.au/asxpdf/20180529/pdf/43vcfjdh9jd6rd.pdf

    *I also give merit to these results as Quantec Geoscience Ltd is the same GEO company GXY used...there drilling/JORC also CONFIRMED the GEO results.
    https://quantecgeo.com/technology/geophysical-technology/


    NOW we just wait for the market to figure this out.
    Then the JORC, to lock it in! (which is 6-12 months away)

    But wait there's more!

    -The Gravity survey will re-confirm these finding and are very due soon!
    -The company has now commenced its permitting procedures to conduct drilling over the project.
    -The company has also recently expanded its position with the addition of a new licence application contiguous with the Candelas leases to the southeast, the Candelas X licence...to increase the size of the project even more.
    -The company is STILL in acquisition mode re- new land.

    What scares me is this is too good...the MC should easily be in the 30-50M range.
    I've never got in this early before.

    All IMO
    You MUST DYOR!!
    (I could be totally wrong and it goes back to 10 cents.)
 
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