GLN 3.13% 16.5¢ galan lithium limited

Now that the results for Drillhole 8 have been released they...

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    https://hotcopper.com.au/data/attachments/1650/1650973-155eb4b5309dd0e01c03f183b6ff5034.jpg


    Now that the results for Drillhole 8 have been released they impressively confirm the last prediction model.
    The prediction with a specific gravity of 1.162 was 668 +/-90 mg/l Li which has now been confirmed to be at 655 mg/l, so within 2%.
    Even better, a 72h-pumping test delivered a concentration of 744 mg/l, which would correlate to 746mg/l in the prediction model.

    https://hotcopper.com.au/data/attachments/1650/1650975-b289c238d8bbca1ff00e855d0db8f1d4.jpg

    What really struck me with the latest ANN was the remark:
    "This indicates a minimum 3.5km strike and 2.5km widthextent in this northern portion of Candelas."
    Have a look at the map above how minuscule this area is (yellow dotted line) compared to the total landholdings.

    Yes, DH 2 and 4 were not in the 500+ ballpark, but AGY is approaching business with such grades and much worse impurities / unfavorable Li:Mg ratio. Considering fumaroles and horst-graben structures I would categorize Candelas Central as rather unexplored and obviously the South as completely unexplored.

    Bring on the maiden JORC - we can work from there..

 
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