Argentinean lithium brine explorer Galan Lithium (ASX:GLN) has received final assays from its third drillhole in the crowded Hobre Muerto salar region, with its project shaping up as a potential battery minerals giant.
Final results from the third drillhole have returned 143 metres of brine, measuring 784 miligrams per litre of lithium.
Brines were encountered at a depth of 311m to 454m.
The assays elaborate on initial intersections which confirmed the brines were highly conductive and therefore prospective for lithium.
Galan is quick to note that its lithium contains very low impurities with a magnesium to lithium ratio of approximately 2.70.
These low impurity results are similar to other Hombre Muerto returns from major players such as ASX market darling Galaxy Resource and the NYSE-listed Livent.
The results paint a picture of a large-scale brine project with the third drillhole located 2.5km from the company’s maiden drilling – which delivered some spectacular results and sent the Company’s share price skyward.
Meanwhile the Company has completed its fourth drilling operation approximately 5.3km from its initial hole and 3km south of the third hole.
The latest drilling has been completed to a depth of 488m and encountering moderately conductive brines, with assays pending.
Galan has said it will now move its drilling rig north to focus on infill drilling for resource definition.
A maiden JORC resource is anticipated in Q3 this year.