GLN 2.00% 12.8¢ galan lithium limited

Ann: Brines Discovered in Maiden Drillhole, page-12

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  1. 6,110 Posts.
    lightbulb Created with Sketch. 1453
    I love the wording....
    normally GLN mgmt. are conservative...but, they are just coming out and saying it.

    We haven't even started yet...

    These early results from the first hole drilled at Candelas confirms the Company’s geological model that
    brine does exist within the feeder channel into Hombre Muerto

    Local representatives of the Company’s independent consultants SRK Australia have reviewed
    the Company’s procedures and are due on site to see the operations firsthand.

    The drilling rates, achieved by Canadian based international drilling company Major Drilling, has also allowed the Company to achieve its initial goals in a very short time frame.

    Commenting on the drilling, Galan’s Managing Director, Juan Pablo (“JP” Vargas de la Vega said from
    Argentina, “We are delighted that we have successfully encountered this amount of brine in ideal host
    sedimentsin our very first drillhole at Candelas. Whilst we still await confirmation that the brine is lithium bearing, the fact that brines even exist in an area not previously thought to be prospective is particularly pleasing and augers well for the continued exploration of the 15km long channel at the project”.

    Nothing but a extremely positive update.
    What's really key for me is they ARE even updating us, they could have waited for lab/drill results.
    Legally they have to UPDATE the market to anything substantial....this looks to be VERY substantial.

    As I've been saying for 6+ months...

    Hombre Muerto is special!!

    IMO
    DYOR!!
 
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