Galan ready to drill at Greenbushes South, down the road from world’s richest lithium mine

Fresh off its consolidation of one of the hottest lithium exploration properties in WA, Galan is ready to drill for the first time down the road from the Greenbushes mine.

Galan (ASX:GLN), also the owner of the 5.8Mt LCE Hombre Muerto West brine deposit in Argentina, completed the acquisition of the Greenbushes South spodumene project this month after purchasing the last 20% it didn’t already own from JV partner Lithium Australia (ASX:LIT).

The tenement package starts just 3km south of the Greenbushes mine, the world’s largest and highest grade hard rock lithium deposit owned by industry giants Albemarle, Tianqi and IGO (ASX:IGO).

Now the wait for drilling is over, with a maiden program at the newly defined Fry’s Block prospect scheduled to begin in January pending the receipt of program of work approvals.

“We are very excited by the identified opportunity at the newly defined Fry’s Block which follows our extensive fieldwork, geochemical and geophysical data analysis,” Galan managing director JP Vargas de la Vega said.

“We now have three highly prospective targets, land access, a drilling contractor and ideal weather conditions ready for our maiden drilling campaign at our fully owned Greenbushes South Lithium Project.

“We expect these initial targets to be the first of many planned in one of the world’s most renowned lithium districts.”

Potential pegmatites

The five-hole program will test three interpreted pegmatite targets on E70/4790 at Fry’s Block, following recent fieldwork campaigns which included encouraging geophysics and soil sampling results.

It is located just 3km from Greenbushes, a former tin deposit which has produced lithium and tantalum at growing quantities since 1983 and boasts the highest grade spodumene deposit identified anywhere in the world at ~2% Li2O.

Its tailings are so rich that at 1.3% Li2O they outstrip the grade of many operating primary lithium mines.

The potential pegmatite targets at Fry’s Block are thought to be part of a more extensive, interfingering geologic system.

Diamond drilling has been chosen as the optimum method to capture the sample and geometry of the pegmatites, details of their magmatic histories and any potential irregularities in grade distribution.

Additional ground geophysics is planned as a follow-up in E70/4790 to historical and pending soil transects to aid in the identification of blind pegmatites at depth.

This article was developed in collaboration with Galan Lithium, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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