Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Grant of Highly Prospective Greenbushes Tenement in Western Australia – E70/4629

by March 16, 2024
March 16, 2024
Grant of Highly Prospective Greenbushes Tenement in Western Australia – E70/4629

Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce the grant of an additional key tenement, E70/4629 targeting lithium-bearing pegmatites. The exploration licence has been granted for a period of 5 years to February 2029. The tenement is approximately 260 km south of Perth, the capital of Western Australia, and less than 30 km south of the Greenbushes pegmatite at the Greenbushes Mine (Talison Lithium). The area covers roughly 43 km2 and expands Galan’s 100% owned tenement package to a total area of 315 km2.

Newly granted tenement (E70/4629) located less than 30 km south of Greenbushes mine
Importantly, tenement contains the historic tin workings associated with lithium-bearing pegmatitesA re-interpretation of historical geophysical data acquired by Galan indicates that the Donnybrook-Bridgetown Shear Zone extends into E70/4629 and may be responsible for the emplacement of pegmatites.Processing of previous airborne geophysical data provides initial exploration targetsMaiden exploration campaign, including hand sampling and ground, geophysics set for H2 2024 over this highly prospective tenure

The Company is excited to commence exploration activities on the newly acquired tenement, leveraging our previously acquired data set of high-resolution radiometric and magnetic geophysical data from the airborne geophysical campaign flown in March 2022 (refer ASX Announcement dated 24 March 2022). Currently, the Company’s primary targets are historic tin workings in the Smithfield pegmatite area in the eastern portion of the tenement. These historic workings provide valuable geological insights and indicate potential spodumene mineralisation patterns within the region. Tin and tantalum are often associated with lithium-bearing pegmatites, and alluvial tins were the precursor to the Greenbushes Mine. Galan’s initial exploration activities will include geologic mapping, soil sampling and rock chipping, as well as ground geophysical surveys set to commence later this year.

Commenting on this important milestone, Galan’s Managing Director, Juan Pablo Vargas de la Vega said ”The grant of this key exploration licence is an important pillar of Galan’s exploration and evaluation activities at Greenbushes South. The tenure is highly prospective and its geological setting gives us the confidence to commence a maiden field campaign at the earliest opportunity. We look forward to updating the market as we advance the project.”

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Missed Out on Micron’s 112% Surge? Here’s Your Second Chance!
next post
R3D Secures Additional Funding

Related Posts

Spectacular Vein Gold Discovery Expands Christmas Gift Shear

May 14, 2024

Gold Price Hits New Record of Over US$2,200...

March 25, 2024

What is De-Dollarization and is it Good or...

February 4, 2025

Prismo Metals’ Los Pavitos Gold Footprint Grows 2.5...

February 24, 2024

WA Government Awards $6.5 Million to Australia’s First...

April 22, 2024

5 Top Weekly TSXV Stocks: Vanstar Rises on...

December 11, 2023

Uranium Price Update: Q3 2023 in Review

October 17, 2023

US Capital Gains Tax Guide for Gold and...

April 18, 2025

Sarama Completes Tranche 1 Equity Placement and ASX...

June 26, 2024

Is Now a Good Time to Invest in...

November 17, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved