American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

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

by admin 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
Boeing and Alaska Airlines point fingers at each other in lawsuit over door plug blowout
next post
R3D Secures Additional Funding

Related Posts

Hubspot stock price slowly forms a bullish pattern:...

December 22, 2024

GBP/USD forecast ahead of Fed and BoE interest...

September 18, 2024

Far Northern Resources Limited (ASX: FNR) – Admission...

April 13, 2024

3M stock rally has stalled: brace for impact...

October 18, 2024

Floki price prediction: golden cross forms as token...

November 21, 2024

Elixir Energy

April 7, 2024

MELI stock forecast ahead of MercadoLibre earnings

February 20, 2025

Crypto price predictions: Jupiter, Helium, Berachain, Pi Network

February 14, 2025

Top Nasdaq 100 index stocks dragging the QQQ...

March 12, 2025

FTSE 100 shares to watch: Aviva, National Grid,...

May 9, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest News

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,209)
    • Investing (2,537)
    • Latest News (2,000)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.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 americaninvesthub.com | All Rights Reserved