Post by
Wangotango67 on Mar 27, 2020 2:36am
GALAN SINKS 2 HOLES ON HOMBREE = 1+/MILLION TONNES/LCE
2 HOLES AT DIFFERENT POINTS ON, HOMBRE.
1,080,775/LCE ( infwerred )
X $9,100.00/CDN - LCE PRICE MARCH 2020 ( 46000/YUAN)
= $9,835,052500.00/BIL/cdn
NOW IMAGINE - MORE HOLES...AND THEN KICK IN PORTOFINOS LOCATIONS...
THEN FACTOR = 14/KM - ALL ALONG THE WEST HOMBRE.
HELLO...
HERE'S AN EXCERPT FROM GALENS - FILES.
THERE WILL BE RESISTENCE - THIS IS OUTRAGEOUS....!
RIO + PROJECT 2 + AND NOW...THIS ?
NO WAY...!
On 26 February 2020, Galan announcedthat it has executed a Binding Heads of Agreement with Portofino Resources Inc (Portofino) for the purchase of the right to earn a 100% interest in the Del Condorand Pucaralithium brine salar projects that abut Galan’s Hombre Muerto West tenements in Argentina.Pending the completion of legal and title due diligence and any regulatory approvals, Galan will pay Portofino CDN$100,000 in cash (inclusive of a CDN$20,000 deposit) and issue 650,000 fully paid Galan shares for Portofino’s 100% interest in the Hombre Muerto West Agreement (HMW Agreement).
The HMW Agreement gives Portofino the rights to earn a 100% interest in the Del Condor and Pucara lithium brine projects. Galan has a three (3) month exclusivity period (with an option to extend for another three (3) months) with Portofino.Maiden JORC (2012) Compliant Resource -Hombre Muerto WestOn 12 March 2020, Galan announced its maiden JORC (2012) reported Mineral Resource estimate for the Hombre Muerto West lithium brine project located in Catamarca province, Argentina. The resource estimate was completed by the Company’s consultants SRK Consulting (Australasia) andwas conducted by their Australian based team. The Inferred mineral resource estimate for Pata Pila and Rana de Sal is 1,080,775 tonnes of contained lithium carbonate equivalent (LCE) product grading at 946mg/l Li (with no Li cut off).
A summary of the HMW mineral resource, is provided in the Mineral Resource Statement (Table 7). Summary of Resource Estimate and Reporting Criteria The mineral resource estimation was undertaken by SRK Consulting (Australasia) (SRK) and was based upon results from drillholes within the Pata Pila and Rana de Sal tenement holding at Hombre Muerto West for a total of 1,054 metres.
See Tables4, 5 and 6 for the assay summaries (PP-01-19 and RS-01-19) and Figure 3for location of drill holes in the Western Basin tenements. The location of holes was mainly guided on the results of resistivity (Controlled Source Audio Magneto-Tellurics (CSMAT)) data.
https://wcsecure.weblink.com.au/pdf/GLN/02214193.pdf
link also shows maps + drill locations.
MY LAST ESTIMATE ???
OUT THE DOOR.
WORTH MORE THAN $1.50/sh