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- Galileo Mining (GAL) has developed three new nickel targets in the highly prospective Fraser Range region in Western Australia
- These new targets, named Think Big, Green Moon, and Backwood, have the potential to host magmatic nickel mineralisation under shallow rock cover
- A high-powered electromagnetic survey is currently being planned at these targets to define zones of potential nickel mineralisation
- Galileo has also announced that aircore drilling at the Lantern South prospect is progressing well, with 5500 metres already drilled out of the planned 8000-metre program
- The aim of this drilling activity is to follow up on initial results that returned 0.38 per cent nickel and 0.33 per cent copper
- Galileo is up 4.44 per cent in mid-morning trade and shares are selling for 23.5 cents each
Galileo Mining (GAL) has developed three new nickel targets in the highly prospective Fraser Range region in Western Australia.
These new targets, named Think Big, Green Moon, and Backwood, have the potential to host magmatic nickel mineralisation under shallow rock cover.
A high-powered electromagnetic (EM) survey is currently being planned at these targets to define zones of potential nickel mineralisation.
Aircore (AC) drill results from these three targets were found to have intersected mafic or ultramafic rocks.
These mafic and ultramafic rocks play an important role regarding the exploration for the discovery of magmatic nickel sulphides which occur at the Fraser Range.
Currently, the best-known occurrence of magmatic nickel sulphide in the Fraser Range is at the Nova Nickel Mine.
Other works planned for Think Big, Green Moon, and Backwood include additional AC drilling to outline the near-surface boundaries of the prospective intrusive rocks, and reverse circulation (RC) and diamond drilling (DD) of targets defined by the EM surveys.
Galileo has also announced that AC drilling at the Lantern South prospect is progressing well.
Over 5500 metres have been completed out of the 8000-metre program.
The aim of this drilling activity is to follow up on initial RC results that returned 12 metres at 0.38 per cent nickel and 0.33 per cent copper.
Once this AC drilling has been completed, fixed loop EM surveys will be undertaken over prospective zones defined from this program.
RC and diamond drilling will then test the targets that were defined by the surveys.
“Our recent $5 million placement has allowed us to expand the amount of exploration we are undertaking in the Fraser Range,” Managing Director Brad Underwood commented.
“We have now substantially increased the search space around our Lantern Prospect and have the funds to effectively explore the entire area over the next six to 12 months,” he said.
“Our Fraser Range ground has never before been explored for nickel and the significant chance of a high-value discovery makes this an exciting time to be investing in the area,” he added.
Galileo is up 4.44 per cent in mid-morning trade and shares are selling for 23.5 cents each at 10:27 am AEST.
