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- Galileo Mining (GAL) has been given the go-ahead to begin aircore (AC) drilling at the Lantern South Prospect next week
- Lantern South is part of the company’s 492 square kilometre Fraser Range Project in Western Australia
- The 4000-metre program follows a recently completed program that returned up to 0.49 per cent nickel and 0.46 per cent copper
- Galileo is down a slight 5.26 per cent and shares are currently trading for 18 cents each
Galileo Mining (GAL) has been given the go-ahead to begin aircore (AC) drilling at the Lantern South Prospect next week.
This go-ahead comes after a program of works were approved from the Mines Department.
The 4000 metre AC program will follow-up hole LARC003 which returned a significant intersection of 12 metres at 0.38 per cent nickel and 0.33 per cent copper from 124 metres including five metres at 0.49 per cent nickel and 0.46 per cent copper from 126 metres.
“This next round of aircore drilling will be an important step in the follow-up exploration of the sulphides already discovered at the Lantern Prospect,” Managing Director Brad Underwood commented.
“With over two kilometres of untested strike length we are aiming to identify mineralisation similar to Nova-style nickel deposits,” he said.
The Lantern South Prospect is part of the 492 square kilometre Fraser Range Project in Western Australia.
The prospect lies 50 kilometres from Legend Mining’s Mawson Prospect where a massive sulphide discovery was discovered in March.
This program identified five intersections of high-grade nickel-copper mineralisation.
Two priority targets have been identified at the Lantern Prospect and have been named Lantern North and Lantern South.
Lantern North is a large electromagnetic (EM) anomaly and reaches a depth of 340 metres while Lantern South hosts dispersed nickel-copper sulphide mineralisation and reaches a depth of 110 metres.
In 2019, first-pass AC drilling at Lantern South identified a nickel and copper anomaly and reverse circulation drilling in March 2020 showed that the anomaly is caused by the dispersed nickel-copper sulphide mineralisation.
Galileo is now planning to examine the two-kilometre length around the anomaly.
The 4000 metre AC program will test around LARC003 which intersected the nickel-copper sulphide mineralisation.
Drilling at Lantern North has recorded no significant response so a fixed-loop electromagnetic survey is being planned to refine the target for future drill testing.
Galileo is down a slight 5.26 per cent and shares are trading for 18 cents each at 12:02 pm AEST.
