Join our daily newsletter At The Bell to receive exclusive market insights
- Galileo Mining (GAL) sees its highest grade assay to date from the Callisto Discovery at the Norseman project in Western Australia
- The highest grade so far at the discovery is 8.25 grams per tonne (g/t) palladium and 1.94 g/t platinum over one metre
- Galileo says the higher grade palladium and platinum results show potential for the occurrence of high-grade zones within the overall mineralised system
- The third round of drilling is scheduled for late July with diamond drilling planned to start in August
- GAL is up 18 per cent to trade at $1.51 per share at 11:28 am AEST
Galileo Mining (GAL) has seen its highest grade assay to date from the Callisto Discovery at the Norseman project in Western Australia.
The latest results are from the first four reverse circulation (RC) drill holes of the second RC program, including the highest grade so far at the discovery at 8.25 grams per tonne (g/t) palladium and 1.94 g/t platinum over one metre.
Galileo said the higher grade palladium and platinum results show potential for the occurrence of high-grade zones within the overall mineralised system.
Major down hole drilled intersections at a 1g/t 3E cut-off include 23 metres at 2.12g/t 3E, 29 metres at 2.22g/t 3E and 20 metres at 1.79g/t 3E.
Samples from the intersections are being analysed for rhodium content, with results expected in August.
“The latest assays from our Callisto discovery demonstrate the extensive continuity of mineralisation intercepted,” Managing Director Brad Underwood said.
“Higher palladium assays over 8 g/t add even more prospectivity to the Callisto area with the possibility of high-grade zones occurring within the mineralised system. The third round of RC drilling is scheduled to begin in late July with diamond drilling planned to start in August.
“With over five kilometres of prospective strike length at Callisto we have a lot more drilling to come.”
On the market, GAL was up 18 per cent to trade at $1.51 per share at 11:28 am AEST.
