Company
ASX:GAL
Galileo Mining Ltd (ASX:GAL) is exploring for palladium, platinum, nickel, copper, cobalt and rhodium at its Norseman and Fraser Range projects in Western Australia. Galileo's 100%-owned tenements near Norseman are highly prospective for palladium-copper-nickel sulphide deposits as highlighted by the Callisto discovery in 2022 The company also has joint ventures with the Creasy Group over tenements in the Fraser Range which are prospective for nickel-copper sulphide deposits similar to the operating Nova mine.
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“The new zone of disseminated nickel sulphides announced on Monday is just 300 metres north of NRC309 and, with no drill holes to the west or north, the capacity for new discoveries in this particular area is high," said MD Brad Underwood.
“Our target generation model suggested that the 5 kilometres north of Callisto are the most prospective and these early drill results strongly support this concept," Galileo managing director Brad Underwood said.
“Today’s results again confirm the extensive nature of palladium and associated metals at the Callisto discovery. Assay results from a further four drill holes each returned consistent palladium grades greater than 20-metre thickness with e
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Galileo has completed five core holes at Callisto, where it’s on the hunt for palladium, platinum, gold, rhodium, copper and nickel mineralisation.
Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region.
“With no known outcrop, and over five kilometres of prospective strike, we consider that a significant opportunity exists for additional discoveries at shallow depths," said MD Brad Underwood.
“The latest rhodium assays from our Callisto discovery confirm the presence of rhodium at consistent grades across all the drill holes analysed to date. The extensive continuity of mineralisation intercepted is remarkable and strengthens ou
“These results indicate the potential for more shallow mineralisation to the west and along strike to the north,” said Galileo managing director Brad Underwood.
“We believe the opportunity for discovering a large mineralised system is significant and we look forward to progressing this exciting new discovery,” said MD Brad Underwood.
“Drilling at our Callisto discovery continues to be successful with every completed drill hole hitting sulphide mineralisation. The results again confirm the consistency of the geology over the target area," MD Brad Underwood said.
“The latest assays from our Callisto discovery demonstrate the extensive continuity of mineralisation intercepted. Higher palladium assays over 8 g/t add even more prospectivity to the Callisto area with the possibility of high-grade zones
Confidence in the company has been illustrated by cornerstone investments in the placement coming from major shareholders Mark Creasy and IGO Ltd.
The well-funded and supported junior exploration company is focused on the discovery of ‘green’ sustainable technology metals with future demand growth.
The explorer has intersected disseminated sulphide mineralisation that is geologically consistent with the first round of drilling at Callisto.
Cecilia Camarri "has outstanding expertise as a mining lawyer and a deep industry network which will assist the company as we look to transition from pure exploration to resource development at our recent Callisto palladium discovery,” says
“The mineralisation intersected to date contains palladium, platinum, gold, copper, nickel and rhodium, and the grades appear to be increasing towards the eastern target zone. The extensive prospective strike, combined with the thick and co
“The rhodium assays confirm the presence of this valuable metal within the Callisto mineralised system," says managing director Brad Underwood.
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Galileo's recent assays have confirmed palladium, platinum, gold, copper and nickel hits in five more drill holes at Callisto after the explorer hit strong results in a discovery hole.
RC drilling will resume late next week, with roughly 4,000 metres of drilling planned to priortise a target area east of Callisto’s discovery hole.
