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 well-supported $5 million placement allows the company to effectively explore the entire area around its Lantern Prospect over the next six to 12 months.
Around 1,500 metres of RC drilling is planned with initial laboratory assays expected within two weeks of finishing drilling.
The new MLEM surveys will cover an area of 46 square kilometres, more than two times larger than the current exploration footprint.
Multiple nickel targets adjacent to previously reported sulphide mineralisation at Lantern South will be tested along with an electro-magnetic conductor along strike.
The Fraser Range is a world-class region for nickel-copper sulphides and Galileo plans to begin drilling its project next month.
Reverse circulation drilling of shallow targets at Lantern South prospect is scheduled to begin in July with diamond drilling of the new EM target to begin in August.
The survey aims to define the most prospective zones for nickel sulphide mineralisation before drilling starts in July.
The free webinar can be viewed live through Zoom and will provide viewers with the opportunity to hear from and engage with a range of emerging ASX-listed nickel exploration companies.
The company is accelerating exploration at its Fraser Range Project Joint Venture with prominent regional player the Creasy Group.
Drilling results combined with magnetic data show three intrusions which have been named Think Big, Backwood and Green Moon.
The Fraser Range is an exploration hotbed with nickel the primary focus and among the many players with highly prospective ground is Galileo Mining.
The company has completed RC drilling at the highly prospective Lantern nickel target and is well-funded to continue follow-up drilling in the near-term.
