Brad Underwood of Galileo Mining Ltd (ASX:GAL, OTC:GLMGF) sat down with Proactive's Anxdrew Scott yesterday to discuss the company’s maiden mineral resource at its Callisto deposit and the confirmation of its discovery of the Australia’s first Platreef style PGE-gold-nickel-copper deposit.
Underwood explained that the mineral resource estimate stands at 17.5 million tonnes of indicated and inferred material, starting at 75 metres below the surface and extending down to 650 metres. "It's continuous all of that distance," he noted.
Notably, 46% of the resource, or 8 million tonnes, falls in the indicated category in the shallower sections. The deposit remains open at depth, suggesting further potential.
Underwood said that Platreef style mineralisation is important because in South Africa, the Platreef deposits have a very consistent style of mineralisation and have been mined successfully for a number of decades. He says it is really important to note that along with the maiden mineral resource Galileo has the same style of Platreef mineralisation at its Norseman project in WA.
“It's such a brand new discovery in an area that has been thought of as prospective but never shown to be prospective. We've now demonstrated this has real potential, we've got a JORC resource established, we've got over 20 kilometres of strike at the Callisto trend, and we have another parallel geological trend with the same type of rocks at the Mission Sill prospect that goes for 12 kilometres.
“There's a huge amount of upside here. We know from those Platreef examples in South Africa that these types of deposits occur in clusters along strike, and we hope that we can make another discovery, if not two, or three as we start to explore.
“We'll be beginning with the five kilometers north of Callisto and the four kilometres south. And then we'll start to step out further again. There’s a lot of drilling to come and we're really aiming to make more discoveries in this developing belt.