Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Mining

Galileo Mining receives green light for diamond drilling at Delta Blues nickel prospect on Fraser Range

Drilling is expected to begin in mid-June and will be completed within three weeks of commencement.

Galileo Mining Ltd’s (ASX:GAL) has received approvals for diamond drilling at Delta Blues nickel prospect in the Fraser Range of Western Australia, with an initial 1,000-metre program planned to test the highly conductive targets at DB1 and DB2.

The program is set to begin in mid-June and will be completed within three weeks.

An independent geophysical modelling of the Delta Blues (DB1) EM data has confirmed a highly conductive body near the surface.

EM surveying continues around and along strike of the Lantern Prospect where previous drilling identified nickel-copper sulphides and will continue until July with infill surveying to occur as required.

Entering next phase of drilling

Managing director Brad Underwood said: “The first drilling programs at our northern Fraser Range project identified highly prospective rocks with strong indications of nickel and copper at the Lantern Prospect.

“Following this confirmation of prospectivity, we now enter our next phase of drilling optimistic that we can generate significant drill results at the Delta Blues prospect.

“Our target generation work at the Delta Blues prospect has utilised high-quality data sets with positive interpretations by world-class geological and geophysical professionals.

“The strength of the EM conductors, and their positions on the magnetic and gravity maps, present a compelling case of the potential for mineralisation.”

Galileo shares have been almost 14% higher intra-day to 29.5 cents.

Galileo prospect locations in the Fraser Range Nickel Belt.

Drilling program details

Several drill holes will be required to test for mineralisation at DB2 due to the large scale of the target.

It is expected that at least two drill holes will be undertaken in the first round of drilling at this location.

The EM conductor at the DB1 target has been verified by an independent geophysicist as a particular conductive anomaly.

Modelled conductivities fall within a range of 10,000 to 25,000 Siemens with a strike length between 800 metres and 900 metres.

Depth estimates to the top of the conductor vary between 175 metres and 255 metres with the variation attributed to near-surface cover effects which limit the accuracy of modelling.

One drill hole is planned at the DB1 target as a first test to determine the cause of the conductive anomaly and to pinpoint the optimum position for potential mineralisation.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK