Galileo Mining Ltd (ASX:GAL) is one company that is not shying away from finding Nickel Sulphides. Are their recent drilling results showing more evidence of a potential new source of nickel sulphides?
Investors in the ASX who are looking for a company that actually spends the majority of their funds on good exploration should look at Galileo Mining Ltd (ASX:GAL) (ASX:GAL).
Since the company listed on the ASX, they have undergone 13 drill programs since early 2018.
Brad Underwood, chair and managing director of Galileo Mining Ltd (ASX:GAL), shares with us the technical merits of their projects in today's Coffee with Samso. Brad indicates that there is potential of a different source of nickel sulphides in the Albany-Fraser Range.
Conversations with Brad
- What the recent results mean in realising a potential new source for the nickel sulphides.
- The need to understand the 'Black Art' of geophysics
- What is the Ni-Cu-PGE story?
- The reasons why the Galileo story is robust and is worthy of an Investment for ASX for investors.
Watch the interview: Coffee with Samso Episode 98
Chapters:
00:00 Introduction
01:39 Recent drilling results - What does it mean?
04:04 Do the current findings give you new ideas?
05:56 The significance of the S2 trend.
07:38 What is controlling the mineralisation?
08:14 What do the EM numbers mean?
10:59 What is happening with the other projects?
12:00 What is the Ni - Cu - PGE story all about?
13:55 How do you find palladium?
15:15 What will happen now going forward?
17:40 Conclusion
Exploration is about doing the work and this includes the Black Art of Geophysics.
PODCAST
About Galileo Mining Ltd (ASX:GAL)
Galileo Mining Ltd is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range.
The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects.
The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine.
Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region.
The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman.
Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding.
Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders.
Galileo Key Milestones
2003 – Registered as a private company wholly owned by Mark Creasy
2004 – Acquired the Norseman project
2006 – Initial drilling conducted at Norseman
2017 – Maiden JORC Resource completed at Norseman
2018 – Acquired interest in the Fraser Range project
2018 – Launched on the ASX as a public company
It has been nearly two months since I last spoke with Mr. Underwood, Managing Director of Galileo Mining Limited. Click on the podcast below for an update on nickel exploration. The science and techniques of nickel exploration process are easy but there are potential issues. As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia.
About Brad Underwood
Brad Underwood is the chairman and managing director of Galileo Mining. Mr Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities.
Previous conversations with Brad
Watch the previous Coffee With Samso conversation with Brad here.
- Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction.
Listen to the Rooster Talk conversation with Brad here.
- Focusing on the science and techniques of nickel exploration - the easy process and potential issues.
Featured on Brilliant-Online
- Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium
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