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- Galileo Mining (GAL) has begun a reverse circulation (RC) drilling program at the Lantern Prospect in Western Australia
- A total of 1500 metres of drilling is planned and results are expected within two weeks
- Once RC drilling has finished, diamond core drilling will begin in August
- Galileo has ended the day 3.13 per cent in the green and shares are trading for 33 cents each
Galileo Mining (GAL) has begun a reverse circulation (RC) drilling program at the Lantern Prospect in Western Australia.
Lantern is located in the Fraser Range Project which spans an area of 492 square kilometres and lies within the Fraser Range Nickel Belt.
A total of 1500 metres of drilling is planned and results are expected within two weeks.
Once RC drilling has finished, diamond core drilling will begin in August.
“Our first ever RC drilling program at the Lantern Prospect was completed in March this year. Results from that program demonstrated that the area contains disseminated nickel and copper sulphide mineralisation,” Managing Director Brad Underwood commented.
“In our second program of RC drilling we will be targeting additional zones of mineralisation and laying the foundation for diamond core to follow in August,” he said.
“There are three high priority zones to be tested and we look forward to updating the market as results are received from this promising Fraser Range nickel project,” he added.
Galileo has ended the day 3.13 per cent in the green and shares are trading for 33 cents each in a $45.79 million market cap.
