Join our daily newsletter At The Bell to receive exclusive market insights
- Galena Mining (G1A) is planning on undertaking further drilling at its Jillawarra Project in Western Australia
- Following a detailed review at the project, the company identified seven priority targets and plans to undertake detailed electromagnetic targeting on four
- While some targets have not been subject to drilling, others have intersected up to 2.64 per cent lead and 13g/t silver
- Galena also plans to undertake drilling at the Coolina, Fencers and QWMR targets which have been subject to limited drilling
- Company shares are up 4.35 per cent on the market this morning and are trading at 24 cents at 10:40 am AEST
Galena Mining (G1A) is planning on undertaking further drilling at its Jillawarra Project in Western Australia.
Following a detailed review at the project, Galena identified seven priority targets and plans to undertake detailed electromagnetic targeting on four of them.
Target JHP31 lies at the margin of an electromagnetic high and within a large gravity anomaly.
No drilling has been completed at this target with the first drilling planned for later in the year.
The 46-40 Target has been subject to exploration in 2018 and 2019 and work concluded it has the same stratigraphic sequence and mineralisation as Galena’s Abra Project.
A total of 11 holes have been previously drilled in the area with up to 1.59 per cent lead and 13 grams of silver per tonne (g/t) intersected.
The TP Target lies towards the centre of the Woodland Complex area with 12 holes drilled between 1977 and 2015.
Upon review of these holes, only two are considered to have been effectively tested as the others weren’t drilled deep enough.
Previous work has intersected up to 2.64 per cent lead and 10g/t silver.
Copper Chert lies 15 kilometres west of Abra and is defined by multiple magnetic and gravity anomalies.
Limited diamond and reverse circulation drilling were carried out between 1975 and 2011 and returned a best result of 14 metres at 1.12 per cent copper from 44 metres.
Galena also plans to undertake drilling at the Coolina, Fencers and QWMR targets which have been subject to limited drilling.
Managing Director Tony James commented on the drilling program.
“Work on the ground will continue on four of these targets in the Woodlands Complex area this year and we have another three high priority targets that we also want to get busy on,” Mr James said.
“Along with Abra, the 100 per cent owned Jillawarra ground will be a significant chapter in the development of this region.”
Galena was up 4.35 per cent on the market this morning with shares trading at 24 cents at 10:40 am AEST.
