‘Cashed up’ Galileo Mining identifies large target at Mission Sill amid ramp-up

Galileo Mining (ASX:GAL) is preparing to drill the large Mission Sill target as it ramps up activities at its Norseman project in Western Australia, after confirming some 10 kilometres of prospective strike at Mission Sill and identifying a structural target that may have localised mineralisation in the bedrock.

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New results from the recent reverse circulation drill campaign at Mission Sill have found prospective zones of palladium, platinum and gold. Those results include wide zones of shallow platinum group elements (PGEs), including eight metres at 1.33 grams platinum, palladium and gold from 24 metres.

“We look forward to advancing the Mission Sill prospect while at the same time undertaking further work at our existing Callisto deposit,” MD, Brad Underwood, said.

Galileo Mining became a darling of the ASX smallcap community when it drilled the Calisto discovery in CY22 in a relatively underexplored area of WA. Callisto is located within the large Norseman project. Galileo has also identified adjacent regional prospects at Jimberlana and Mission Sill.

Mr Underwood confirmed that Galileo will also be completing the first deep exploration drill hole beneath the resource at Calisto, looking for repeats of the intrusive sill which hosts the sulphide mineralisation.

“This drill hole will also provide us with additional samples for metallurgical test work as we note the metal price environment has improved since the Callisto resource was first published in CY23,” Mr Underwood explained today.

He added: “Cashed up with more than $9 million in funding, Galileo is very well positioned to continue exploration for high-value PGE-gold deposits in one of the most prospective regions of Western Australia.”

Galileo is planning to undertake new Callisto metallurgical test work as palladium, platinum, gold, rhodium, and copper metal prices have increased since the Callisto mineral resource estimate (MRE) in CY23.

GAL traded at a high of 26cps today; market cap $50.39 million.

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