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Galileo Mining (ASX:GAL) assesses extent of Callisto discovery with next round of diamond drilling

ASX News, Mining
ASX:GAL      MCAP $53.35M
18 August 2022 09:33 (AEST)

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Galileo Mining (GAL) has kicked off diamond drilling at its Callisto discovery within its Norseman project in Western Australia.

The company has been assessing the area since uncovering the major palladium-platinum discovery in May this year.

The next round of drilling will comprise an initial 2000 metres of drilling to assess down dip extensions of previous drill holes where the mineralisation remains open.

The diamond drilling program is being undertaken in conjunction with a reverse circulation (RC) drilling program, which is a quarter of the way through a planned 10,000 metres.  

The RC drilling is targeting both the known mineralisation and the along strike potential one kilometre north.

So far, eight drill holes have been completed in the current RC program, with all holes intercepting sulphides.

Earlier this month, GAL reported assay results from the first four holes returned consistent grades of rhodium.

Additional drill samples have been submitted for assaying and the company anticipates it will receive the results in September.

Four RC pre-collars have been installed ahead of diamond drill core tails.

Galileo’s Managing Director, Brad Underwood, said the company is “very excited” to be “rapidly” progressing the discovery.

“Mineralisation at Callisto is open in all directions, and we will be using the diamond drill rig to focus on the down dip potential in particular.

“With no known outcrop, and over five kilometres of prospective strike, we consider that a significant opportunity exists for additional discoveries at shallow depths.

“The RC rig will be focussing on both the shallow sections of the known mineralisation as well as the excellent prospectivity for further discoveries along strike,” he said.

Company shares last traded at $1.15 on August 17.

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