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- Galileo Mining (GAL) has begun reverse circulation drilling at its Lantern Prospect in Western Australia
- Approximately 1400 metres of drilling is planned with initial results expected within two weeks of drilling completion
- Drilling will be targeted over areas of significant conductors as well as best aircore results
- A separate electromagnetic anomaly will also be targeted
- At market close Galileo’s share price is up 10 per cent and trading for 16.5 cents
Galileo Mining (GAL) has begun reverse circulation drilling at its Lantern Prospect in Western Australia.
The Lantern Prospect is located within Galileo’s Fraser Range Project which covers 492 square kilometres The project is well positioned within the nickel-copper bearing Fraser Range Zone.
Reverse circulation (RC) drilling is planned over the up-dip project of significant conductors at Lantern.
It will also be a follow up to the best aircore drilling results which returned 27 metres at 0.18 per cent nickel and 0.17 per cent copper from 47 metres.
Approximately 1400 metres of drilling is planned and initial laboratory assays are expected within two weeks of the completion of drilling.
“Our first RC drilling program at the Lantern Prospect will allow us to drill to depths beyond the range of the aircore drilling we have completed to date,” Managing Director Brad Underwood said.
“This represents an important advance in the exploration of the area as we focus on those zones which have shown the greatest potential from our earlier work,” he added.
A separate electromagnetic (EM) anomaly, centred over a highly prospective mafic contact rock unit, will also be targeted.
The objective of the RC drilling above the EM conductors is to provide geochemical and lithological data to allow the completion of downhole EM surveying.
Once compiled, this information will be integrated to refine the targets for the planned diamond drill hole testing on the most prospective parts.
At market close Galileo’s share price is up 10 per cent and trading for 16.5 cents in a $19.86 million market cap.
