- Exploration company Galileo Mining (GAL) has found significant nickel and copper assay results from reverse circulation (RC) drilling at its Lantern Prospect in Western Australia
- This was Galileo’s first RC drilling expedition, with three holes successfully completed
- One of the drill holes intersected nickel and copper sulphide mineralisation in fresh rock
- Following the results, further drilling is now planned at the prospect
- On the market this morning, Galileo is up 4.76 per cent and is selling shares for 11¢ apiece
Exploration company Galileo Mining (GAL) has found significant nickel and copper assay results from reverse circulation (RC) drilling at its Lantern Prospect in Western Australia.
Three RC drill holes were completed around an existing geochemical anomaly, which was found from aircore drilling undertaken in 2019.
Two of the drill holes, LARC001 and LARC002, confirmed the geochemical anomaly. While the third drill hole, LARC003, identified the source of the anomaly by intersecting nickel-copper sulphide mineralisation in fresh rock.
LARC003 returned a significant intersection of 12 metres at 0.38 per cent of nickel and 0.33 per cent of copper from 124 metres downhole, including 5 metres at 0.49 per cent nickel and 0.46 per cent copper from 126 metres.
Managing Director Brad Underwood said this is an excellent result from the first-ever RC drill program at Lantern.
“We have now discovered a fertile mineralised system containing nickel and copper sulphides,” Brad told the market.
“Our next step is to define the extent and quantity of the target metals and, given that we have over two kilometres of untested strike length at this one target alone, the potential for a large discovery is outstanding,” he added.
Galileo’s upcoming work programs planned for the Fraser Range include downhole electromagnetic (EM) surveying and step out air-core and RC drilling around LARC003.
On the market today Galileo is up 4.76 per cent and is selling shares for 11¢ apiece at 11:47 am AEDT.