- Mining and exploration company Galileo Mining (GAL) has confirmed a target at the Delta Blues nickel–copper prospect in the Fraser Range region of WA
- The priority electromagnetic conductor at the Delta Blue DB2 target has been confirmed by an independent geophysicist
- Interpretation of gravity and magnetic data further supports the possibility that the target is associated with magmatic sulphide mineralisation
- Drilling at the project will commence once all approvals are received
- On the market this morning, Galileo is up 7.27 per cent and is trading at 29.5 cents per share
Galileo Mining (GAL) has confirmed a target at the Delta Blues nickel–copper prospect in the Fraser Range region of Western Australia.
The priority electromagnetic conductor at the Delta Blue DB2 target has been confirmed by an independent geophysicist with results from modelling showing a robust target.
Modelled parameters fall within a range of 1500 to 5000 siemens, with a strike length between 250 metres and 500 metres, and a depth extent between 250 metres and 500 metres.
According to the company, an interpretation of the gravity and magnetic data further supports the possibility that the target is associated with magmatic sulphide mineralisation.
Drilling will commence once all approvals are awarded.
Managing Director Brad Underwood is pleased to have completed the target generation work and is ready for drill testing.
“All available information presents a compelling case for the potential of mineralisation at the prospect. Electromagnetic, gravity, magnetic, and
aircore drilling data, have combined to create a well-developed drill target,” he said.
“Drill testing is now required to determine what we have in the ground at this
location. Meanwhile, regional EM surveying continues to cover large areas of
ground with the aim of identifying additional high-quality targets for drilling,” he added.
On the market this morning, Galileo is up 7.27 per cent and is trading at 29.5 cents per share at 10:47 am AEST.