- Galileo Mining (GAL) outlines a fresh nickel sulphide target through electromagnetic (EM) work at its Fraser Range project in WA
- The company says EM surveys found a shallow, large, and conductive target along strike from the Lantern South prospect in the project area
- The newly-discovered target spans 750 metres in length and 134 metres in height from 165 metres depth to top
- Galileo Managing Director Brad Underwood says the company will now take on infill EM surveying and modelling to refine the target
- Shares in Galileo Mining are up 3.57 per cent and trading at 29 cents each
Junior explorer Galileo Mining (GAL) has outlined a fresh nickel sulphide target through electromagnetic (EM) work at its Fraser Range project in WA.
The company said EM surveys identified a shallow, large, and conductive target along strike from the Lantern South prospect in the project area. What’s more, the new target lies less than five kilometres from drilled nickel sulphides at Fraser Range.
Specifically, drilling at the Lantern South prospect struck nickel-copper sulphides like a 41-metre intersection at 0.19 per cent nickel and 0.14 per cent copper and a five-metre hit grading 0.49 per cent nickel and 0.46 per cent copper.
Galileo Managing Director Brad Underwood said following the drilling at the Lantern South prospect, the company has been “aggressively” exploring the area with EM surveys to look for buried sulphides.
“This work is beginning to show results with a new target identified just five kilometres along strike from Lantern South in a similar geological setting,” Mr Underwood said.
“Infill EM surveying and modelling will now be undertaken to refine the
target prior to drill testing.”
Galileo said the newly-discovered target spans 750 metres in length and 134 metres in height from 165 metres depth to top. The EM survey found conductivity of 1140 Siemens (S) for the target.
The Fraser Range project covers 602 sqkm of exploration licences in WA. According to Galileo, the project is well-positioned within the nickel-copper-bearing Fraser Range Zone, with two known deposits located between the areas of the zone controlled by Galileo.
Galileo has a 67 per cent interest in its Fraser range tenements.
Shares in Galileo Mining were up 3.57 per cent and trading at 29 cents each at market close. The company has a $40.06 million market cap.