Join our daily newsletter At The Bell to receive exclusive market insights
- Galileo Mining (GAL) receives initial results from reverse circulation (RC) drilling at its Delta Blues DB2 prospect in Western Australia
- Two holes have been drilled to target the top of an electromagnetic (EM) conductor, with both intersecting semi-massive and dispersed sulphides
- Samples have been sent to the laboratory in Kalgoorlie for analysis with results expected in September
- A third hole is currently in progress and, once completed, work will begin at the Delta Blues DB1 prospect to test the top of an EM conductor
- Galileo is up 3.70 per cent on the market with shares trading at 35 cents at 10:53 am AEST
Galileo Mining (GAL) has received initial results from reverse circulation (RC) drilling at its Delta Blues DB2 prospect in Western Australia.
Two holes, for 428 metres, have been drilled at the prospect with a third one currently in progress.
Drilling targeted the top of an electromagnetic (EM) conductor with both holes intersecting semi-massive and dispersed sulphides.
Only the top of the conductor has been drilled, with downhole EM surveys to be undertaken to refine them before diamond drilling.
The start of diamond drilling is subject to rig availability.
Samples have been sent to the laboratory in Kalgoorlie for analysis with results expected in September.
Once the third hole at the Delta Blues DB2 prospect has been drilled, work will begin at the Delta Blues DB1 prospect.
Two holes have been planned to test the top of a strong EM conductor which is believed to run from 175 metres to 255 metres below surface.
Managing Director Brad Underwood commented on the drilling program.
“The geological results from the first round of drilling at our Delta Blues prospect are highly encouraging with sulphides in both holes drilled to date,” Mr Underwood said.
“The RC rig will finish a third drill hole at DB2 before moving on to the DB1 target with the remaining program expected to be completed over the next week. A market update will be provided as results become available.”
Galileo was up 3.70 per cent on the market with shares trading at 35 cents at 10:53 am AEST.
