PriceSensitive

Galileo Mining (ASX:GAL) launches drilling program at Callisto, WA

ASX News, Materials
ASX:GAL      MCAP $54.34M
06 June 2022 09:33 (AEST)

This browser does not support the video element.

Galileo Mining (GAL) has launched a reverse circulation drilling program at its Callisto discovery within the Norseman project area in Western Australia.

The program will centre around Callisto after Galileo last month reported six holes drilled in the region struck palladium-platinum-gold-copper-nickel sulphide intersections.

Results from the intersections included 33 metres at 2.05 grams of platinum group elements per tonne, 0.32 per cent copper and 0.3 per cent nickel from 144 metres.  This included 1.64 grams per tonne (g/t) palladium, 0.28 g/t platinum, 0.09 g/t gold and 0.05 g/t rhodium.

The new batch of drilling, which will include around 20 holes, is aiming to expand on the earlier results.

Galileo’s Managing Director, Brad Underwood, said it was great to be back drilling at Callisto so soon after the release of the results from the first drill program in May.

“The extensive prospective strike, combined with the thick and consistent mineralisation drilled to date, indicates the potential for a large mineralised system,” Mr Underwood said.

“Approximately 20 holes will be undertaken in this round of drilling, and we look forward to updating the market with results from this exciting new discovery.”

New results from this bout of reverse circulation drilling are expected in late July.

Galileo Mining last traded at $1.78 on June 3.

Related News