- Galileo Mining (GAL) confirms increasing palladium grades at the Callisto discovery within its Norseman project in Western Australia
- Diamond drilling of the discovery tested a disseminated sulphide lower zone, where 3E grades over three grams per tonne were intercepted over a five-metre interval
- Assays from this interval included 2.6 g/t palladium, 0.46 g/t platinum, and 0.18 g/t gold, as well as 0.5 per cent copper and 0.45 per cent nickel from 265 metres downhole
- Further assays are pending as drilling continues, with both diamond and reverse circulation drill rigs on site
- GAL shares are down 1.65 per cent and trading at $1.19 at 2:38 pm AEDT
Galileo Mining (GAL) has confirmed increasing palladium grades at the Callisto discovery within its Norseman project in Western Australia.
Diamond drilling at the palladium-platinum-gold-rhodium-copper-nickel discovery tested a disseminated sulphide lower zone, where 3E grades over three grams per tonne were intercepted over a five-metre interval.
The five-metre intercept included 2.6 g/t palladium, 0.46 g/t platinum, and 0.18 g/t gold, as well as 0.5 per cent copper and 0.45 per cent nickel from 265 metres downhole.
Drilling also returned 21 metres at 0.89 g/t 3E, 0.15 per cent copper and 0.21 per cent nickel from 238 metres.
The company said the results indicated the palladium-platinum-gold-copper and nickel grades increased at depth.
Additionally, the distance between the latest results and the westernmost drill hole is over 500 metres, and Galileo said this corridor remained open in both directions, with over five kilometres of prospective rocks to the north.
As such, Managing Director Brad Underwood said more drilling would determine the full extent and grade of palladium and other metals in the region.
In this vein, Mr Underwood said the company believed the potential for further success was “exceptional”.
“The diamond core assays from Callisto are just starting to come in, and the results are very encouraging,” he said.
Further assay results are expected in mid-November, including assays from regional scout reverse circulation drilling to the north.
Meanwhile, drilling is ongoing along the five kilometres of prospective strike to the north, with both reverse circulation and diamond drill rigs on site.
GAL shares were down 1.65 per cent and trading at $1.19 at 2:38 pm AEDT.