- Base metals explorer Galileo Mining (GAL) unveils its highest palladium and platinum results to date from drilling at its Norseman project near Esperance in WA
- The company says the results extend the palladium and paltnium mineralisation in the area to over nine kilometres
- With multiple drill holes showing good indications of palladium, Galileo says today’s results could help pinpoint ideal targets for an upcoming reverse circulation (RC) drilling program
- Galileo plans to complete RC drill testing in the Norseman area once it has completed heritage surveys are received relevant regulatory approvals
- Shares in Galileo Mining are down 2.33 per cent to 21 cents each at 1:01 pm AEDT
Base metals explorer Galileo Mining (GAL) has unveiled its highest palladium and platinum results to date from drilling at its Norseman project near Esperance in WA.
The company today told investors it had received assay results from an aircore program at the northern end of the Mission Still prospect in the project area, with further assays to come over the coming weeks.
The best hits from the latest round of assays include an 8-metre intersection at 1.44 grams per tonne of palladium and platinum (g/t 2E), 0.11 per cent nickel, and 0.01 per cent copper from 8 metres. This hit included a 4-metre zone at 1.7 g/t 2E, 0.11 per cent nickel, and 0.01 per cent copper from 12 metres.
Galileo said the results extend known palladium and platinum results to over nine kilometres of strike length along a well-defined geological trend.
“We have intercepted anomalous palladium results every time we have drilled the prospective geological zone at the Mission Sill prospect,” Managing Director Brad Underwood said.
“This time we have received the highest aircore grades to date with greater than one gram palladium assays over eight metres downhole.”
He added that the company had multiple drill holes with good indications of palladium. This could help Galileo pinpoint ideal targets for an upcoming reverse circulation (RC) drilling program.
“With nine kilometres of prospective strike length, we are exploring an extensively mineralised geological zone with excellent potential for the development of an economic mineral deposit.”
Galileo said of the nine kilometres of strike length, four are yet to be subject to first-pass aircore drilling.
The planned follow-up RC drilling in the area will help the company determine if the mineralisation continues at depth beneath the aircore intercepts.
Galileo said it planned to complete RC drill testing at the Mission Still and Jimberlana prospects in the Norseman area once it had completed heritage surveys are received relevant regulatory approvals.
Shares in Galileo Mining were down 2.33 per cent to 21 cents each at 1:01 pm AEDT. The company has a $34.5 million market cap.