Galileo Mining Ltd (“Galileo” or the “Company”) is pleased to announce the development of new nickel targets in the highly prospective Fraser Range region of Western Australia.
- Petrography results from reconnaissance aircore drilling identifies nickel prospective rocks beneath shallow cover
- Drilling results combined with magnetic data show three intrusions which have been named Think Big, Backwood and Green Moon
- Search area around the Lantern intrusion has increased substantially in size to 10km by 8km
- Extensive ground electro-magnetic surveys aiming to directly detect sulphide mineralisation are planned to cover the new prospective zones
- Aircore drilling at the Lantern Prospect is ongoing with approximately 5,500 metres completed of a planned 8,000 metre program
Petrographic rock description of samples from reconnaissance aircore drilling combined with detailed magnetic data shows the presence of three new intrusions. These intrusions, which have been named Think Big, Backwood and Green Moon, have the potential to host magmatic nickel mineralisation under shallow cover rock ranging from 17 metres to 92 metres below surface.
A high-powered ground electro-magnetic (EM) survey is being planned to cover the newly identified intrusions with the intention of defining zones of potential nickel mineralisation.
Commenting on the new targets Galileo Managing Director Brad Underwood said:
“Our recent $5 million placement has allowed us to expand the amount of exploration we are undertaking in the Fraser Range. We have now substantially increased the search space around our Lantern Prospect and have the funds to effectively explore the entire area over the next six to twelve months. Our Fraser Range ground has never before been explored for nickel and the significant chance of a high value discovery makes this is an exciting time to be investing in the area.”
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