cobalt mining

HIGH GRADE COBALT CONFIRMED AT NEW PROSPECT

Assay results from initial reverse circulation (“RC”) drilling at the Norseman Cobalt Project in the Goldfields region of Western Australia confirm the presence of high-grade, shallow, cobalt mineralisation.

RC Drilling at the Goblin prospect, located 3 kilometres south of Galileo’s main resource at Norseman, has identified an extensive zone of cobalt mineralisation over 2 kilometres in strike length (Figure 1).

Cobalt was intercepted at shallow depths between 12 and 60 metres below surface with mineralisation analogous to the Company’s existing JORC resources at Norseman.

Galileo Managing Director Brad Underwood said the results from the first round of the Company’s recent exploration drilling were highly encouraging, supporting the prospect of additional cobalt resources at Norseman.

“Our first exploration drilling program at Norseman has demonstrated that significant zones of cobalt mineralisation exist outside of our current JORC resources.”

“These first results are a good indication that further discoveries may exist at our Norseman Cobalt Project. With our second exploration drilling program due to begin in early September we hope to deliver more positive results over the coming months.” Mr Underwood said.

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