Galileo Mining Ltd announced that, following an interpretation and review of high quality magnetic data, three areas prospective for magmatic nickel-copper-cobalt sulphide mineralisation have been identified at the Company’s Fraser Range Project. The prospects have been named Nightmarch, Lantern and Empire Rose. Prospect locations relative to the Nova mine site, and to other tenement holders within the region.
Galileo Managing Director Brad Underwood said that the successful identification of areas prospective for Nova style nickel-copper-cobalt mineralisation was an important first step on the exploration path at the Company’s Fraser Range Project.
“Magnetic interpretation is a valuable tool for highlighting areas that may have potential for economic ore deposits. Galileo will follow up the new target areas with on-ground exploration programs aimed at developing the prospects into good quality drill targets,” Mr Underwood said.
“Through our Joint Venture with the Creasy Group, and by virtue of my eightyear tenure working for Mark Creasy in the Fraser Range, Galileo has acquired a deep understanding of the mineralising processes operating in the belt. We are confident in our ability to successfully explore the area and to capitalise on any discoveries that we might make.”
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