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Galileo Mining finalises Fraser Range nickel targets for drilling program this month

Multiple nickel targets adjacent to previously reported sulphide mineralisation at Lantern South will be tested along with an electro-magnetic conductor along strike.

Galileo Mining Ltd - Galilelo Minings' Fraser Range drilling program set to begin late July
Drilling is set to begin in late July with a 1,500 metre RC program

Galileo Mining Ltd (ASX:GAL) has finalised priority targets in the prolific Fraser Range region of Western Australia for a combination of reverse circulation (RC) and diamond core drilling to begin later this month.

The program is aimed at testing high-priority nickel targets surrounded by sulphide mineralisation.

An initial 1,500 metre RC program will begin in late July, to be followed by a 500-metre diamond drilling campaign in August.

Assay results from RC drilling are expected to be received in August with diamond core results in early September.

Pipeline of prospects

Managing director Brad Underwood said: “We have built a pipeline of prospects over the past 18 months at our Fraser Range project and it is now time to start drill testing the most advanced targets.

“Three priority zones will be tested – the area around existing mineralisation, a structural target 200 metres northwest, and an EM conductor 1.5 kilometres along strike.

“All targets have been carefully assessed and contain features indicative of nickel mineralisation.

“This is an exciting part of the exploration process and we look forward to updating the market with drill results.”

Shares higher

Shares have been up 4% to 28.5 cents after reaching 29 cents on Friday, a new high of almost two years.

Drill targets at Lantern South and Lantern East prospects, part of upcoming drill campaigns.

Mineralisation intersected by the first RC drilling program, completed in March 2020, will be followed up with RC drilling immediately along strike and down dip.

Drill spacing will be around 40 to 80 metres from the known sulphide zone with the aim of identifying further nickel and copper sulphides associated with the ultramafic intrusion.

A structural and geological target 200 metres northwest of the sulphide mineralisation will be tested with a combination of RC and diamond drilling.

This location is considered to be highly prospective as it occurs on the margin of the large gabbronorite intrusion at an abrupt lithological change.

Upcoming work programs

  • Reverse circulation (RC) and diamond drill testing of targets at Lantern South and Lantern East nickel sulphide prospects;
  • First pass moving loop electro-magnetic (MLEM) survey on the southern side of the major Lantern gabbronorite intrusion;
  • First pass MLEM surveys over the Think Big, Backwood and Green Moon mafic-ultramafic intrusions; and
  • Petrography and detailed interpretation of aircore drilling results.

Quick facts: Galileo Mining Ltd

Price: 0.34 AUD

ASX:GAL
Market: ASX
Market Cap: $48.65 m
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Watch

Galileo Mining's Brad Underwood updates on aircore drilling and geophysics...

Galileo Mining Ltd's (ASX:GAL) Brad Underwood updates Proactive's Andrew Scott on their current nickel exploration campaign at the Lantern prospect in the Fraser Range region of Western Australia. He discusses the significance of a new EM target identified at the property as well as plans for...

on 25/6/20

2 min read