leadf
logo-loader
viewGalileo Mining Ltd

Galileo Mining commences Fraser Range exploration off the back of strong nickel price

Snapshot

Preparation for the first RC drilling program of 2021 is underway with drilling on track to begin at the Lantern Prospect in mid-February along with EM surveys at the Delta Blues Prospect.

Galileo Mining Ltd - Galileo Mining commences Fraser Range exploration off the back of strong nickel price

Quick facts: Galileo Mining Ltd

Price: 0.34 AUD

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

Galileo Mining Ltd (ASX:GAL) has commenced 2021 exploration field programs at its Fraser Range nickel project in Western Australia. 

Geophysical survey teams are now undertaking electromagnetic (EM) surveys at the Delta Blues prospect – aiming to define conductive anomalies associated with nickel sulphide mineralisation for drill testing.

The company also plans to commence 1,200 metres of reverse circulation (RC) drilling at the Lantern Prospects in mid-February, targeting an EM conductor on the margin of a large intrusion (Lantern East) and sulphide mineralisation associated with an ultramafic intrusion (Lantern South).

“Potential for major discoveries”

Galileo managing director Brad Underwood said: “We are very pleased to be back working in the field at our Fraser Range Project, where we have already identified small but significant amounts of nickel sulphide in a greenfields environment with potential for major discoveries.

“The EM surveys which started this week are designed to locate conductors that could be associated with nickel sulphide mineralisation.

“Additionally, drilling in February aims to test a well-developed conductive anomaly at the Lantern East Prospect as well as focussing on the existing sulphide mineralisation at the Lantern South Prospect.”

Galileo Prospect locations in the Fraser Range Nickel Belt

Nickel price outlook

The company is set to advance its nickel sulphide prospects at Fraser Range and Norseman as the nickel price advances over US$18,000 per tonne.

Underwood added: “We are a nickel sulphide explorer with a strategy of making greenfields discoveries in known mineralised provinces at our Fraser Range and Norseman Projects.

“With the price of nickel exceeding US$18,000/tonne this is a great time to be exploring for nickel sulphide.

“A discovery in 2021 could be transformational for the company.”

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Galileo Mining Ltd named herein, including the promotion by the Company of Galileo Mining Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Galileo Mining kicks off drill program at Fraser Range nickel project

Galileo Mining Ltd's (ASX:GAL) Brad Underwood tells Proactive's Andrew Scott the drill's now spinning in its first diamond drilling program for 2021 at the Lantern East prospect within the Fraser Range Nickel Belt in Western Australia. He says Lantern East represents a compelling nickel target...

1 week, 1 day ago

2 min read