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


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

Market: ASX
Market Cap: $48.65 m

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.”

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