Galileo Mining (ASX:GAL) hopes to uncover the presence of new drill targets and sulphide deposits across the Callisto deposit, as part of its wholly owned Norseman Project in Western Australia.
The $47.42 million market capitalisation company says high-powered induced polarisation (IP) geophysical surveys have been completed on 3 of 12 planned lines at the North Callisto prospect, with results expected to flag drill targets for a scheduled April drilling program.
IP surveying is set to continue for the next few months over the underexplored South Callisto and Mission Sill prospects in conjunction with nearly complete field mapping to generate the desired deposits and targets.
Managing Director Brett Underwood says: “These IP lines are critical for the development of drill targets which will be tested in our planned April RC drill campaign.
Field mapping of the South Callisto and Mission Sill prospects is nearly finished with geological maps to be produced over the next month. The geological maps will guide IP surveying and subsequent drilling at these prospects later in 2024.
As the discoverer of a new deposit, Galileo has a unique first mover position to aggressively explore the area for new high value resources. And with $10.4 million in cash we are very well funded to undertake upcoming exploration programs.”
Galileo Mining is focused on the exploration and development of platinum group element (PGE), nickel, copper, and cobalt resources in Western Australia near the township of Norseman and are considered ‘highly prospective’ for new discoveries given the presence of the Callisto deposit discovered by Galileo in 2022.
Write to Adam Drought at Mining.com.au
Images: Galileo Mining
