Galileo Mining (ASX:GAL) reports additional ‘significant’ assay results following the second round of reverse circulation (RC) drilling at the Callisto palladium-platinum-gold-copper-nickel discovery.
Drilling at Callisto, which is part of its 100% owned Norseman Project in Western Australia, has returned the ‘shallowest and deepest’ mineralisation intersected to date which is within the northern sections, continuing towards surface.
‘Major’ downhole drilled intersections at a 0.5 g/t 3E cut-off include:
- 27m @ 1.44 g/t 3E (1.18g/t Pd, 0.20g/t Pt, 0.06g/t Au), 0.23% Cu & 0.25% Ni from 125m (NRC282)
- 29m @ 1.41 g/t 3E (1.13g/t Pd, 0.20g/t Pt, 0.07g/t Au), 0.24% Cu & 0.24% Ni from 127m (NRC281)
- 28m @ 1.20g/t 3E (0.97g/t Pd, 0.17g/t Pt, 0.06g/t Au), 0.25% Cu & 0.26% Ni from 118m (NRC285)
Speaking on the results, Galileo Managing Director Brad Underwood said: “The Callisto discovery continues to grow with today’s assay results including both the shallowest and deepest mineralisation intersected to date.
“The Callisto discovery continues to grow with today’s assay results”
The western drillholes on the northern lines contain significant grades at just 100 metres below the surface.
These results indicate the potential for more shallow mineralisation to the west and along strike to the north. With no known outcrop, and over five kilometres of prospective strike, we consider that a significant opportunity exists for additional discoveries at shallow depths.
The deepest results to date come from NRC278 which intersected sulphides in two zones. The lower zone occurs in the end of the drillhole at approximately 240 metres below surface. This drillhole will be completed with a diamond drill tail and the drill rig for this work is scheduled to arrive in mid-August.
Mineralisation is open in all directions and with the current large-scale drill program underway we are looking forward to expanding this exciting new discovery.”
The company also notes that results indicate that mineralisation is open in all directions and also extends the known mineralisation over 300m across strike on the southern and central lines and 200m across strike on the northern line.
In addition, the company’s 10,000m RC drilling program is currently underway with drilling targeting both the known mineralisation and along strike potential to the north of the Callisto discovery.
The Norseman Project is located about 10km from the township of Norseman in Western Australia and covers a total land tenure of 306km-square, with Galileo owning 100% of all associated tenements.
The project currently has a cobalt-nickel JORC resource and additional prospects that have potential for copper, nickel, and cobalt mineralisation.
With the current 10,000m RC drilling campaign still ongoing, Galileo announces that the returned samples will undergo analysis for rhodium content while four further assays of the second program are still pending.
Images: Galileo Mining Ltd
