Galileo Mining (ASX:GAL) is conducting a reverse circulation (RC) drilling program at the Norseman Project in Western Australia, to target nickel and palladium.
The $56.32 million market capitalisation company is conducting 1,500m of RC drilling, which is expected to take 2 weeks to complete. Assays are anticipated to be returned in January 2024.
Drilling is to be spread across the Castillo, North Castillo, and Jimberlana South prospects.
Galileo Mining Managing Director Brad Underwood says the company aims to follow-up target generation work with the all-important drill testing.
“We have 3 advanced prospects ready for drilling and each has a chance of delivering significant results. Our exploration strategy follows a cyclical pattern with campaign drilling, review and interpretation of results, integration of new information, and then follow-up drilling.
We believe this cycle of exploration activity gives us the best opportunity of making further discoveries. We look forward to the results of the current round of drilling as we seek to unlock the potential of a newly discovered mineral district.”
At Castillo, drilling is aimed to test a geophysical induced polarisation (IP) target adjacent to the deposit, while drilling at North Castillo is focused along strike of an anomalous drill results recently returned from its September drilling program.
Meanwhile at Jimberlana South, 3 drillholes are planned in the current program which are following up on recent intersections that demonstrated wide zones of anomalous platinum group element-nickel-copper sulphide.
Galileo Mining is a palladium, nickel, cobalt, and copper-focused explorer and developer with assets in Western Australia.
The Norseman Project covers a 278km-square area and is considered prospective for palladium, platinum, nickel, copper, cobalt, and rhodium mineralisation.
As of 30 September 2023, the company had $12.042 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Galileo Mining