Galileo Mining Ltd (ASX:GAL) Announces New Assay Results
New Assay Results
Galileo Mining Ltd (ASX:GAL) has released new assay results from its 100% owned Norseman project in Western Australia. One metre sample results from the 2024 aircore drill program revealed a peak palladium assay of 3.3 g/t over one metre from drill hole NAC501. Additional results confirmed wide zones of Platinum Group Elements, including 11m @ 0.71 g/t 3E from NAC470 and 18m @ 0.48 g/t 3E from NAC471.
Drill Highlights
The Mission Sill prospect, located approximately 8km from the 17.5Mt Callisto resource, shares the same prospective ultramafic host rocks. A total of 157 drill holes covering approximately 5,300m were undertaken in the November 2024 drill campaign, targeting key contact zones within the Mission Sill prospect. Follow-up aircore drilling is scheduled to commence next week, focusing on infill drilling of recent results and new drilling along the 12km Mission Sill trend.
Executive Comments
Managing Director Brad Underwood stated, “Initial assays from the aircore drill campaign at our Mission Sill prospect showed widespread palladium and platinum mineralisation. Follow up assays of one metre samples using higher quality assaying techniques has now confirmed these findings and provided additional confidence in drill targeting at the prospect. Assay results have also verified the presence of rhodium, a precious metal related to palladium and platinum, which may be used as a vector to basement mineralisation. Follow up aircore drilling is scheduled to begin at the Mission Sill prospect next week with infill drilling of the current results and new drilling within the 12km of prospective strike at the prospect.”
Future Outlook
Galileo Mining is planning a significant follow-up drill program aimed at further defining the geochemical peaks within anomalous zones and enhancing drill targeting strategies. The upcoming drilling will include both infill and strike extension drilling to explore the full potential of the Mission Sill trend.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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