Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Galileo Mining assays confirm new nickel sulphide zones near Callisto discovery

Published 03/11/2022, 10:36 am
Updated 03/11/2022, 11:00 am
© Reuters.  Galileo Mining assays confirm new nickel sulphide zones near Callisto discovery

© Reuters. Galileo Mining assays confirm new nickel sulphide zones near Callisto discovery

Galileo Mining Ltd (ASX:GAL) has uncovered a new style of mineralisation near its Callisto palladium discovery within the 100%-owned Norseman Project in Western Australia.

Assays from the first of four reverse circulation (RC) drill holes from a regional scout drilling campaign on existing tracks showed wide zones of nickel sulphide within a mafic-ultramafic intrusion.

Drill hole NRC346, located 400 metres north of Callisto, returned higher-grade nickel intervals, with some of the standout results including:

  • 50 metres at 0.32% nickel from 95 metres (about 80 metres below surface), including 2 metres at 0.50% nickel from 111 metres;
  • 2 metres at 0.59% nickel from 123 metres;
  • 2 metres at 0.56% nickel from 136 metres; and
  • 3 metres at 0.46% nickel from 142 metres.
The area to the north of NRC346 is now a priority target for follow-up drilling commencing later this month.

This program will aim to define the sulphide zone and its potential relationship with the interpreted intrusion and will include down hole electromagnetic (EM) surveying to look for sulphide accumulations beneath the conductive sediment layer.

Plan map of new nickel sulphide target. Callisto is within the red dotted outline and is associated with a separate, linear magnetic unit which represents an ultramafic sill.

Amazing potential

Galileo managing director Brad Underwood said: “Today’s results confirm the amazing prospectivity of the ground we are exploring. In our first regional exploration program since the discovery of Callisto, we have identified wide zones of disseminated nickel sulphide in a new geological setting.

“This new area has the potential for a substantial nickel discovery associated with a large, interpreted intrusion a hundred metres to the north of NRC346.

"The style of metal enrichment identified has higher nickel content than Callisto and lacks the PGE metals seen to the south. It also occurs within a discrete gabbroic rock unit and the company believes this represents a previously unknown intrusive nickel target within a newly identified and highly fertile mineral province.

“Historical exploration was guided by surface sampling, which left most of the area unexplored as mineralisation does not outcrop due to the flat-lying stratigraphy. Having discovered Callisto, we are now in an excellent position to effectively explore and discover the next generation of deposits that are blind to surface prospecting techniques.

“Our target generation model has been validated by the current results and we will continue to aggressively explore all of the 278 square kilometres of tenements at our Norseman project.”

Plan map of RC drilling at the newly identified nickel sulphide zone north of the Callisto discovery.

Other works

RC and diamond drilling is continuing at Callisto and a down hole EM survey has been planned to follow up on massive sulphides previously intersected in NRCD293.

Assays from the ongoing diamond drilling and from rhodium testing of RC drill holes are expected to be available from mid-November onwards.

About Galileo

Galileo is focused on the exploration and development of palladium, nickel, copper and cobalt resources in Western Australia. Its tenements near Norseman are highly prospective for palladium-copper-nickel sulphide deposits as shown by the Callisto discovery.

The company also has joint ventures with the Creasy Group over tenements in the Fraser Range, which are prospective for nickel-copper sulphide deposits similar to the operating Nova mine.

The Norseman Project contains a near-surface laterite deposit, with more than 26,000 tonnes of contained cobalt and 122,000 tonnes of contained nickel.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.