Galileo Mining Ltd (ASX:GAL) continues to demonstrate the growth potential of the Norseman Project’s Callisto palladium-platinum-gold-rhodium-copper-nickel discovery with assays from a new nickel sulphide zone discovered in the western-most drilling on the tenure to date.
Drill hole NRC309 struck a three-metre high-grade seam where mineralisation is untested and open to the west-northwest. Results of note include:
NRC309: 11 metres at 1.63 g/t 3E (1.29 g/t palladium, 0.24 g/t platinum, 0.10 g/t gold), 0.22% copper and 0.27% nickel from 143 metres, including 3 metres at 2.96 g/t 3E (2.37 g/t palladium, 0.41 g/t platinum, 0.18 g/t gold), 0.44% copper and 0.43% nickel from 145 metres.
NRC310: 22 metres at 1.64 g/t 3E (1.33 g/t palladium, 0.23 g/t platinum, 0.07 g/t gold), 0.23% copper and 0.26% nickel from 111 metres.
NRC312: 23 metres at 1.36 g/t 3E (1.11 g/t palladium, 0.19 g/t platinum, 0.06 g/t gold), 0.20% copper and 0.23% nickel from 117 metres.
This new western sulphide zone was discovered on the heels of another high-grade discovery to the north, which boasts nickel sulphide zones up to 51 metres in width, underscoring the potential for more growth in this area.
Read: Galileo Mining higher on revealing nickel zones up to 51 metres thick near Callisto discovery in Western Australia
High capacity for new discoveries
“Today’s results show how much we have yet to learn about Callisto and the region’s potential as a newly discovered mineral domain,” Galileo Mining managing director Brad Underwood said.
“Metal grades in the westernmost drill hole NRC309 were a welcome surprise and it appears that mineralisation is increasing in that direction.
“The new zone of disseminated nickel sulphides announced on Monday is just 300 metres north of NRC309 and, with no drill holes to the west or north, the capacity for new discoveries in this particular area is high.
“We are currently completing scout drilling on existing tracks up to one kilometre north of Callisto and then plan to undertake extensive drill programs to the west and north of NRC309 all the way up to the new nickel sulphide zone.
“New mineral discoveries present a tremendous opportunity in the early stages of exploration, and we believe Callisto is no exception.
“We look forward to providing updates as work progresses at this exciting new discovery.”
Shares higher
Two rigs (one reverse circulation and one diamond drill) are continuing to drill at the Callisto discovery.
The northern and western areas where new sulphide zones have been discovered are a priority target, to be followed up with the reverse circulation rig.
These results have seen shares as much as 6.2% higher in early trading to $1.285 while the company's market cap is approximately $243.8 million.