Galileo Mining Ltd (ASX:GAL, OTC:GLMGF) has identified a strongly conductive electromagnetic target just five kilometres along strike from the Callisto Deposit, part of the Norseman platinum group elements (PGE)-nickel-copper project in Western Australia.
This conductor – identified with a downhole electromagnetic survey – measures about 400 metres down-dip from the hole by about 200 metres in strike length, and mimics similar geophysical anomalies at the 17 million tonnes Callisto deposit.
The company says it will add this new target to an upcoming drilling program scheduled for August, as it potentially represents a geological contact zone prospective for mineralisation.
Hunting Callisto-style deposits
“We continue to develop new drill targets at our Norseman Project as we move along strike from the 17-million-tonne Callisto deposit,” Galileo Mining managing director Brad Underwood said.
“Our belief in the prospectivity of the region remains as strong as ever. The compelling reason for our conviction is because one of the best places to look for new deposits is close to known deposits on ground that has had minimal previous exploration.
“Exploration on our Norseman ground prior to the discovery of Calisto in 2022 was extremely limited in scale.
“Post discovery, and with $13.6 million cash, we have the opportunity of being the first explorers to systematically look for Callisto-style mineralisation within our significant 255-square-kilometre Norseman tenement package.
“Drill planning for our next program is now in the advanced stages with drilling scheduled to commence in mid-August.”
Modelled conductive target zone beneath drill hole NRC493.
Highly prospective, underexplored project
GAL is focused on generating new targets for drilling over the 20 kilometres of strike surrounding the Callisto deposit and the 12 kilometres of strike offered by the Mission Sill PGE-nickel-copper prospect.
Callisto’s mineral resource estimate sits at 17.48 million tonnes at 0.82 parts per million (ppm) palladium, 0.15 ppm platinum, 0.045 ppm gold, 0.027ppm rhodium, 0.20% nickel and 0.16% copper.
In other words, Callisto holds 1,267 million ounces of palladium equivalent, 91,000 tonnes of nickel equivalent and a combined 4E (platinum group elements plus gold) estimate of 585,400 ounces.
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