Galileo Mining set to drill in April with $10 million in the bank
February 27, 2024 at 03:31 pm EST
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Galileo Mining Ltd (ASX:GAL) managing director Brad Underwoood sits down with Proactive’s Jonathan Jackson to discuss the completion of high-powered induced polarisation (IP) geophysical surveys on three of 12 planned lines at the North Callisto prospect within its Norseman Project in Western Australia. The data is expected to provide drill targets for the upcoming drill campaign at North Callisto which is set to kick off in April. Meanwhile, IP surveying will continue for the next few months over the project’s underexplored South Callisto and Mission Sill prospects, aiming to identify undercover sulphide deposits. With $10.4 million in cash in the bank, Galileo is very well funded to undertake its upcoming exploration programs.
“Work at our Norseman Project has been moving quickly over the last month as we continue to undertake extensive geophysical surveys and field mapping programs, Underwood said.
"The breakthrough discovery of the PGE-nickel Callisto deposit in 2022 has opened up the strong possibility of new discoveries within our highly prospective 254 square kilometre Norseman land position.
"As the discoverer of a new deposit, Galileo has a unique first mover position to aggressively explore the area for new high-value resources and we are very excited to be exploring within such a prospective region of Western Australia with its long history of exploration and mining successes.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Galileo Mining Ltd is an Australia-based mineral exploration company. The Company is focused on the exploration and development of palladium, nickel, copper, and cobalt resources in Western Australia. It has two highly prospective West Australian resource and exploration projects: the Norseman Project and the Fraser Range Project. The Norseman Project is centered around a location approximately 10 kilometers north-west of Norseman on vacant crown land. The Norseman Project is prospective for palladium-platinum-nickel-copper-cobalt-rhodium sulphide deposits and contains a JORC-compliant nickel-cobalt laterite resource. The Norseman Project comprises two exploration licenses, 18 granted prospecting licenses and one mining lease covering 255 square kilometers (km2). The Fraser Range project covers exploration licenses totaling approximately 602 km2 in the Albany-Fraser Orogen. The Fraser Range project is located across two areas: the northern Kitchener zone and the southern Yardilla zone.
GALILEO MINING LTD 
