Galileo Mining Ltd (ASX: GAL) continues to grow its exciting palladium-nickel Calisto discovery with new assays from recent drilling within the company’s wholly-owned Norseman project in Western Australia.
“Today’s results are firm confirmation of our view that we have only just started to comprehend the full extent and potential of our Callisto discovery,” Managing Director, Brad Underwood, said.
“To intercept 72m of sulphides from our northernmost drill line targeting the centre of the host intrusion is an extraordinary result and a highly encouraging sign for the potential discovery of more mineralization along strike to the north.
“We have 5km of prospective rocks to the north of Callisto and, with A$20M in cash (as at 31 December 2022), we have the funding to thoroughly explore the area without needing to raise money in a difficult market.
“Our geological interpretation indicates that there are multiple mineralized rock units in the area and that the source of these rocks may exist further to the north and east. We will be testing this concept over the coming months and are very excited to be exploring a newly discovered palladium-nickel district.”
Drill hole NRCD394 has intersected a 72m zone of disseminated sulphide mineralization on the northern most drill line completed to date. This new discovery strengthens Galileo’s geological interpretation that the source of the mineralization, originally discovered to the west, is related to the much larger mafic-ultramafic sill complex that that dominates the geology of the area.
The priority target zone to the north and east of NRCD394 matches the interpreted core of the host intrusive sill complex which can be traced in the magnetic data for 5km to the north. Drilling over the coming months is designed to test how extensive mineralization is within this prospective stratigraphy.
Southern step out drill hole NRCD406 had no significant intersection (NSI) and again confirms Galileo’s interpretation that the most prospective ground is to the north. Current drill hole NRDD420 is drilling due west and is planned to finish on the same section as NRCD394. This will provide a basis for interpretation of the geometry of mineralization from geochemical and geological data. A paucity of meaningful down hole structural measurements through the ultramafic stratigraphy means that exploration targeting is being driven by geological and geochemical interpretation.
Having completed the initial drilling post discovery at a 50-metre spacing, Galileo is now undertaking step out drilling up to 200m from existing drilling with the intention of rapidly defining the footprint of mineralization at Callisto over the coming months.
Logging and interpretation of drill core indicates that Callisto is a separate mineralized sill, with multiple sulphide mineralized zones, that has intruded a pre-existing mafic-ultramafic sill complex. The host sill complex has a strong magnetic signature which trends north-northeast and outcrops over a 5km strike to the north. Callisto is a blind undercover discovery with strong potential for additional mineralized intrusions occurring within the 5km prospective horizon to the north.
Drilling at Callisto is focussed on determining the size and grade of the sulphide zones, understanding the relationship with the much larger host sill, and looking for a possible source of the discovery to the east and north along strike.
For further information please visit: https://www.galileomining.com.au/
