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Galileo Mining Ltd.
Summary
| Project: | Fraser Range | |
|---|---|---|
| Deposit: | Empire Rose | |
| Location: | Australia | |
| Commodities: | Nickel-Iron-Magnesium | |
| Date: | 10/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-10-2018: Galileo Mining Ltd. announces an Exploration/Drilling Update report for its Empire Rose deposit at the Fraser Range project. Drilling results incl. 36m @ 0.20% Ni, 4.54% Fe, 5.99% Mg from 18m. Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brad Underwood (Internal) | |
| ABSTRACT: | Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce first pass aircore drilling at the Empire Rose prospect in the Fraser Range has identified anomalous zones of nickel in mafic and ultramafic rocks similar to the rock units that occur at the Nova and Silver Knight deposits. Although the initial results are not of economic grade, the presence of a strong conductive response identified in an EM geophysical survey indicates the possibility of sulphide mineralisation at depth. A follow up IP geophysical survey is planned to refine targets prior to further drill testing. Galileo Managing Director, Brad Underwood, said the first drilling results from Galileo’s Fraser Range Nickel Project were highly encouraging and with new targets identified the Company is hopeful that a discovery could eventuate. “The Empire Rose prospect is the first area Galileo has drilled within its Fraser Range project portfolio. To have such positive results in our first drilling program is a great outcome and we hope that additional work, both at Empire Rose and at our other Fraser Range prospects, leads to the discovery of economic resources. “The drilling at Empire Rose has intersected an extensive ultramafic peridotite sill of the kind often associated with nickel deposits around the world including the deposits so far found in the Fraser Range. The EM conductor is offset and down dip of the better nickel results while the occurrence of a granulite pyroxenite lens to the south west of the conductor adds extra support to the deeper target. “The Fraser Range is a rapidly evolving new mineralised province and with two confirmed discoveries in the area we believe that the potential for further discoveries is high. | |
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