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Project: | Norseman | |
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Deposit: | Goblin | |
Location: | Australia | |
Commodities: | Nickel-Cobalt-Copper-Platinum-Palladium | |
Date: | 8/29/2018 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 29-8-2018: Galileo Mining Ltd. announces an Exploration/Drilling Update report for its Goblin deposit at the Norseman project. Drilling results incl. 21.0m @ 0.09% Co, 0.28% Ni, 0.4% Mn, 11% Fe from 39.0m. Galileo Mining (ASX: GAL, “Galileo” or the “Compa | |
Resources: | ||
CP/QP: | [Overall Report]: Brad Underwood (Internal) | |
ABSTRACT: | Galileo Mining (ASX: GAL, “Galileo” or the “Company”) is pleased to announce assay results from initial reverse circulation (“RC”) drilling at the Norseman Cobalt Project in the Goldfields region of Western Australia confirm the presence of high-grade, shallow, cobalt mineralisation. RC Drilling at the Goblin prospect, located 3 kilometres south of Galileo’s main resource at Norseman, has identified an extensive zone of cobalt mineralisation over 2 kilometres in strike length (Figure 1). Cobalt was intercepted at shallow depths between 12 and 60 metres below surface with mineralisation analogous to the Company’s existing JORC resources at Norseman. Galileo Managing Director Brad Underwood said the results from the first round of the Company’s recent exploration drilling were highly encouraging, supporting the prospect of additional cobalt resources at Norseman. “Our first exploration drilling program at Norseman has demonstrated that significant zones of cobalt mineralisation exist outside of our current JORC resources.” “These first results are a good indication that further discoveries may exist at our Norseman Cobalt Project. With our second exploration drilling program due to begin in early September we hope to deliver more positive results over the coming months.” Mr Underwood said. The initial exploration results cover 58 RC drillholes completed at the Goblin prospect for a total of 3,163 metres. A further 79 RC drillholes for a total of 4,124 metres were drilled in the first program with assay results from this drilling expected over the coming weeks. The drillholes were primarily aimed at identifying cobalt mineralisation in order to expand the current JORC resource base. A second round of RC drilling is scheduled to commence on the 4th of September with results from this program expected in early October. The second round of RC drilling will be a combination of infill drilling at the Goblin prospect as well as new drilling at the Mission Sill prospect. | |
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