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Galileo Mining Ltd.
Summary
| Project: | Fraser Range | |
|---|---|---|
| Deposit: | Lantern | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 6/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-6-2020: Galileo Mining Ltd. announces an Exploration/Drilling Update report for its Lantern deposit at the Fraser Range project. Drilling results incl. 27m @ 0.18% Ni from 48m. Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to ann | |
| Resources: | x | |
| CP/QP: | [Overall Report] Brad Underwood (Internal) | |
| ABSTRACT: | Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce initial results from fixed loop EM surveying has revealed a conductive target 1.5km along strike from disseminated sulphides intersected at the Lantern South prospect in the Fraser Range region of Western Australia. Results from aircore drilling have also delineated the ultramafic unit at the Lantern South prospect with results of 27m @ 0.18% nickel from 48m (LAAC116) and 17m @ 0.17% nickel from 48m (LAAC235). RC drilling of shallow targets at the Lantern South prospect is scheduled to commence in July with diamond drilling of the new EM target, and any additional targets to come out of the current EM survey, to begin in August. Figure 1 shows the location of the new EM target on the margin of a major gabbronorite intrusion. The target location is 1.5km along strike from the ultramafic unit at Lantern South which contains disseminated nickelcopper sulphide mineralisation. It is important to note that no conductive sediments (typically graphite and/or pyrrhotite bearing) have been intersected in aircore drilling which increases the likelihood that the conductor is related to sulphide mineralisation. The conductor is oblique to the strike of the margin of the intrusion and may represent a separate pulse of magma, similar to the ultramafic unit at Lantern South, which also crosscuts the regional magnetic fabric. Modelled parameters of the conductor are as follows; | |
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