For thousands of other reports visit RSC's Mineral Intellingence Map
Galileo Mining Ltd.
Summary
| Project: | Fraser Range | |
|---|---|---|
| Deposit: | Latern | |
| Location: | Australia | |
| Commodities: | Nickel-Copper | |
| Date: | 3/17/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-3-2020: Galileo Mining Ltd. announces an Exploration/Drilling Update report for its Latern deposit at the Fraser Range project. Drilling results incl 12m @ 0.38% Ni, 0.33% Cu from 124m. Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brad Underwood (Internal) | |
| ABSTRACT: | Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce significant nickel and copper assay results from RC drilling at the Lantern Prospect in Western Australia’s Fraser Range Nickel Belt. Commenting on the results Galileo Managing Director Brad Underwood said: “This is an excellent result from the first ever RC drilling program at the Lantern Prospect. We have now discovered a fertile mineralised system containing nickel and copper sulphides. Our next step is to define the extent and quantity of the target metals and, given that we have over two kilometres of untested strike length at this one target alone, the potential for a large discovery is outstanding.” Three Reverse Circulation (RC) drill holes were completed around an existing geochemical anomaly generated from aircore drilling undertaken in 2019. Two drill holes (LARC001 and LARC002) confirmed the geochemical anomaly while the third drill hole (LARC003) identified the source of the anomaly by intersecting nickel-copper sulphide mineralisation in fresh rock. Disseminated sulphide mineralisation in LARC003, with an estimated maximum of 12 per cent sulphide over a one metre interval, occurs at a contact zone between a mafic/ultramafic intrusion and the host country rock. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report