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Galileo Mining Ltd.
Summary
| Project: | Norseman | |
|---|---|---|
| Deposit: | Mission Sill South | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Copper-Platinum-Palladium | |
| Date: | 10/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-10-2018: Galileo Mining Ltd. announces an Exploration/Drilling Update report for its Mission Sill South deposit at the Norseman project. Drilling results incl. 27.0m @ 0.09% Co, 0.42% Ni, 0.09% Mn, 35% Fe from 33m. Galileo Mining Ltd (ASX: GAL, “Galileo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brad Underwood (Internal) | |
| ABSTRACT: | Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce several thick intersections from resource extension drilling around existing cobalt mineralisation at the Norseman Cobalt Project. The drilling was focussed on identifying extensions to the existing Mission Sill South cobalt resource (Figure 1) and highlights that potential for resource upgrades and extensions remains at the Norseman Cobalt Project, located in the Goldfields region of Western Australia. A total of 43 RC holes were completed at the Mission Sill South Cobalt Prospect. Results for 8 of these holes were reported on 27th September and included high grade cobalt-PGE within the Mission Sill South cobalt resource area (ASX Release 27 September 2018). The production of an updated JORC 2012 compliant cobalt resource for the Mission Sill South area can now be undertaken utilising the new drilling data. Drill holes with cobalt mineralisation will also be assayed for platinumpalladium to understand the distribution of these high value metals within the area. Galileo Managing Director, Brad Underwood, said the continued identification of cobalt mineralisation outside of the currently known resources provided encouragement for the potential increase of JORC compliant resources at Norseman. “Currently we have over 22,000 tonnes of contained cobalt in our JORC resource inventory (1) . We aim to build this resource base at the same time as we are completing metallurgical studies and progressing our scoping study.” “Our news flow over the next month will include more assay results from drilling at Norseman as well as details of metallurgical work currently being undertaken. We are also pleased to advise that first pass drilling at the Empire Rose prospect in the Fraser Range has been completed and samples from this program are currently at the laboratory awaiting analysis.” Mr Underwood said | |
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