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Galileo Mining Ltd.
Summary
| Project: | Norseman | |
|---|---|---|
| Deposit: | Norseman | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Copper-Platinum-Palladium | |
| Date: | 12/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2018: Galileo Mining Ltd. announces a Resource Estimation report for its Norseman deposit at the Norseman project. Updated mineral resource estimate at Norseman. Galileo Mining (ASX: GAL, “Galileo” or the “Company”) is pleased to announce the maiden | |
| Resources: | (Resource, Inf.): 25.1Mt @ 0.11% Co, 0.49% Ni | |
| CP/QP: | [Resources]: Brad Underwood (Internal) | |
| ABSTRACT: | Galileo Mining (ASX: GAL, “Galileo” or the “Company”) is pleased to announce the maiden JORC 2012 compliant Inferred Resource for its Goblin Prospect located within the Norseman Cobalt Project in the Goldfields region of Western Australia. With the addition of the Goblin prospect, the global resource base of the Norseman Cobalt Project now stands at 25.1Mt @ 0.11% cobalt (at a 0.06% cobalt cut-off) for 26,600t cobalt and 122,400t nickel 1. The Goblin Prospect is located 3 kilometres south of Galileo’s main resource at Norseman (Figure 3) and has an identified strike of cobalt mineralisation of greater than two kilometres (Figure 1). The cobalt mineralisation occurs at shallow depths of between 12m and 60m and is consistent in style with the Company’s existing JORC resources at Norseman. Independent consultants CSA Global completed the Mineral Resource Estimation on behalf of the Company. Galileo Managing Director Brad Underwood said that the new JORC resource at the Goblin Prospect validated the Company’s strategy of building up the project’s resource base while undertaking metallurgical test work to understand the most efficient method of metal extraction from those resources. “The Goblin resource is a great result and confirms our belief that significant zones of cobalt mineralisation occur outside of our current JORC resources. We are confident that this continues to be the case and look forward to the opportunity of adding further resources with our exploration and resource extension drilling programs planned for 2019.” | |
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