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Galileo Mining Ltd.
Summary
| Project: | Norseman | |
|---|---|---|
| Deposit: | Norseman | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Copper-Platinum-Palladium | |
| Date: | 8/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-8-2018: Galileo Mining Ltd. announces an Exploration/Drilling Update report for its Norseman deposit at the Norseman project. Drilling results incl. 29.0m @ 0.20% Co, 0.76% Ni, 2.06% Mn, 22% Fe from 22m. Galileo Mining (ASX: GAL, “Galileo” or the “Comp | |
| Resources: | ||
| CP/QP: | [Overall Report]: Brad Underwood (Internal) | |
| ABSTRACT: | Galileo Mining (ASX: GAL, “Galileo” or the “Company”) is pleased to advise assay results have been received from the diamond drilling program completed at the Norseman Cobalt Project in the Goldfields region of Western Australia. Diamond drilling for metallurgical samples within the known JORC resource(1) has confirmed the high-grade nature of the cobalt mineralisation with cobalt grades up to 1.1% intersected at shallow depths. Galileo Managing Director Brad Underwood said the successful completion of diamond drilling had provided the company with high quality samples to undertake further metallurgical test work. “The diamond drilling has reinforced the unique high grades of our cobalt mineralisation with over 1% cobalt recorded in some samples.” Mr Underwood said. “Our recent test work demonstrated significant cobalt upgrade from 0.1% to 0.28%(2) through conventional processing and we will continue to focus on beneficiation to maximise the value of the potential cobalt product.” “Ore concentration is a successful business model used in lithium mining and, if successful with our cobalt resource, could dramatically reduce the capital expenditure required for mine development as well as bringing forward the production and revenue timeframes,” Mr Underwood added. Composite intervals representative of mineralisation types within the cobalt resource will now be selected from the core to expedite the comprehensive metallurgical test work program. Ore beneficiation, detailed mineralogical analyses, variability testing, and pilot scale laboratory testing will occur over the next few months with results to be released as they become available. | |
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