Galileo (ASX:GAL) goes deep at Callisto
November 16, 2022Galileo Mining diamond core drilling has confirmed increasing palladium and nickel grades at depth at its Callisto palladium- platinum-gold-rhodium-copper-nickel discovery within the Company’s 100% owned Norseman project in Western Australia.
Callisto geological interpretation section 6,448,000.
“Today’s assay results are confirmation that the Callisto mineralised system can host higher grades of palladium and nickel than what we have typically seen to date,” Managing Director Brad Underwood said.
“This provides us with even greater optimism that exploration within this new province has abundant opportunities for further discoveries.
“As well as higher palladium and nickel numbers, it is significant to note that the platinum, gold, and copper values are also increasing in this lower zone.
“The lower palladium seam appears to be related to a flatter lying part of the stratigraphy where mineralisation gently dips to the east at approximately 250 metres below the surface.
Price Action
The Company’s ASX-listed shares are $1.17 at Market Open.
Next Steps
Drilling continues on site with the diamond drill rig currently focussing on the zone to the east of NRCD280 and with follow-up RC drilling of the new disseminated sulphide zone in and around NRC346 to commence later this month.
About Galileo Mining
Galileo Mining Ltd (ASX: GAL) is focused on the exploration and development of palladium, nickel, copper, and cobalt resources in Western Australia. GAL’s tenements near Norseman are highly prospective for palladium-copper-nickel sulphide deposits, as shown by the Callisto discovery. GAL also has Joint Ventures with the Creasy Group over tenements in the Fraser Range, which are prospective for nickel-copper sulphide deposits similar to the operating Nova mine. GAL’s Norseman Project contains a near-surface laterite deposit with over 26,000 tonnes of contained cobalt and 122,000 tonnes of contained nickel in JORC-compliant resources
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