Galileo Mining progresses field surveys over new Norseman target zones
Proactive Investors
Published Feb 27, 2024 09:56
Updated Feb 27, 2024 10:30
Galileo Mining progresses field surveys over new Norseman target zones
Galileo Mining Ltd (ASX:GAL, OTC:GLMGF) has completed high-powered induced polarisation (IP) geophysical surveys on three of 12 planned lines at the North Callisto prospect within its Norseman project in Western Australia.
The interpretation of this IP data will provide drill targets for the upcoming drill campaign at North Callisto which is set to kick off in April.
North Callisto prospect with 10-kilometre sulphide target zone.
The company plans to continue IP surveying for the next few months over the project’s underexplored South Callisto and Mission Sill prospects, aiming to identify undercover sulphide deposits.
Field mapping of South Callisto and Mission Sill prospects, which will assist in generating new drill targets, is nearly complete.
South Callisto and Mission Sill prospect locations. Mapped areas and target zones for upcoming IP surveys are shown by the black outlines.
Galileo managing director Brad Underwood said: “Work at our Norseman Project has been moving quickly over the last month as we continue to undertake extensive geophysical surveys and field mapping programs.
“The first three lines of our 2024 IP survey program at North Callisto have been completed with a further nine lines planned. These IP lines are critical for the development of drill targets which will be tested in our planned April RC drill campaign.
“Field mapping of the South Callisto and Mission Sill prospects is nearly finished with geological maps to be produced over the next month. The geological maps will guide IP surveying and subsequent drilling at these prospects later in 2024.
"The breakthrough discovery of PGE-nickel Callisto deposit in 2022 has opened up the strong possibility of new discoveries within our highly prospective 254-square-kilometre Norseman land position.
“As the discoverer of a new deposit, Galileo has a unique first mover position to aggressively explore the area for new high-value resources. And with $10.4 million in cash, we are very well funded to undertake upcoming exploration programs.
“We are very excited to be exploring within such a prospective region of Western Australia with its long history of exploration and mining successes.”
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