“Fantastic” nickel cobalt drilling results

Galileo Mining (ASX:GAL) has reported high grade nickel and cobalt results from first pass aircore drilling at the Norseman Project in WA.

Drilling at the project was one of the key objectives that we set for GAL to achieve this year, as was to see progress on the project’s cobalt and palladium potential. Given today’s results, we mark this as a success.

Results included up to 1.66% nickel and 0.16% cobalt from the Jimberlana prospect add further weight to the area’s prospectivity. This is an area known to have potential as it is underlain by large and highly conductive EM targets. As mentioned in a Quick Take last week, we were particularly interested in drilling where GAL initially hit a 1m massive sulphide intercept right in between two EM conductors, which we wrote about in a longer Note here.

Additionally, palladium and platinum drill results now extend over nine kilometres of strike length along a well-defined geological trend.

Underwood explained that the high nickel and cobalt assays, combined with the elevated levels of precious metals (gold, palladium and platinum), suggest that the results may be related to basement mineralisation beneath and adjacent to the aircore drill holes.

We’ll be watching GAL’s follow up geophysical surveys and RC drilling that’s planned around and below the nickel, cobalt, palladium, and platinum drill intercepts. This will define the best positions for further drill testing.

To see the reasons why we continue to hold GAL in 2022 and all the key objectives that we set for the company to achieve this year see our 2022 Investment Memo here.