Next Investors logo grey

GAL chasing a second discovery with 4,000m RC drill program.

|

Published 03-JUL-2023 11:00 A.M.

|

2 min read

Shares Held: 2,161,544

|

Options Held: 0

|

Announcement

|

Trust Centre


Our long term exploration Investment Galileo Mining (ASX: GAL) just started drilling its Jimberlana and Mission Sill prospects at its Norseman project in WA.

The 4,000m RC drill program is expected to take a month to complete and assay results are expected back in early August.

Context on the drill program:

Readers and GAL investors who have been following us since back in 2021 will know that the Jimberlana and Mission Sill targets were the targets GAL had just started drilling before making the Callisto discovery.

Attention quickly turned away from them in favour of the Callisto discovery but at the time, we knew that the Jimberlana and Mission Sill targets had:

  1. Aircore drilling in November 2021 - the aircore program delivered some strong PGE grades from shallow depths... an unexpected win and a reason to go back in and drill more on its own.
  2. Massive sulphides clipped with the aircore rig - this was perhaps the biggest unexpected news. GAL hit massive sulphides with its aircore rig - massive sulphides are usually not found at such shallow depths and rarely ever found with an aircore drill program.
  3. Strong EM conductors founder under the massive sulphides - GAL ran downhole EM and found two distinct EM conductors below.

Screenshot 2023-07-03 at 6.37.59 am

Massive sulphides are important because they are typically the host rocks to high-grade mineralisation (much of the Nova Nickel discovery was hosted in massive sulphides).

GAL immediately went back in and drilled where it had clipped the massive sulphides but wasnt able to workout where the mineralisation was coming from.

This was the release only a week before the Callisto discovery was made:

Screenshot 2023-07-03 at 6.39.05 am

Now GAL is going back to see if it can drill out the source and declare a new discovery.

See our deep dive on the Jimberlana and Mission Sill prospects here: Deeper Dive: Why do we like GAL’s Jimberlana drill targets?

What’s next for GAL?

Resource definition + step out drilling at Callisto 🔄

GAL is currently drilling to define a maiden resource estimat at its Callisto discovery.

A resource model will not only give the market an idea of how big GAL’s discovery is BUT also help with future drill programs and drill targeting.

Drill program at Mission Sill & Jimberlana 🔄

GAL is now running a 4,000m RC drill program across these two prospects.

Drilling is expected to take 1 month and assays are expected to be received in early August.