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GAL keeps hitting more mineralisation to the north

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Published 22-JUN-2023 09:00 A.M.

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Announcement

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Trust Centre


Yesterday our long term exploration Investment Galileo Mining (ASX: GAL) hit more nickel/PGE’s ~600m to the north of its existing Callisto discovery.

GAL hit a ~184m intercept with grades of 0.21g/t PGE’s with a higher grade section where grades were up to ~2.32g/t over a 4m intercept.

The more important takeaway for us is that GAL continues to hit mineralisation to the north where the company has over 5km of prospective strike.

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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 🔄

Yesterday GAL confirmed its 4,000m RC drill program across the Jimberlana and Mission Sill targets would start “in late June”.

Readers 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 Calisto discovery.

Attention quickly turned away from the two prospects without working out what was below -

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We covered the upcoming drill program in detail in our most recent GAL note here: Deeper Dive: Why do we like GAL’s Jimberlana drill targets?