👨‍💼Galileo presents at Mines & Money

Galileo Mining (ASX:GAL) is presenting at the Mines and Money conference this week and has today released its presentation to the ASX.

GAL is exploring for base metals in WA and has been held in our Next Investors portfolio for over two years.

The primary reason that we continue to hold GAL in our portfolio is in hope of a large metals discovery. GAL holds highly prospective grounds in the Fraser Range nickel belt which hosts the $1.8 billion Nova Nickel discovery and the more recent Silver Knight discovery (65% sold for $45M). We are invested in GAL to see it replicate a discovery of this magnitude.

However, we have also been impressed with the company’s progress at its Norseman Project, which has delivered strong nickel-copper-cobalt-palladium assays from aircore drilling.

You can see all the reasons why we continue to hold GAL in our portfolio and the objectives that we have set for it to achieve this year in our 2022 Investment Memo, here.

The presentation slides outline GAL’s planned upcoming drilling at its Norseman Project where it has identified palladium, nickel, and copper sulphide targets. A 1,500 metre RC drill campaign is planned to commence this month at Norseman’s Mt Thirsty prospect over five kilometres of untested strike.

This follows first aircore drilling at the project late last year that identified a massive nickel-copper-palladium sulphide intercept at just 60m depth. The follow up geophysical surveys and RC drilling is planned around and below nickel, cobalt, palladium, and platinum drill intercepts.