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More high grade assay results - discovery continues to grow

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Published 04-JAN-2023 10:08 A.M.

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Announcement

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Trust Centre


This morning our long term Investment Galileo Mining (ASX: GAL) put out another batch of assay results.

The highlight intercept came from the deeper southeastern section of GAL’s discovery with a 33m intercept measuring 2.05g/t PGE’s.

Inside that intercept, GAL also reported a 1m interval with palladium grades up to 7.06g/t.

Today’s assay results demonstrate that GAL’s discovery has consistently high grades. For some context, the giant Platreef deposit, which GAL has compared its discovery to in the past, has palladium grades of ~2.01g/t.

Another interesting takeaway from today’s results was that GAL hit the highest individual copper and gold grades drilled to date - a positive sign that GAL’s discovery continues to hold significant exploration upside.

We found the following quote from Managing Director Brad Underwood the perfect summary of this potential:

“Geological interpretation suggests that the Callisto rock unit originated further to the east and that the ultimate source of mineralisation may yet be discovered at this location.

GAL plans to restart drilling in the deeper southeastern section of its discovery in mid-January to test this theory.

In the meantime, we’re looking forward to the remaining assay results pending from 15 RC and diamond drillholes.

What’s next for GAL?

Assay results pending from the red drillholes below 🔄

GAL.PNG