More high grade assays from shallow zone of discovery

Yesterday morning, our long term exploration Investment Galileo Mining (ASX: GAL) put out another batch of assays.

The assays confirmed consistently high grade PGE mineralisation in the shallow western section of GAL’s discovery.

Some of the highlight assays are as follows:

• 30m at 2.08g/t PGE’s from 149m.
• 30m at 1.88g/t PGE’s from 152m.

The main takeaway is that GAL’s discovery continues to extend to the west, where the discovery looks like it is getting closer to surface.

The significance of shallow mineralisation is that it is much cheaper and easier to mine, which is a positive for the overall economics of the discovery.

Next:

We are waiting for the assays from the recent massive sulphide intercepts the company made towards the eastern part of its discovery (green section in the image above).

We think massive sulphides could be a game changer for GAL’s discovery because they are generally the host rock for higher grade zones of mineralisation.

We touched on the significance of these massive sulphides in our last GAL note which you can read here: GAL Hits “Massive” Sulphides - Here’s Why It Matters.

With 8,600 metres of RC drilling and 1,400 metres of diamond drilling completed as part of GAL’s current drilling program, there are still plenty of assays to come.

We hope the rest of the drillholes continue to show continuity in all directions and an overall increase in the size of GAL’s discovery.