✅ More high grade palladium & platinum assays from Norseman

Published 24-MAR-2022 10:43 A.M.

1 min read

Today our long term exploration investment Galileo Mining (ASX:GAL) put out some more assay results from its recent aircore drilling program at its palladium-nickel-cobalt Norseman project in WA.

The results included two of the highest grading drilling results seen to date at the Norseman project with peak intercepts as follows:

8m @ 1.44g/t 2E (palladium + platinum), 0.11% nickel from 8m.
4m @ 1.7g/t 2E (palladium + platinum), 0.11% nickel from 12m.

These grades are especially high for an aircore drilling program.

For context, $2.6 billion capped Chalice’s Julimar discovery has a JORC resource with a palladium grade of ~1.6g/t.

With this latest batch of results, GAL has now proved up to a ~9km strike length and will be following all of these results up with deeper RC/diamond drilling.

With more targets generated worthy of following up with deeper drilling, we think the aircore drilling program has fulfilled its purpose so far, which was ultimately to identify some high priority drill targets for follow up.

We are particularly interested in the upcoming drilling where GAL initially hit a 1m massive sulphide intercept right in between two EM conductors. We have written about this target in our previous GAL note which can be read here.

To see the reasons why we continue to hold GAL in 2022 and the key objectives we set as things we want to see the company achieve in 2022 read our 2022 Investment Memo here.