New nickel sulphide discovery confirmed

Our WA exploration Investment Galileo Mining (ASX:GAL) today reported on assays from the first four drillholes that intersected disseminated nickel sulphide mineralisation 400 metres north of the Callisto discovery.

Results included a big 50 metre drill intersection (from drillhole NRC346) containing higher grade nickel intervals, of 0.32% nickel from 95m (~80m below surface).

We like that these assays revealed a new style of mineralisation for the project area with nickel sulphide contained within a mafic-ultramafic intrusion.

In short, new targets and new mineralisation mean today’s results further increase the overall prospectivity of GAL’s Norseman project.

GAL also reported that a large-scale mafic-ultramafic intrusion is interpreted to occur 100 metres north of drillhole NRC346 that has the potential for a substantial nickel discovery.

This area, as seen circled in the image below, is now a priority follow-up drill target. Upcoming drill holes will focus on defining the sulphide zone and its potential relationship with the interpreted intrusion.

The large-scale mafic-ultramafic intrusion to the north and the nickel sulphide zone, for which assays were reported today, are each believed to be separate mineralised domains from Callisto to the south.

Norseman has seen minimal exploration in the past. The reason the area remains largely unexplored is because the mineralisation does not outcrop, whereas the historical exploration undertaken was only guided by surface sampling.

Now with the Callisto under its belt, GAL can effectively explore and discover the next generation of deposits that are not detected by surface prospecting techniques.

Today’s announcement is further progress for our #1 Objective for GAL, as outlined in our Investment Memo — to execute drilling campaigns at Norseman (Callisto) PGE Discovery.

GAL continues to explore the potential for a large mineralised system along its five kilometres of untested strike length, along with the potential for more mineralisation of the same style.