Fraser Range Project Showing Exciting Potential
Galileo Mining Ltd (ASX: GAL) reports that positive assay results from recent diamond drilling have confirmed the exciting potential of the company’s Lantern area in the Fraser Range Nickel Belt of Western Australia.
Assays received for disseminated sulphides from the Lantern South prospect include 22.66m @ 0.19% nickel and 0.14% copper from 132.67m, including 5.95m @ 0.36% nickel & 0.29% copper from 134.82m
Managing Director Brad Underwood said the assays have confirmed the mineralised system at the Lantern Prospect is capable of producing high grade nickel-copper sulphide.
“These results are a very important step forward for the ongoing exploration programmes at our Fraser Range project.
“For the first time we have identified a small section of primary massive sulphide with high levels of nickel, copper, and cobalt. This means we have identified a mineralised system that can produce high grade nickel and copper.
“Our job now is to focus on those areas that have the potential to hold large accumulations of economic sulphides.
“We currently have two advanced prospects at Lantern South and Lantern East where more drilling is required to follow up on the work completed to date.
“And, given that we have confirmed the fertility of the rocks on our tenements, we will also be increasing our efforts to build our earlier stage prospects into drill targets as we look to create a suite of high quality prospects for drill testing.”
Only a limited amount of drilling has been undertaken at the Lantern prospects with Galileo the first company to explore the area for basement mineralisation. No previous nickel exploration has occurred on Galileo’s northern Fraser Range tenure which provides the Company with a first mover advantage on a virgin greenfields property in a new nickel belt.
Given the significant occurrence of nickel and copper mineralisation Galileo has accelerated plans to develop more regional prospects into drill targets. Regional moving loop EM surveying is continuing to the north and the south of the Lantern prospect and is expected to be completed by mid-November.
Further EM surveying will then be undertaken at other early stage Galileo prosepcts including Delta Blues where aircore drilling in 2019 showed nickel prospective intrusive rocks with weathered sulphides observed in petrographic samples.
Delta Blues is along strike from S2 Resources Conductor prospect in the south and from Legend Mining’s Crean prospect in the north. EM surveying at Delta Blues is planned to commence in November and be completed in January.