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THE DAILY ROADHOUSE

 

Stavely Minerals Continues Thursday’s Gossan Growth

THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported further news from the shallow, high-grade copper-gold discovery at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Calidus Resources Hits More Gold in Planned Klondyke Pit

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported a further batch of high-grade RC drilling results from the company’s Warrawoona gold project in the Pilbara of Western Australia.

Independence Group Makes Take-Over Bid for Panoramic Resources

THE BOURSE WHISPERER: Independence Group (ASX: IGO) rattled the boards of the ASX by announcing its intention to make an off-market takeover offer to acquire all of the ordinary shares of Panoramic Resources (ASX: PAN) it does not already own.

Galileo Mining Confirms Fraser Range Nickel Target

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) recently completed aircore drilling at the company’s Lantern prospect, within the Fraser Range nickel belt of Western Australia.

Rox Resources Hits Healthy Gold Intersections at Youanmi

THE DRILL SERGEANT: Rox Resources (ASX: RXL) released results of an air core drilling program undertaken at the company’s VMC Joint Venture, located north of the historical Penny West gold mine and the historical Magenta and Columbia gold prospects in Western Australia.

 

Galileo Mining Confirms Fraser Range Nickel Target

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) recently completed aircore drilling at the company’s Lantern prospect, within the Fraser Range nickel belt of Western Australia.

Galileo Mining said the drilling confirmed a highly prospective intrusive gabbronorite rock unit above a previously reported conductor with aircore drill holes hitting a maximum depth of 102 metres.

The drilling was designed as a first pass test to confirm the prospectivity of the conductive targets which have been modelled at approximately 340m depth.

Galileo said the confirmation of prospective rock units will assist targeting efforts for future programs of work, which is expected to include RC drilling and diamond drill hole testing of the conductive targets, looking for nickel sulphide mineralisation.

The Lantern Prospect is situated in the northern Fraser Range block where Galileo has 500 square kilometres ground holding, surrounded by Independence Group and Legend Mining, both of which are working up multiple prospects.

“The second drilling program at Lantern has again confirmed we have the right rock types with the potential to host significant nickel sulphide mineralisation,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities Exchange.

“The intrusive rock unit matches the location of a conductive zone at depth which provides us with an excellent target for drill testing.

“We also have access to diamond drill hole funding through the state government Exploration Incentive Scheme which allows us to efficiently use shareholder funds in the pursuit of high value discoveries.”

The aircore drilling has demonstrated that up to 100 metres of cover rocks and weathered regolith occur at the prospect resulting in relatively low penetration of the EM signal into the ground.

Galileo is now planning RC drilling at Lantern to provide a platform for Down Hole Electro-Magnetic (DHEM) surveying.

DHEM surveying across four proposed drill holes will allow for more accurate definition of the conductive response below the cover rocks prior to diamond drill hole testing.

The Lantern prospect is a blind, undercover target the company considers to represent a next generation undercover prospect with potential to host mineralisation.

Additional aircore drilling undertaken at a second target within the Lantern area has expanded the known extent of the prospective differentiated intrusion.

This has been interpreted by the company to demonstrate an increased search space for nickel mineralisation at the Lantern prospect along strike to the north of the conductive trend.

The new target occurs on the northern margin of a differentiated intrusion outside of the area covered by the original EM survey.

A new EM survey will be required to advance this target through to the drill testing phase of exploration.

 

Email: info@galmining.com.au

Web: www.galmining.com.au

 

Galileo Mining (ASX: GAL)

THE CONFERENCE CALLER: Galileo Mining (ASX: GAL) is undertaking exploration activities at the company’s Empire Rose and Yardilla South prospects in Western Australia’s highly prospective Fraser Range Belt.

Both the Empire Rose and Yardilla South prospects are well developed targets where initial shallow drilling, geophysical surveying, and geochemistry suggests potential for economic mineralisation at depths between 150m and 250m below surface.

The company is also conducting the first drilling program at the company’s Subzero prospect near Norseman, also in Western Australia.

The Resources Roadhouse spoke with Galileo Mining managing director Brad Underwood and technical director Noel O’Brien at the RIU Resources Investor Roadshow in Melbourne.

CLICK ON THE PIC BELOW TO VIEW VIDEO

Galileo Mining drilled six Reverse Circulation (RC) at the Subzero prospect, constituting the first drilling program focussed on testing beneath a zone of outcrop with anomalous surface copper assays.

Three holes (NRC241 to 243) were drilled on the same section to provide an understanding of the geometry and potential for mineralisation.

A further three holes (NRC244 to 246) were drilled beneath the outcrop 25 metres north and south of the drill section.

Galileo declared the drilling had intersected highly anomalous zinc and copper in all six drill holes.

 

Email: admin@galmining.com.au

Web: www.galmining.com.au

 

Galileo Mining Scores First-up Subzero Zinc and Copper Hits

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) was excited to announce the results from the first drilling program at the company’s Subzero prospect near Norseman in Western Australia.

Galileo Mining drilled six Reverse Circulation (RC) at the Subzero prospect, constituting the first drilling program focussed on testing beneath a zone of outcrop with anomalous surface copper assays.

Three holes (NRC241 to 243) were drilled on the same section to provide an understanding of the geometry and potential for mineralisation.

A further three holes (NRC244 to 246) were drilled beneath the outcrop 25 metres north and south of the drill section.

Galileo declared the drilling had intersected highly anomalous zinc and copper in all six drill holes, including:

NRC243
29 metres at 0.49 per cent zinc from 119m, including 10m at 0.14 per cent copper, 0.37 per cent zinc and 1.9 grams per tonne silver from 137m;

NRC241
16m at 0.41 per cent zinc from surface, including 8m at 0.15 per cent copper, 0.62 per cent zinc and 3g/t silver from 8m; and

NRC242
14m at 0.22 per cent zinc from 26m and 16m at 0.28 per cent zinc from 42m.

The company said gold and copper assays suggest potential for VMS mineralisation from:

NRC241
6m at 0.1g/t gold, 1.9g/t silver and 0.12 per cent copper from 34m; and

NRC242
5m at 0.1g/t gold, 1.9g/t silver and 0.14 per cent copper from 76m.

“This first round of drilling at the Subzero prospect has demonstrated the rocks are mineralised with highly anomalous values of copper, zinc and gold,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities Exchange.

“It appears that the mineralisation is related to a large-scale volcanic system with potential for an economic VMS style deposit.

“Importantly, our extensive conductive target has been shown to be related to sulphides containing copper and zinc.

“With over two kilometres of untested strike length we also have a large number of additional targets ready for our next phase of drilling to commence in November.”

 

 

Email: info@galmining.com.au

 

Web: www.galmining.com.au

 

Galileo Mining Samples High-Grade Copper

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) released surface sampling results from the recently identified Subzero copper prospect at the company’s 100 per cent owned Norseman project in Western Australia.

Galileo Mining retrieved high-grade copper oxide samples with up to 19.9 per cent copper, and multiple iron rich gossan samples up to 1.1 per cent copper from a zone of outcrop centred around historic workings.

The company explained the surface samples were taken from a volcano-sedimentary rock unit that can be traced for over two kilometres and occurs to the west where it is covered by shallow alluvial sediments.

The best samples were taken at the Subzero prospect adjacent to a historic shaft and prospecting pits.

Galileo believes further prospectivity exists to the north and south in the same rock unit over a two-kilometre strike length, and to the west where the same prospective host rock occurs under shallow cover material.

“This is a fantastic result from initial work carried out by the company based on our inhouse prospectivity analysis of mineral potential at Galileo’s Norseman project,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities Exchange.

“Our recently completed ultra-detailed magnetic survey has allowed us to undertake a geological interpretation of the area not possible by previous explorers.

“In doing so we have uncovered historic copper prospects that were last looked at in the 1970s

“We will now focus on building up the prospects to drill ready status through the use of modern electromagnetic (EM) surveying methods aimed at identifying significant sub-surface copper mineralisation.”

 

Email: info@galmining.com.au

Website: www.galmining.com.au

 

Galileo Mining Kicks Off Fraser Range Drilling

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) has drilling underway at the company’s Empire Rose and Yardilla South prospects in Western Australia’s highly prospective Fraser Range Belt.

Galileo Mining indicated the drilling program will consist of approximately 600 metres of RC pre-collars and 600m of diamond core tails.

The company has three initial holes planned with more work to be undertaken as results dictate.

Both the Empire Rose and Yardilla South prospects are well developed targets where initial shallow drilling, geophysical surveying, and geochemistry suggests potential for economic mineralisation at depths between 150m and 250m below surface.

“We are excited to begin our first diamond drilling campaign in the Fraser Range,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities Exchange.

“The Fraser Range is a fast-developing mineralised province and we hope to make a discovery with the drilling we have planned.”

 

Email: info@galmining.com.au

Website: www.galileomining.com.au

 

Galileo Mining Ltd (ASX: GAL)

Galileo Mining has provided its investors plenty to smile about of late.

The cashed-up nickel–copper-cobalt play hit its stride at the company’s Fraser Range project in Western Australia.

Galileo – which listed back in May 2018 and is backed by highly successful prospector Mark Creasy who holds a 31 per cent stake – recently wrapped up a maiden drilling campaign at the Fraser Range project – a Joint Venture 67 per cent-owned by Galielo and 33 per cent-owned by Creasy’s private vehicle, Creasy Group.

The Fraser Range – which lies around 250 kilometres from Kalgoorlie – is an emerging nickel province home to two world-class nickel discoveries, the Nova-Bollinger deposit and the Silver Knight deposit.

Independence Group’s (ASX: IOG) Nova project – discovered back in 2012 on ground Creasy first started picking up back in the 1990s – effectively kicked off the ‘nickel rush’ in the Fraser Range region.

In production since July 2017, Nova produced 22,258 tonnes of nickel and 9,545 tonnes of copper in its maiden year of production.

Meanwhile, Creasy Group’s 100 per cent-owned Silver Knight deposit boasts an initial JORC resource of 4.2 million tonnes grading at 0.8 per cent nickel, 0.6 per cent copper and 0.04 per cent cobalt including a higher grade 200,000 tonnes at 3 per cent nickel, 1.9 per cent copper and 0.17 per cent cobalt.

Importantly, Galileo’s exploration team helped discover Silver Knight when they were part of Creasy Group, highlighting the team’s significant exploration success in the region.

Galileo is hoping another Nova or Silver Knight discovery lies on their tenement portfolio covering 492 square kilometres in Fraser Range, a province the company firmly believes has exceptional potential for new discoveries.

Success at Lantern target

In February 2019, Galileo kicked off an aircore drilling campaign at two high priority targets – the Lantern and Nightmarch prospects – the first drilling to occur at either prospect.

Early results were highly encouraging, with Lantern returning anomalous nickel and copper results from the first drilling program completed.

Best assay results included:

27 metres at 0.18 per cent nickel and 0.17 per cent copper from 47m and 8m at 0.21 per cent nickel and 0.03 per cent copper from 45m.

Galileo considered tis result to greatly improve the prospectivity of the area.

This was backed up by final samples from Lantern, which included a best result of 7m at 0.18 per cent nickel from 45m.

The results were music to the ears of investors and management alike with managing director Brad Underwood quick to point out the program had successfully delineated target zones within Lantern of sufficient scale to potentially host significant economic nickel-copper mineralisation.

“We have been fortunate to hit anomalous nickel and copper in the first ever drilling program given the target zone covers over four square kilometres in size,” Underwood told The Resources Roadhouse.

“This drilling has delivered numerous positive indicators with sample results, mineralogy, and rock types, all increasing the prospectivity of the area.”

Galileo has now wrapped up first round drilling at Lantern with 76 drill holes completed for 4,451 metres.

Geochemical, petrographical, and drill hole logging data identified multiple prospective intrusions over a horizon of around seven kilometres length.

Petrography results from Lantern has also confirmed rock types considered to be capable of hosting magmatic nickel mineralisation.

Follow up work included a wide-ranging ground EM survey in May, which was designed to identify electrically conductive signatures that may represent economic sulphide mineralisation.
Empire Rose on the horizon.

At the other end of the Fraser Range belt, approximately 30 kilometres from the Nova mine site, lies Galileo’s Empire Rose prospect where a round of aircore drilling and EM and IP surveys identified a conductive target with potential for sulphide mineralisation at 250m deep.

Drill testing of the prospect is scheduled to start in May with a Reverse Circulation (RC) pre-collar to be followed by a diamond drill tail through the target zone.

Underwood said Galileo had now received drilling approvals for the prospect with drilling scheduled in May.

“The upcoming work at Empire Rose will be the first time Galileo has conducted deep drilling in the Fraser Range,” he said.

“Empire Rose is a stand-out target and it is an exciting time for the company as we prepare for drill testing.”

 

Email: info@galileomining.com.au
Web: www.galileomining.com.au

Directors: Simon Jenkins, Brad Underwood, Noel O’Brien

 

Galileo Mining Defines New Drill Target

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) completed a review of historic work undertaken at the company’s Yardilla South prospect in the Fraser Range Province of Western Australia.

A review of the Yardilla South prospect revealed historic drilling did not adequately test a chargeable feature identified from historic Induced Polarisation (IP) geophysical surveying.

Galileo has completed an updated interpretation of the IP survey, a re-log of the original RC chips, and petrographic analyses of selected intervals from the historic drilling.

Galileo Mining said the review defined the new, drill-ready gold target at Yardilla South that is just two kilometres from the company’s existing Empire Rose nickel-copper target.

Galileo intends testing both prospects in its upcoming drilling program scheduled to commence in mid-May 2019.

“Both the Yardilla South and Empire Rose prospects have geophysical signatures consistent with mineralisation and the targets are further supported by geochemical and petrographical data obtained from drill samples,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities exchange.

“At Yardilla South we have identified a promising geochemical signature above a geophysical target and expanded our focus in the Fraser Range to include precious metals.

“The expanded focus complements our nickel-coper exploration at Empire Rose where we have previously reported shallow drill results, including 36 metres at 0.2 per cent nickel from 18m, along with encouraging geology, suggesting good potential at depth.”

 

Email: info@galmining.com.au

Website: www.galmining.com.au

 

Galileo Mining Turns On Prospective Nature of Lantern

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) declared final drilling and petrology results from maiden aircore drilling carried out at the company’s Lantern prospect within the Fraser Range province in Western Australia.

Galileo Mining declared the latest nickel assays have confirmed the highly prospective nature of the Lantern area.

Petrography -the scientific description of rock composition and drilling results – also demonstrated that mafic-ultramafic rocks, with the capacity to host magmatic nickel mineralisation, occur at Lantern as large-scale intrusions over at least seven kilometres.

The company said the aircore drilling program delineated target zones within the Lantern area of sufficient scale to potentially host large volumes of economic mineralisation.

Ground electro-magnetic (EM) surveying designed to look for conductors associated with nickel sulphide mineralisation is planned to commence in May.

“Our exploration team at Galileo has come out of the privately-owned Creasy Group where we previously made the Silver Knight discovery in the Fraser Range,” Galileo Mining managing director Brad Underwood said in the company’s announcement to the Australian Securities Exchange.

“We currently hold a high-quality land package in the Fraser Range, in Joint Venture with the Creasy Group, and are aiming to repeat our earlier success.

“The first round of aircore drilling at Lantern has delivered numerous positive indicators with sample results, mineralogy, and rock types, all increasing the prospectivity of the area.

“The upcoming work at Empire Rose will be the first time Galileo has conducted deep drilling in the Fraser Range.

“Empire Rose is a stand-out target and it is an exciting time for the Company as we prepare for drill testing.”

 

Email: info@galmining.com.au

Website: www.galmining.com.au