Mark Creasy-backed minerals prospector Galileo Mining (ASX:GAL) has added another major cobalt resource at its WA-based Norseman project, bringing the total contained cobalt to 26,600 tonnes.
The cobalt bump is courtesy of its Goblin prospect, with the just-announced JORC 2012 Mineral Resource Estimate recording 4.9 million tonnes, grading at 0.08 percent for a total of 4,100 tonnes of cobalt.
Galileo has now amassed a combined resource at Norseman of 25.1 million tonnes at 0.11 percent cobalt.
Results from the Goblin prospect are at a shallow depth, with the mineralised zone typically found between 12 and up to 60 metres below surface.
The company has said it is now investigating the possibility of an open-cut mining operation, with the shallow resource also consisting of a similar geological style as its other JORC resources at Mt Thirsty and Mission Sill.
The Goblin prospect lies 3km south of Galileo’s main resource at Norseman and has an identified strike length of approximately 2km.
The new resource was estimated by consultants CSA Global, from 78 reverse circulation drill holes covering almost 4km of drilling, conducted during the second half of 2018.
Commenting on the new JORC Resource, Galileo managing director Brad Underwood said:
“The Goblin resource is a great result and confirms our belief that significant zones of cobalt mineralisation occur outside of our current JORC resources.
“We are confident that this continues to be the case and look forward to the opportunity of adding further resources with our exploration and resource extension drilling programs planned for 2019,” he said.
Galileo has signified its intent to accelerate its activities at Norseman following its intensive exploration at Goblin.
The company has said it intends to conduct an airborne magnetic survey as well as both infill and extensional drilling at Mission Sill.
