The Mark Creasy-backed Galileo Mining (ASX:GAL) is back in its traditional home of the Fraser Range, with an air-core drilling campaign getting underway, searching for nickel-copper deposits.
The drilling will occur across its Nightmarch and Lantern prospects, totalling between 5,00 and 7000 metres drilled.
Galileo will be hoping to encounter anomalous nickel and copper underneath shallow cover rock, with the exploration activities representing the first drilling to occur at either prospect.
According to Galileo, the cover rock prevents signs of basement material at surface, meaning the drilling will provide valuable information on the deeper mineralisation.
The Lantern and Nightmarch targets have been developed from detailed magnetic and gravity data not previously available to explorers,” Galileo managing director Brad Underwood said.
“Galileo’s drilling program will be the first tests of these new targets with the possibility for a significant discovery.
“The Fraser Range has delivered two important nickel-copper discoveries, at Nova and at Silver Knight, and is demonstrating its potential to become an important new mining province.
“We look forward to updating the market with further information as we progress the development of these exciting new prospects,” he said.
The Lantern prospect has been interpreted from 50 metre line spaced aeromagnetic data and has excited investors with a magnetic signature that is similar to the host rock intrusion at the Nova mine.
Nightmarch has also proven its credentials as a quality Fraser Range target through a combination of detailed magnetic and gravity data.
Magnetic modelling suggests relatively shallow depths to the top of drill targets at 40 to 80 metres.
Galileo has developed its Fraser Range targets while also building-up its cobalt assets in southern Western Australia. The miner holds over 26,000 tonnes of contained cobalt, and 122,000 tonnes of contained nickel, in JORC compliant resources at Norseman.
