Galileo Mining Ltd (ASX: GAL) has identified valuable rhodium mineralisation in assays from the first four RC holes of the second RC drill programme at the Callisto palladium-platinum-gold-copper-nickel discovery within the company’s 100% owned Norseman project in Western Australia.
The latest rhodium assays from our Callisto discovery confirm the presence of rhodium at consistent grades across all the drill holes analysed to date,” Managing Director, Brad Underwood, said.
“The extensive continuity of mineralisation intercepted is remarkable and strengthens our belief that there is more to be found.
“Rhodium is a very rare metal that is predominantly used in automotive catalysts for pollution control as well as for jewellery, and other uses. It is almost always produced as a by-product of platinum, palladium, copper, or nickel mining.
“The occurrence of rhodium at Callisto has considerable potential to add value to the overall project. We are also encouraged by the metal suite contained at Callisto which is very similar as that found in South Africa’s Platreef deposits. And with the same disseminated sulphide style as seen at Platreef, we are building a geological model which supports the opportunity for further discoveries in the area.
“We currently have a large-scale program of RC drilling underway and a diamond drill rig is due on site in mid-August. Our recent capital raise has given us the funds to further expand drilling as required and with over five kilometres of prospective strike there is a lot more drilling to come.”
