With years of experience in the Fraser Range as a former Mark Creasy-owned private company, Galileo Mining (ASX:GAL) is primed for further success in the region and is continuing exploration with a new IP geophysical survey which has recently commenced.
The survey is running over ground at the company’s Empire Rose prospect where a first round of drilling encountered an encouraging 36m at 0.2 percent nickel.
An earlier EM survey over the prospect also identified a conductive target which has the potential to hold sulphide mineralisation down dip from existing nickel drill intercepts.
Galileo reports that the IP survey which is underway will help to refine this conductive target.
Commenting on the feverish work rate within the Fraser Range, Galileo managing director Brad Underwood said very few listed companies operating in the region have produced nickel results as strong as Empire Rose, outside of the Nova-Bollinger mine site.
Galileo was spun out of the Creasy Group and listed on the ASX on the 29th of May this year. Within six months, and on the back of our first drilling program, we have delivered highly encouraging results from our Fraser Range project.
“This outcome can be attributed to our team’s high level of expertise in the Fraser Range with two of the geologists involved in the discovery of the Creasy Group’s Silver Knight deposit now working for Galileo.
“Between the staff at Galileo we have a combined total of over 15 years’ successful exploration experience in the Fraser Range. No other publicly listed company has staff with the same level of exposure to discoveries in the Fraser Range as Galileo,” he said.
Galileo is also prepped for drilling at its other Fraser Range prospects, Nightmarch and Lantern, with programs of works at both sites approved by the Mines Department.
The prospector has announced that drilling is anticipated at Nightmarch and Lantern by February 2019.