Galileo Mining is certainly not sitting idle at its Norseman cobalt project with the company lodging a mining lease application covering the Mt Thirsty resource while a scoping study of the project slated for November.
The MLA (M63/671) lodged with the Department of Mines, Industry Regulation and Safety covers 654 hectares and covers the Mt Thirsty resource.
The Norseman Cobalt Project Scoping Study, based on the JORC compliant resources at Mt Thirsty and at the Mission Sill, is progressing well with concentration test work underway.
Metallurgical samples will be utilised for leaching test work prior to the completion of scoping level capital and operating costs for the project.
The Norseman Cobalt Project Scoping Study is expected to be finalised in or around November 2018.
Galileo Managing Director, Brad Underwood, said the mining lease application, the progress of the scoping study and the latest exploration results all demonstrated the Company’s desire to progress the development of the Norseman Cobalt Project in a short time frame.
“Since listing on the 29th of May 2018 we have completed over 10,000 metres of exploration and metallurgical drilling at our Norseman project. These programs have allowed us to move quickly into the scoping phase of development and, under the current time line, we expect to have the scoping study finished in November 2018”.
“With our second exploration drilling program recently completed at the Norseman Cobalt Project we also aim to deliver additional positive exploration results over the coming month.” Mr Underwood said.
Meanwhile, resource extension drilling at Mt Thirsty has highlighted a new zone of mineralisation to the north of the existing JORC compliant resource.
Exploration drilling at the Hobgoblin prospect has also identified a new zone of mineralisation at greater than 0.06% cobalt over 1km of strike length.
Shallow, high-grade cobalt results include 21 metres at 0.15% cobalt from 21 metres including 3 metres at 0.36% cobalt from 27 metres, 6 metres at 0.12% cobalt from 6 metres.
Second round of RC drilling has been completed at the Mission Sill cobalt and platinum/palladium prospects with assay results expected in late September – October.
Since listing in May, Galileo has completed 10,817 metres of exploration drilling at its Norseman project being a total of 229 drill holes.
Shares in Galileo were at 24c in Friday morning trade.
