Galileo Mining (ASX:GAL) expects assay results in the next four weeks from its first diamond core drilling program at its Empire Rose and Yardilla South prospects in the highly prospective Fraser Range Belt.
Three holes for 1,129 metres – 467m of RC pre-collars and 662m of diamond core tails – were drilled with more to be undertaken depending on assay results and results of down-hole electromagnetic (DHEM) surveying.
Volcanic and sedimentary rocks prospective for gold, copper and zinc in a VMS setting have been intersected. Approximately 320 samples have been selected for multi-element and gold analyses.
Samples are being sent to laboratory with assays currently pending.
Shares in Galileo were trading today at 13c.