Galileo Mining Ltd (ASX: GAL) has received promising results from a large programme of ongoing electro-magnetic (EM) surveying surrounding the Lantern Prospect in the Fraser Range region of Western Australia.
Managing Director Brad Underwood said surveying at the Green Moon prospect has also identified another strong EM conductor to complement the existing targets at the Lantern East/South and North prospects.
“Each programme of exploration we undertake is bringing us closer to understanding the potential of the ground we are working.
“Our ongoing EM surveys have revealed another strong conductor close to known zones of sulphide mineralisation at the Lantern Prospect.
“Combining these results with the petrography data confirms that we are working in a highly prospective area.
“The targets at Lantern East and Lantern South are now ready for drilling and we are steadily developing a pipeline of new targets for further testing. The Fraser Range is an exciting province to be exploring with excellent chances of a high value nickel discovery being made.”
Mr Underwood said ongoing EM surveying on Galileo’s exploration ground has uncovered a large and strong conductor approximately six kilometres from the Lantern Prospect where sulphides have previously been intersected.
The new conductor is at the Green Moon prospect where near surface aircore drilling has previously defined mafic intrusive rock types prospective for magmatic nickel-copper deposits1.
The recently completed section of the EM survey covered 77.2 km of survey lines being 790 stations over an area of approximately 31 sq. km. The survey crew have now moved to the south and are estimated to have covered 50% of the new survey area. A southern survey is scheduled for completion in November.
Modelling of the Green Moon anomaly shows a strong conductor of 4,000 Siemens with a strike length of 300 metres at a depth of 545 metres below surface.
Mr Underwood said that due to the depth of targets at the Green Moon and Lantern North prospects, additional surveying will be required to refine the conductors prior to drill testing. By comparison, the modelling of conductors at Lantern East is more robust and these targets are ready for drill testing.