Following the footsteps of Mark Creasy’s Fraser Range discoveries such as Nova-Bollinger and Silver Knight, the Creasy-backed Galileo Mining has unearthed highly-anomalous nickel-copper sulphides during a maiden drilling campaign at its nearby Lantern Prospect.
The second batch of assays delivered significant results, including 27m at 0.18% nickel and 0.17% copper.
The drilling also hit a maximum copper value of 0.36% and a maximum nickel value of 0.34%.
Galileo has said it views the drilling campaign as a stellar success, locating prospective mineralisation despite lying under cover, which prevents typical exploration activities, such as soil and rock chip sampling.
The cover was also shallower than in other parts of the Fraser Range, with the average drill hole depth just 59m, with cover rock typically between 40 and 60 metres over basement rock
A total of 76 drill holes were completed at the Lantern Prospect with 4,451 metres drilled
Commenting on the second assay results, Galileo Managing Director Brad Underwood said:
Following on from our initial assays at the Lantern Prospect, the project continues to deliver high quality results.
“Today’s announcement has enhanced the area’s prospectivity with new assay results, sulphides in rock chips, and encouraging host rock geology, all supporting our view that the Lantern Prospect may hold significant economic nickel-copper mineralisation.
“We have been fortunate to hit anomalous nickel and copper in the first ever drilling program given the target zone covers over four square kilometres in size. We take this to be a very encouraging sign for the overall prospectivity of the area,” he said.
The company has results from another 42 drill holes pending, which will wrap up its first foray at the Lantern prospect.
Galileo is already intending to increase its planned activities at Lantern, based on the successful campaign, with the explorer proposing to conduct more ground electro-magnetic surveying and follow up drilling.