Fraser Range explorer Galileo Mining (ASX:GAL) has identified an anomalous gold target just 2km from its Empire Rose prospect and will incorporate the site into an upcoming drilling campaign.
The Yardilla gold target adds further strength to the company’s Fraser Range portfolio, which is prospective for Nova-style nickel-copper deposits, which were first encountered and developed by the Company’s major shareholder Mark Creasy.
The target was identified following a review of historic drilling, with Galileo believing the previous drill campaign did not adequately test a chargeable feature identified from historic Induced Polarisation geophysical surveying.
A re-log of RC chips has demonstrated the presence of geochemically anomalous gold, silver, copper, molybdenum, and tellurium.
Commenting on the addition of gold to the Company’s commodity mix, Galileo managing director Brad Underwood said:
“Both the Yardilla South and Empire Rose Prospects have geophysical signatures consistent with mineralisation and the targets are further supported by geochemical and petrographical data obtained from drill samples.
“At Yardilla South we have identified a promising geochemical signature above a geophysical target and expanded our focus in the Fraser Range to include precious metals. The expanded focus complements our nickel-coper exploration at Empire Rose where we have previously reported shallow drill results, including 36m @ 0.2% nickel from 18m (1), along with encouraging geology, suggesting good potential at depth.
“The Fraser Range is a fast-developing mineralised province with exceptional promise and we are excited to begin Galileo’s first deep drilling in the area with the chance of making a discovery,” he said.
Both the Empire Rose and Yardilla South targets will be tested with the upcoming drilling program which is scheduled to begin in mid-May 2019.
Reverse circulation pre-collars will be drilled prior to target testing with diamond core tails. Diamond drilling is expected to provide a more thorough test of the prospects, offering more detailed information on structure, lithology and rock textures.