Fraser Range prospector Galileo Mining has revealed the final results and geological analysis of maiden drilling at its Lantern Prospect, following series of successful hits which have identified Nova-style anomalous nickel-copper sulphides.
Galileo Mining is backed by major shareholder Mr Mark Creasy, who played an integral role unlocking the Fraser Range and discovering the Nova-Bollinger and Silver Knight deposits.
The top result from Galileo’s first pass drilling recorded 7m at 0.18% nickel from a depth of 45m.
The nickel discovery is believed to contain large-scale mafic-ultramafic rocks, which have the capacity to host magmatic nickel mineralisation.
The explorer has revealed that the maiden drilling has delivered a series of excellent nickel targets, which are to be further inspected with ground electro-magnetic surveying to commence in May this year.
Commenting on the exploration success, Galileo Managing Director Brad Underwood said:
Our exploration team at Galileo has come out of the privately-owned Creasy Group where we previously made the Silver Knight discovery in the Fraser Range.
“We currently hold a high-quality land package in the Fraser Range, in Joint Venture with the Creasy Group, and are aiming to repeat our earlier success.
“The first round of aircore drilling at Lantern has delivered numerous positive indicators with sample results, mineralogy, and rock types, all increasing the prospectivity of the area,” he said.
Galileo holds more than 700km of exploration rights in the Fraser Range over two tenement areas, with exploration occurring at the Lantern prospect in the northern area and Empire Rose in the southern area.
While Galileo prepares for EM surveying at Lantern, Empire Rose will also receive attention with drilling planned in May.
The exploration will be Galileo’s first ever deep drilling in the Fraser Range and will inspect a strong conductor at approximately 250km below surface, identified with EM and IP geophysical surveys.