Weather Delays Fraser Range Drilling Amid Norseman Assay Breakthrough
Galileo Mining reports promising palladium and platinum assay results from aircore drilling at its Norseman project, reinforcing potential for new discoveries along the Mission Sill trend. Follow-up drilling is planned to expand on these encouraging findings.
- Peak palladium assay of 4.1 g/t and platinum assay of 2.5 g/t from recent aircore drilling
- New assays confirm potential for additional PGE resources along 12km Mission Sill trend
- Follow-up aircore and reverse circulation drilling programs planned
- Fraser Range drilling delayed due to weather, assays expected late July
- Norseman project hosts 17.5Mt Callisto resource discovered in 2022
Strong Assay Results Highlight Norseman’s Potential
Galileo Mining Ltd (ASX, GAL) has released new assay results from its recent aircore drilling program at the Norseman project in Western Australia, delivering encouraging grades of palladium and platinum. The standout intercepts include a peak palladium assay of 4.11 grams per tonne and a platinum assay of 2.47 grams per tonne over one metre, underscoring the project’s potential to host significant platinum group element (PGE) mineralisation.
These results come from detailed one-metre sampling following initial composite assays, providing a more precise understanding of the mineralisation. The Mission Sill trend, a 12-kilometre prospective corridor within the Norseman tenure, has emerged as a key focus area for Galileo’s exploration efforts.
Building on the Callisto Discovery
The Norseman project is already home to the Callisto deposit, a 17.5 million tonne resource discovered in 2022, which marked a significant milestone as one of Australia’s first deposits analogous to South Africa’s Platreef style mineralisation. The new assay results reinforce the prospectivity of the region and suggest that further valuable PGE resources could be delineated with continued drilling.
Galileo’s Managing Director, Brad Underwood, highlighted the significance of these findings, noting that the company is well positioned to expand its resource base. He emphasised that the Norseman project remains one of the few Australian assets with existing PGE resources, and the recent assays demonstrate the potential for additional discoveries.
Next Steps and Exploration Outlook
Following these promising results, Galileo is planning follow-up drilling programs, including both aircore and reverse circulation (RC) drilling, to better define the extent of mineralisation and test new targets identified from the recent data. The company is particularly focused on the NAC617 target zone, where high-grade assays were recorded and which remains open to the east.
Meanwhile, drilling activities at Galileo’s Fraser Range project have been delayed due to adverse weather and challenging ground conditions, with assay results now expected by late July. This delay introduces some short-term uncertainty but does not detract from the company’s broader exploration momentum.
Strategic Positioning in Western Australia
Galileo Mining’s portfolio includes highly prospective tenements in established mining regions, with a focus on PGEs, nickel, copper, and cobalt. The company’s strong funding position and strategic partnerships, such as the joint venture with the Creasy Group in the Fraser Range, underpin its capacity to advance exploration and development activities.
As the company continues to unlock value from its Norseman and Fraser Range projects, investors and industry watchers will be keen to see how these latest assay results translate into resource growth and potential economic extraction opportunities.
Bottom Line?
Galileo’s latest assays at Norseman signal a promising chapter ahead, with follow-up drilling poised to clarify the scale of its PGE potential.
Questions in the middle?
- How extensive is the mineralisation beyond the current drill intercepts, especially at NAC617?
- What impact will the Fraser Range drilling delays have on Galileo’s near-term exploration timeline?
- How might these new assay results influence the company’s resource upgrade and valuation prospects?