Galileo Mining Limited (ASX: GAL) - Palladium Discovery - Persistent Mineral Exploration Rewarded.
Rooster Talk Episode 57 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) is all about the discovery of the Palladium province from the last round of drilling.
The systematic approach that Galileo has been using to explore has now been rewarded with the confirmation of a palladium prospect in Norseman, Western Australia.
This episode is a discussion on the discovery of Callisto. Six RC drillholes have results returning anomalous grades which are making the Callisto prospect a discovery that has got the share price of Galileo rising.
Callisto is a mineralised sulphide unit developed at the base of an ultramafic sill where it intrudes into sedimentary rocks.
NRC266 returned significant palladium-platinum-gold-copper-nickel mineralisation over 33m;
33m @ 2.00g/t 3E (1) (1.64g/t Pd, 0.28g/t Pt, 0.09g/t Au), 0.32% Cu & 0.30% Ni from 144m incl.
6m @ 2.69g/t 3E (2.21 g/t Pd,0.37 g/t Pt,0.11 g/t Au), 0.41% Cu & 0.36% Ni from 159m and
1m @ 3.21 g/t 3E (2.66 g/t Pd, 0.41 g/t Pt, 0.14 g/t Au), 0.48% Cu & 0.46% Ni from 176m
Numbers like these are going to make the next phase of drilling interesting to say the least.
Watch the interview: Rooster Talk Episode 57
Brad is measuring this to the Platreef deposit on the northern limb of the Bushveld Complex in South Africa. Deposits like Platreef are generally very large in nature and have combined resources of greater than 700Mt at a 1g/t 3PGE + Au cut off. These deposits normally contain metals such as palladium, platinum, gold, rhodium, copper and nickel.
00:52 Brad Updates.
01:39 Is this a Palladium Discovery Province?
02:31 This is a Discovery?
03:26 Is the geology theory a long term concept?
04:41 The Platreef Analogy.
05:50 Will the discovery grow in size?
06:37 Will the positive results change your Plan A?
07:39 News Flow.
09:07 Why is Galileo mining?
About Brad Underwood
Executive Chair and Managing Director
Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities.
Previous conversations with Brad
Watch the previous Coffee With Samso conversation with Brad here.
Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction.
Listen to the Rooster Talk conversation with Brad here.
Focusing on the science and techniques of nickel exploration - the easy process and potential issues.
Featured on Brilliant-Online
Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium
About Galileo Mining Limited (ASX:GAL)
Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range.
The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects.
The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine.
Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region.
The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman.
Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding.
Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders.
Galileo Key Milestones
2003 – Registered as a private company wholly owned by Mark Creasy
2004 – Acquired the Norseman project
2006 – Initial drilling conducted at Norseman
2017 – Maiden JORC Resource completed at Norseman
2018 – Acquired interest in the Fraser Range project
2018 – Launched on the ASX as a public company
2020 – Nickel Sulphides confirmed at Fraser Range project
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
VMS (Volcanogenic Massive Sulfide) Deposits Explained
In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment.
I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio
A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook.
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