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The Search for Nickel and Palladium - A Methodical Exploration Strategy - Galileo Mining Limited

Coffee with Samso Episode 87 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL)



The search for Nickel Sulphides is one of the most challenging for geoscientists in the mineral exploration industry. For this reason, investors, in general, find it hard to comprehend what is required to make a discovery.


Many investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) feel that Galileo Mining Limited (ASX: GAL) is making "slow progress" as they have not made a discovery. In this episode of Coffee with Samso, Brad Underwood, Chairman and Managing Director of the company share with us the methodical manner in which they are going about the business of locating the "Holy Grail", otherwise known as a Nickel Sulphide ore body.


Brad outlines how the company is doing things in a step-by-step way to vector their drilling on the best case target. This is one of the most comprehensive episodes on understanding the process of nickel exploration. Here are some topics that Brad shared with us:

  1. How magnetic surveys work and the information it gives explorers

  2. The use of gravity and electromagnetic surveys

  3. The science behind all these geophysical surveys

In this episode, Brad also shares with us the thinking and the science behind the new Palladium target in Norseman.


Watch the interview: Coffee with Samso Episode 87



The historical data in Norseman has shown that there is a potential PGE mineralisation existing in the current project.

The share price of the company has taken a rough ride but looking at the eagerness to punt prior to drilling programs tells me that there are a lot of believers out there. Galileo has quality management and that is always going to be useful in good or bad times.





PODCAST



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


It has been nearly two months since I last spoke with Mr. Underwood, Managing Director of Galileo Mining Limited. Click on the podcast below for an update on nickel exploration. The science and techniques of nickel exploration process are easy but there are potential issues. As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia.


About Brad Underwood


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.


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.


Brad Underwood, Chairman and Managing Director Galileo Mining Ltd (ASX: GAL)
Brad Underwood, Chairman and Managing Director Galileo Mining Ltd (ASX: GAL)
 

Disclaimer


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.

 

Download eBook


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



 

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