The Search for Palladium in Norseman Commences - Galileo Mining Limited (ASX: GAL)
Rooster Talk Episode 50 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) says the company is not shying away from exploration.
A systematic approach is now testing their palladium prospect in Norseman, Western Australia.
Over time I have encouraged investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) who are looking for a company that actually spends the majority of their funds on good exploration, to look at Galileo Mining Limited (ASX: GAL).
Since early 2018, when the company listed on the ASX, they have undergone 14 drill programs.
Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL), shares with us the technical merits of their projects in today's Rooster Talk. This episode talks about the exploration thinking behind the drilling in Norseman where Galileo is seeking a potential Ni-Cu-PGE target.
The 10,000m drilling program has started and the targets are starting to look interesting as the geophysical anomalies appear to be guiding towards a possible source. The Jimberlana dyke in Norseman has always been a potential exploration target but has largely being ignored in the company's tenure.
Watch the interview: Rooster Talk Episode 50
01:08 Brad Updates.
01:48 The prospectivity of Norseman.
03:04 The thinking behind the Jimberlana Dyke.
04:54 The significance of geological analogy for current targets in Norseman.
06:48 What do the targets mean?
08:08 Is there a big Halo of mineralisation?
08:38 Can the geophysical target be non-mineralisation?
09:53 What will happen going forward?
10:34 Last Words from Brad.
The Jimberlana Dyke is similar to known geology that has sources of 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
About Brad Underwood
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.
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Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium
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