Galileo Mining: Intersects significant sulphide mineralisation at Lantern

  • Galileo Mining (GAL) has intersected significant sulphide mineralisation from its Lantern Prospect in Western Australia
  • This is significant for the company as it demonstrates the presence of the mineralising processes needed to form magmatic nickel-copper deposits
  • Galileo has now completed the first two holes, LARC008D and LARC013D, of a three-hole diamond drilling program
  • One hole intersected 16 metres of dispersed sulphides while the other intersected 23 metres
  • Hoel LARC013D intersected 23 metres of heavily dispersed, banded and blebby nickel-copper sulphides
  • Galileo is steady in early morning trade and shares are trading for 32.5 cents
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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