HomeFinTechGalileo Mining: Receives drilling results from Lantern South

Galileo Mining: Receives drilling results from Lantern South

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  • Galileo Mining (GAL) has received results from reverse circulation (RC) drilling at the Lantern South prospec
  • The company aimed to expand mineralisation, investigate the stratigraphy at Lantern East and establish pre-collars for diamond drilling
  • Pleasingly, drilling has further defined the target ultramafic rock unit at Lantern South with high potential for additional mineralisation
  • Drilling has also intersected nickel and copper that’s associated with anomalous gold, platinum and palladium
  • Diamond drill core samples have been sent for assaying and results are expected in at least four weeks time
  • Company shares have slid 10.6 per cent in early trade, priced at 21 cents each
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