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HomeBankingGalileo Mining: Suspends drilling at Fraser Range due to COVID-19

Galileo Mining: Suspends drilling at Fraser Range due to COVID-19

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Galileo Mining: Suspends drilling at Fraser Range due to COVID-19

  • Galileo Mining updated the market on its exploration activities within the Fraser Range Nickel Belt in Western Australia
  • The company reported its aircore drilling of magnetic targets north of the Lantern Prospect is currently underway
  • Downhole electromagnetic surveying from one of its drill holes, LARC003, is planned to commence in two weeks
  • Galileo is also well funded, as it has approximately $4.8M in cash to spend on exploring the area
  • Managing Director Brad Underwood also says the first RC program has shown that the hole contains nickel-copper sulphides
  • On the market today, Galileo is up 13.3 per cent and is trading for 17¢ apiece at 1:41 pm AEDT

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