GAL 0.00% 14.0¢ galileo mining ltd

Looking at this announcement and assuming that next bunch of RC...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 513 Posts.
    lightbulb Created with Sketch. 242
    Looking at this announcement and assuming that next bunch of RC holes will be drilled in the most southern circle (50m below recently drilled 6447960mN line), what I’d love to see from these guys is to drill through the sediment (expected at ~200m) to the maximum depth that current RC rig can reach (approx. 281m as per NRC296). GSR/CNJ hole that’s ~300m south has intersected 6-7% heavily disseminated sulphides from 233m-255m. RC rig we have is more than capable of drilling to those depths. Never mind collaring the hole, be brave and drill a hole 50-100m below NRC299 (so it’s on the same line as our discovery hole / GSR-CNJ hole, 372470-372500mE) through the sediment to ~280m and we’ll know if it’s multi-layered with increasing sulphide content. In addition to diamond drilling that will test the East-NorthEast extension, I really hope they can achieve that over the next few days. Hopefully the penny has dropped after the GSR/CNJ announcement.
 
watchlist Created with Sketch. Add GAL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.