GAL 1.85% 27.5¢ galileo mining ltd

Ann: Major Palladium Platinum Discovery at Norseman, page-5

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    MAJOR PALLADIUM-PLATINUM DISCOVERY AT NORSEMANHighlights• Discovery drillhole at Galileo’s Norseman project returns significant palladium-platinum-gold-copper-nickel mineralisation over 33 metres;o 33 metres @ 2.00 g/t 3E (1) (1.64 g/t Pd, 0.28 g/t Pt, 0.09 g/t Au), 0.32% Cu & 0.30% Ni from 144m (NRC266) including 6 metres @ 2.69 g/t 3E (2.21 g/t Pd, 0.37 g/t Pt, 0.11 g/t Au), 0.41% Cu & 0.36% Ni from 159m and 1 metre @ 3.21 g/t 3E (2.66 g/t Pd, 0.41 g/t Pt, 0.14 g/t Au), 0.48% Cu & 0.46% Ni from 176m• 33 metre assayed intersection occurs within a wider 55 metre disseminated sulphide zone (126 – 181m) indicating the potential for a large mineralised system• Geological similarities to South Africa’s extensive Platreef palladium-platinum-gold-rhodium-copper-nickel deposits• Assays from a further five drill holes (2) are pending as well as the remainder of NRC266. Strong geological continuity between drill holes with all drill holes intersecting disseminated sulphides• Discovery is on a granted mine lease with potential for accelerated development if resource drilling is successful• Mine Lease prospect renamed the Callisto discovery• Drilled thickness of the sulphide zone is increasing to the east towards the priority target area and with five kilometres of untested prospective strike length• NRC266 discovery hole samples are currently being assayed for rhodium and all other platinum group elements• Callisto discovery defines a new palladium-platinum province in which Galileo controls all of the most prospective ground
 
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