Great announcement.
It is obvious they very much like what they have seen so far. If you read the two announcements on 16th May and 16th June, there are two subtle changes from the 16th May announcement.
1. They seem to be very confident in the results of the geological survey done so far. The announcement dropped "lithology" and replaced it with "geology"
2. They have increased the drill campaign from 2,000 to 5,000.
Any experts here for further comments please?
ASX ANNOUNCEMENT
16 June 2022
MT THIRSTY EXPLORATION UPDATE
▪ Geological review continues following recent PGM discovery by Galileo Mining Ltd (ASX: GAL) at Callisto.
▪ Highly experienced team of independent technical experts appointed to support target generation.
▪ Multipurpose diamond and reverse circulation drill rig confirmed for maiden
5,000 metre program.
▪ Pending the receipt of PoW applications and heritage approvals, drilling is
expected to begin in late July.
▪ Galileo’s Callisto discovery only 200 metres from northern tenement boundary
held by the MTJV.
▪ Continuity of the prospective mineralised horizon onto MTJV tenure supported
by geology & geophysics.
▪ Prospective mineralised horizon
ASX ANNOUNCEMENT
16 May 2022
MT THIRSTY GEOLOGICAL REVIEW FOLLOWING
NEIGHBOURING DISCOVERY BY GALILEO (ASX:GAL)
Geological review underway at Mt Thirsty following recent discovery by Galileo Mining Ltd (ASX:GAL)
Galileo’s Callisto discovery only 200 metres from northern tenement boundary held by the MTJV
Continuity of the prospective mineralised horizon onto MTJV tenure supported by lithology & geophysics
Prospective mineralised horizon remains untested with a further 1.5km extending onto MTJV tenure
Program of Work application underway with DMIRS to support maiden 2,000 metre drill campaign
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