Ann: New Mineralised Zones Show Opportunity for Growth, page-2

NEW MINERALISED ZONES SHOW OPPORTUNITY FOR GROWTH

Highlights

• Sulphide intersection from new lower zone with high grade assays;

o 10 metres @ 2.19 g/t 3E1 (1.84 g/t Pd, 0.31 g/t Pt, 0.04 g/t Au), 0.27% Cu & 0.23% Ni from 279m (NRCD292) including

o 3 metres @ 3.91 g/t 3E (3.12 g/t Pd, 0.68 g/t Pt, 0.11 g/t Au), 0.65% Cu & 0.48% Ni from 280m

• Consistent high-grade mineralisation between drill holes on existing sections with significant results including;

o 29 metres @ 1.58 g/t 3E (1.30 g/t Pd, 0.21 g/t Pt, 0.07 g/t Au), 0.29% Cu & 0.26% Ni from 154m (NRCD302) including

o 11 metres @ 2.44 g/t 3E (2.01 g/t Pd, 0.32 g/t Pt, 0.11 g/t Au), 0.49% Cu & 0.36% Ni from 168m

o 25 metres @ 1.53 g/t 3E (1.23 g/t Pd, 0.23 g/t Pt, 0.08 g/t Au), 0.22% Cu & 0.26% Ni from 296m (NRCD321) including

o 3 metres @ 2.57 g/t 3E (2.05 g/t Pd, 0.38 g/t Pt, 0.14 g/t Au), 0.54% Cu & 0.40% Ni from 311m

• Assay results are pending for a further 14 completed drill holes

• Diamond drilling continues to target high grade sulphide zones looking for a possible source of the Callisto discovery to the east

• New shallow mineralised intrusion identified 250 metres north of Callisto. Anomalous assays with disseminated sulphides in same mafic/ultramafic host rock requiring follow up drill testing;

o 24 metres @ 0.29 g/t 3E, 0.03% Cu & 0.10% Ni from 60m (NRC349)

• Disseminated nickel sulphide target2 400 metres north of Callisto continues to expand with;

o 9 metres @ 0.55 % Ni and 0.02% Co from 73m (NRC398

Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce assays from recent drilling at the Callisto palladium-platinum-gold-rhodium-copper-nickel discovery within the Company’s 100% owned Norseman project in Western Australia.
Galileo’s Managing Director Brad Underwood commented; “Today’s assay results continue to expand the existing footprint of rich sulphide mineralisation at Callisto and demonstrates considerable opportunity for growth as we step out our drilling programs over the coming months.
The drill result from NRCD292 is from a new sulphide zone in the same geological position as the original discovery, and our working model is one of multiple mineralised zones in the area. This idea is further confirmed by the identification of a new intrusion 250 metres north of the Callisto discovery. At this location we are seeing disseminated sulphides with the same pattern of metal distribution and the same host rocks. The anomalous drill results in this new area will be followed up with RC drill testing aiming to vector towards higher grade metal zones.
Meanwhile our diamond drilling is using the same exploration concepts to vector towards a potential source of mineralisation at Callisto with 100 metre step out drilling designed to provide a broad framework of the overall mineralised area.
With over five kilometres of prospective rocks along strike to the north, and with multiple mineralised intrusions discovered to date, we believe the opportunity for growth in this new palladium-nickel district is significant.”