Ann: New Nickel Targets Expand Fraser Range Exploration, page-2

NEW NICKEL TARGETS EXPAND
FRASER RANGE EXPLORATION
Highlights
• Petrography results from reconnaissance aircore drilling identifies
nickel prospective rocks beneath shallow cover
• Drilling results combined with magnetic data show three intrusions
which have been named Think Big, Backwood and Green Moon
• Search area around the Lantern intrusion has increased substantially in
size to 10km by 8km
• Extensive ground electro-magnetic surveys aiming to directly detect
sulphide mineralisation are planned to cover the new prospective zones
• Aircore drilling at the Lantern Prospect is ongoing with approximately
5,500 metres completed of a planned 8,000 metre program
Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to
announce the development of new nickel targets in the highly prospective Fraser
Range region of Western Australia.
Petrographic rock description of samples from reconnaissance aircore drilling
combined with detailed magnetic data shows the presence of three new intrusions.
These intrusions, which have been named Think Big, Backwood and Green Moon,
have the potential to host magmatic nickel mineralisation under shallow cover rock
ranging from 17 metres to 92 metres below surface.
A high-powered ground electro-magnetic (EM) survey is being planned to cover
the newly identified intrusions with the intention of defining zones of potential
nickel mineralisation.
Commenting on the new targets Galileo Managing Director Brad Underwood said:
“Our recent $5 million placement has allowed us to expand the amount of
exploration we are undertaking in the Fraser Range. We have now substantially
increased the search space around our Lantern Prospect and have the funds to
effectively explore the entire area over the next six to twelve months. Our Fraser
Range ground has never before been explored for nickel and the significant
chance of a high value discovery makes this is an exciting time to be investing in
the area.”
Petrography results from bottom-of-hole aircore drill holes show the composition of the target basement rock
beneath sedimentary cover material. For the drill holes completed at the newly named Green Moon, Backwood
and Think Big prospects, the cover rock varied between 17 metres and 92 metres. Beneath the cover rock the
basement is uniformly Proterozoic in age with mafic-ultramafic rock units intruding into a predominantly mafic
granulite host rock.
Samples of fresh rock (or near to fresh) from the Proterozoic basement were sent for petrographical analysis
where the samples were sliced, polished and described under the microscope. Minerals occurring within the
samples and their relationship to each other were then observed to determine their provenance and
prospectivity for nickel sulphide mineralisation