Australia
Galileo Mining embarks on important exploration phase with first-ever diamond drilling at Lantern Nickel Project
Galileo Mining Ltd (ASX:GAL) has launched an important phase of exploration with the first-ever diamond core drilling at highly prospective nickel targets at Lantern Nickel Project within the Fraser Range nickel belt in Western Australia.
There are three high-priority zones to be tested in the promising Fraser Range nickel project.
The first reverse circulation (RC) drilling program demonstrated that the area contains disseminated nickel and copper sulphide mineralisations and the second RC drilling targeted additional zones of mineralisation and laid the foundation for the diamond core drilling which will start in August.
Lantern East is a conductive target on the margin of a major gabbronorite intrusion while Lantern East is a conductive target on the margin of a major gabbronorite intrusion.
Following a well-supported $5 million placement, Galileo is in the enviable position of being well funded with cash of $8.7 million at the end of the June quarter.
This allows the company t..
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