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Galileo Mining Ltd. ( (AU:GAL) ) has provided an announcement.
Galileo Mining has reported reverse circulation drilling results from its Norseman project that confirm shallow, anomalous palladium-platinum-gold mineralisation at the Mission Sill prospect, with multiple broad intersections above 0.4 g/t 3E and consistent zones above 1 g/t suggesting the near-surface expression of a larger mineralised system along a 10km strike length. The company plans one-metre resampling to define higher-grade zones, will shortly commence diamond core drilling beneath the existing 17.5Mt Callisto resource to test for repeats of the mineralised intrusive sill and obtain material for new metallurgical test work, and, backed by more than $9 million in funding and a stronger metal price environment, is positioning itself to advance both Mission Sill exploration and optimisation of the Callisto deposit within one of Western Australia’s most prospective PGE-gold regions.
The most recent analyst rating on (AU:GAL) stock is a Hold with a A$0.30 price target. To see the full list of analyst forecasts on Galileo Mining Ltd. stock, see the AU:GAL Stock Forecast page.
More about Galileo Mining Ltd.
Galileo Mining Ltd is an Australian mineral exploration company focused on discovering and developing palladium, platinum, gold, rhodium, nickel and copper deposits. Its flagship assets include the 100%-owned Norseman project in Western Australia, where it is targeting sulphide-hosted PGE-gold mineralisation along extensive ultramafic–mafic contacts, including the Callisto deposit and nearby prospects such as Mission Sill, Jimberlana South and Callisto North.
Average Trading Volume: 472,702
Technical Sentiment Signal: Buy
Current Market Cap: A$53.36M
For an in-depth examination of GAL stock, go to TipRanks’ Overview page.