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Galileo Mining Ltd. ( (AU:GAL) ) has issued an announcement.
Galileo Mining has reported new reverse circulation drill results from the Mission Sill prospect at its Norseman project, showing consistent zones of anomalous palladium, platinum, copper and nickel sulphide mineralisation in fresh rock. The disseminated sulphide zones remain open along strike and at depth, and display similar geological characteristics to the company’s existing Callisto resource, reinforcing the broader prospectivity of the Norseman area.
Significant intercepts from shallow sulphide zones include intervals such as 8 metres at 0.42 g/t 3E and 17 metres at 0.36 g/t 3E, which management believes may indicate potential for richer grades within the system. Galileo has also completed a deep diamond hole beneath the Callisto resource to 772 metres to test the footwall area, with core processing and assays pending, and says its strong cash position supports continued exploration amid volatile markets.
The most recent analyst rating on (AU:GAL) stock is a Sell with a A$0.15 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 platinum group elements, nickel, copper and related sulphide mineralisation at its 100%-owned Norseman project in Western Australia. The company is advancing discoveries such as the Callisto resource within a 255 square kilometre tenement package in what it describes as one of Australia’s newest PGE provinces.
Average Trading Volume: 670,337
Technical Sentiment Signal: Sell
Current Market Cap: A$32.61M
See more data about GAL stock on TipRanks’ Stock Analysis page.