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Galileo Mining Ltd. ( (AU:GAL) ) has shared an update.
Galileo Mining announced the completion of 5,300 meters of aircore drilling at its Mission Sill prospect, revealing significant zones of platinum group elements mineralization. The company remains well-funded with $11.3 million in cash and is planning further exploration in 2025. These developments underscore the potential of the Norseman project and further drilling is planned for both the Norseman and Fraser Range projects, enhancing Galileo’s strategic position in the resource exploration market.
More about Galileo Mining Ltd.
Galileo Mining Ltd. operates in the mining industry, focusing primarily on exploration and development of mineral resources. The company is engaged in the exploration of platinum group elements, lithium, and other minerals, with significant projects located in Norseman and the Fraser Range region in Western Australia.
YTD Price Performance: 29.17%
Average Trading Volume: 141,123
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$30.63M
Learn more about GAL stock on TipRanks’ Stock Analysis page.