Galileo Mining has gotten off to a strong start in 2023, revealing another string of high-grade assays at its Callisto discovery in Western Australia.
Recent diamond core drilling at Callisto returned palladium grades up to 7.06 grams per tonne (g/t) over 1m from drill hole NRCD320. This was within a 33m intersection at 2.05g/t 3E (palladium, platinum and gold). NRCD320 drilled as deep as 356m.
Galileo said it had achieved its highest individual copper and gold grades over 1m to date with NRCD301 intersecting 1m at 5.01g/t 3E, including 1.96 per cent copper and 1.19 per cent nickel. This was within a 32m intersection at 2.04g/t 3E. NRCD301 drilled as deep as 240m.
Other intersections demonstrated Callisto’s ability to deliver consistent high-grade mineralisation. Notable results included 39m at 1.8g/t including 14m at 2.55g/t 3E at NRCD324, and 29m at 1.51g/t 3E including 11m at 2.5g/t 3E at NRCD319.
“Ongoing drilling at Callisto continues to deliver consistently high-grade results with the latest assays showing that palladium, nickel, and copper grades are steadily increasing over wide intervals of mineralisation,” Galileo managing director Brad Underwood said.
“We are also seeing the highest individual copper and gold grades drilled to date which indicates we have yet to understand the full potential of this very large geological system.
“Geological interpretation suggests that the Callisto rock unit originated further to the east and that the ultimate source of mineralisation may yet be discovered at this location.”
Underwood said diamond core drilling would recommence in mid-January, with step-out drilling to test Callisto’s potential to the east.
Galileo made headlines in 2022 after its share price soared in early May following a 33m intersection at 2g/t 3E from NRC266, comprising 1.64g/t palladium, 0.28g/t platinum and 0.09g/t gold.
Trading at $0.60 on May 6, a string of significant announcements saw the company’s share price jump as high as $1.82 on June 2. Galileo was trading at $0.87 at close on January 5.