Base Metals: Mark Creasy-linked Galileo maps out Fraser Range plans
Link copied to
With Legend Mining’s (ASX:LEG) recent nickel-copper discovery at the Mawson prospect, it was only a matter of time before other explorers squared off for another round of activity in the Fraser Range.
Galileo Mining (ASX:GAL), which like Legend has renowned prospector Mark Creasy as a major shareholder, has stepped into the ring with plans to carry out drilling in the first half of 2020 targeting potential nickel-copper deposits.
This comes after interpretation of detailed airborne magnetic data around its Lantern prospect identified several untested targets that are prospective for Nova-style nickel-copper deposits.
Galileo added that the interpretation was supported by aircore drilling undertaken earlier this year that showed prospective intrusions at the Lantern and Delta Blues prospects.
The company will carry out reverse circulation drilling at the Lantern prospect, aircore drilling to delineate the near surface boundaries of the prospective intrusive rock units at the Delta Blues prospect and drilling on the newly developed target zones north of Lantern.
Interestingly, Lantern and the new targets are about 50km southwest of the Mawson discovery.
“Galileo has early stage prospects at Lantern and Delta Blues where we have completed just two aircore drilling programs,” managing director Brad Underwood said.
“From this initial drilling we successfully defined prospective rocks undercover giving us a high level of confidence in the updated interpretation which has yielded more targets for drill testing.
“We intend on making the Fraser Range a priority work area for the first half of 2020 as we seek to make discoveries in this highly prospective region of Western Australia.”
Across the Pacific Ocean, Centaurus Metals (ASX:CTM) has identified 31 new conductor plates from the ongoing reprocessing of historical electromagnetic data at its Jaguar project in north-eastern Brazil. These plates correlate with existing high-grade semi-massive to massive nickel sulphide intersections at its deposits.