Galileo Mining Limited (ASX: GAL) - Palladium Discovery - Persistent Mineral Exploration Rewarded.

Rooster Talk Episode 57 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) is all about the discovery of the Palladium province from the last round of drilling.

 

The systematic approach that Galileo has been using to explore has now been rewarded with the confirmation of a palladium prospect in Norseman, Western Australia.

 

This episode is a discussion on the discovery of the Callisto discovery. Six RC drillholes have results returning anomalous grades which is making the Callisto prospect a discovery that has the share price of Galileo rising.

 

Callisto is a mineralised sulphide unit developed at the base of an ultramafic sill where it intrudes into sedimentary rocks.

 

NRC266 returned significant palladium-platinum-gold-copper-nickel mineralisation over 33m;

 

• 33m @ 2.00g/t 3E (1) (1.64g/t Pd, 0.28g/t Pt, 0.09g/t Au), 0.32% Cu & 0.30% Ni from 144m incl.
• 6m @ 2.69g/t 3E (2.21 g/t Pd,0.37 g/t Pt,0.11 g/t Au), 0.41% Cu & 0.36% Ni from 159m and
• 1m @ 3.21 g/t 3E (2.66 g/t Pd, 0.41 g/t Pt, 0.14 g/t Au), 0.48% Cu & 0.46% Ni from 176m

Numbers like this is going to make the next phase of drilling interesting to say the least.

 

 

Brad is measuring this to the Platreef deposit on the northern limb of the Bushveld Complex in South Africa. Deposits like Platreef are generally very large in nature and have a combined resources of greater than 700Mt at a 1g/t 3PGE + Au cut off. These deposits normally contain metals such as palladium, platinum, gold, rhodium, copper and nickel.

 

 

Chapters:

 

00:00 Start

00:20 Introduction

00:52 Brad Updates.

01:39 Is this a Palladium Discovery Province?

02:31 This is a Discovery?

03:26 Is the geology theory a long term concept?

04:41 The Platreef Analogy.

05:50 Will the discovery grow in size?

06:37 Will the positive results change your Plan A?

07:39 News Flow.

09:07 Why is Galileo mining?

09:52 Conclusions