InvestSMART

Galileo Mining Ltd (ASX:GAL)

ALERT: Price-sensitive ASX Announcement for GAL
Current share price for GAL : $0.120 -0.015 (-11.11%)+
Announcement
Release
13 May 2026 8:22AM
Price at Release
$0.135
Full Release
download
Summary
Galileo Mining Ltd has announced new diamond drill results from their Norseman project in Western Australia, indicating potential for multiple PGM intrusive systems. A diamond core drill hole beneath the Callisto resource has intercepted new PGM rock units with significant mineralised assays, including a 109m section at 0.21 g/t PGM 3E and an 8m section at 0.50 g/t PGM 3E. These findings suggest strong potential for additional PGM discoveries, with the Callisto and Mission Sill prospects composed of numerous separate intrusive rock units. The company's next drilling phase at the Mission Sill prospect is set to begin in early June 2026.
Key Points
  • New diamond drill results from Galileo's Norseman project.
  • A wide zone of PGM enrichment found in assay results.
  • Significant assays include 109m at 0.21 g/t PGM 3E and 8m at 0.50 g/t PGM 3E.
  • New mineralised rock units advance understanding of PGM potential.
  • Callisto and Mission Sill prospects have extensive strike lengths.
  • Next drilling phase scheduled for June 2026 at Mission Sill prospect.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.