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Galileo Mining Ltd (ASX:GAL)

ALERT: Price-sensitive ASX Announcement for GAL
Current share price for GAL : $0.125 0.01 (8.70%)+
Announcement
Release
9 Jun 2026 8:32AM
Price at Release
$0.115
Full Release
download
Summary
Galileo Mining Ltd has commenced a 5,000-meter aircore drilling program at its 100% owned Norseman project in Western Australia, targeting Platinum Group Metals (PGMs). The drilling focuses on the Mission Sill prospect, which presents a significant potential with over 10 kilometers of strike and multiple anomalous intercepts. This initiative aims to enhance the company's current JORC resource of 1.27 million ounces of Palladium Equivalent. The project builds on the 2022 discovery of the Callisto resource, estimated at 17.5 million tonnes. Priority areas include follow-up drilling on shallow sulphide intercepts supported by a strong IP anomaly. The Norseman project holds substantial promise for large discoveries, as stated by the company.
Key Points
  • 5,000m aircore drilling program commenced targeting PGMs at Norseman
  • Mission Sill prospect has over 10 km of strike with anomalous intercepts
  • Aim to add to JORC resource of 1.27Moz PdEq
  • Callisto resource discovered in 2022 with 17.5Mt
  • Priority on sulphide intercepts at Mission Sill
  • Drilling supported by strong IP anomaly
  • Potential for large discoveries at Norseman
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.