✦ Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL) talks about going full steam ahead with exploration.
What Galileo Mining Limited has is a systemic approach which they are using now to test their palladium prospect in Norseman, Western Australia.
And for Noel Ong, CEO of Samso, that is music to his ears. He is a firm advocate of companies that actually spend the majority of their funds on getting out on the field and exploring.
This is one of his sound pieces of advice that he shares with investors in the Australian Stock Exchange or ASX Limited (ASX: ASX). With so many companies out there, how do you know who to begin focusing on?
The key is to focus on their exploration stories.
For those that need further convincing, suffice to say that since early 2018 when the company listed on the ASX, Galileo Mining Limited has already undergone 14 drill programs. And that is enough to make one sit up and take notice.
Brad Underwood, Chair and Managing Director of the company is no stranger to Noel's Coffee With Samso, and he is back for another exciting conversation with updates about the company. He shares details about the technical merits of Galileo's projects as well as the exploration thinking behind the drilling in Norseman. That is where Galileo is seeking a potential Ni-Cu-PGE target.
We are talking about a 10,000m drilling program and already the targets are starting to look interesting. The geophysical anomalies appear to be guiding towards a possible source.
Something that is worth taking note of is the Jimberlana dyke in Norseman. It has always been a potential exploration target but has so far been ignored in the company's tenure.
The Jimberlana Dyke is similar to known geology that has sources of Palladium.
Watch the interview: Rooster Talk Episode 50
01:08 Brad Updates.
01:48 The prospectivity of Norseman.
03:04 The thinking behind the Jimberlana Dyke.
04:54 The significance of geological analogy for current targets in Norseman.
06:48 What do the targets mean?
08:08 Is there a big Halo of mineralisation?
08:38 Can the geophysical target be non-mineralisation?
09:53 What will happen going forward?
10:34 Last Words from Brad.
About Galileo Mining Limited (ASX:GAL)
Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range.
The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects.
The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine.
Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region.
The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman.
Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding.
Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders.
Galileo Key Milestones
2003 – Registered as a private company wholly owned by Mark Creasy
2004 – Acquired the Norseman project
2006 – Initial drilling conducted at Norseman
2017 – Maiden JORC Resource completed at Norseman
2018 – Acquired interest in the Fraser Range project
2018 – Launched on the ASX as a public company
About Brad Underwood
Chair and Managing Director
Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities.
Previously featured on Brilliant-Online
Contact Galileo Mining Limited
a/ P.O. Box 415, West Perth WA 6872, Australia (Mailing Address)
a/ 13 Colin St, West Perth, WA 6005 (Registered Office)
p / +61 8 9463 0063
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About the Author
Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.
Samso helps executives tell their stories to pique investor interest.
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