GAL - Galileo Mining

[Sean K]

Looks like they're firming up and expanding this discovery. MC over $200m now so quite a bit is factored in at this early stage.

 

[brerwallabi]

It’s been sold off not in huge volumes more it’s no buyers at the moment in this segment of the market. Looking at a chart it’s hard to pinpoint some support.
Hopeful of seeing some support at current level.
The selling from almost two dollars to a $1.08 on the chart looks totally oversold.
It went up from 20 cents a few months ago faster then Ferrari looks now like it’s ran out of fuel and it’s in for a service and refill.

 

[Sean K]

One of the few things green today on the back of a meter of massive sulphides. I assume it will be the same as the other assays. But, is it big enough? Hard to tell the dimensions. XRF shows Cu and Ni but what about the 3E? Maybe XRF doesn't detect them?

 

[brerwallabi]

One of the few things green today on the back of a meter of massive sulphides. I assume it will be the same as the other assays. But, is it big enough? Hard to tell the dimensions. XRF shows Cu and Ni but what about the 3E? Maybe XRF doesn't detect them?


View attachment 146064

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My pick in the August tipping comp just gone from severely red to green.

 

[Captain_Chaza]

I have selected the GAL for 2023 C /Y regatta

I agree with Captain Fibonacci that the GAL looks oversold
ie:> -62% Retracement

Sailing the GAL ---------------One Week at a Time

Saute and Gods' speed

 

[Dona Ferentes]

Galileo Mining shares surged nearly 30% on Tuesday after it revealed it had found what could be a major extension of its increasingly promising Callisto PGE find near Norseman in WA’s goldfields.

The company told the ASX the new find could be part of a five-kilometre line of strike that up till now is untested.

That was enough to send the shares up more than 29% to 70 cents as the statement tantalised investors with hints of a major expansion of the already very promising Callisto prospect.

From previous reports and this one, it now seems the Callisto prospect is emerging a major PGE discovery but of a size smaller than the massive Gonneville (Julimar) find of Chalice Mining..

Galileo has been fleshing out the existing Callisto mineralisation with close-in drilling, but on Tuesday revealed that a step out diamond drill hole had discovered a “thick sulphide zone completely open to the north and east.”

The company said it is the “widest drill intersection recorded to date with 72 metres of mineralisation with what seems to be two main areas of mineralisation."

 

[debtfree]

Galileo Mining says maiden Callisto resource marks new province - from Proactive​

Tue, October 3, 2023 at 6:00 AM GMT+11 - https://finance.yahoo.com/news/galileo-mining-says-maiden-callisto-190000762.html

GAL.AX +38.98% / Close Price 0.41

Melbourne, Victoria --News Direct-- Galileo Mining Ltd

Galileo Mining Ltd (A :GAL, OTC:GLMGF) MD Brad Underwood speaks with Proactive after releasing an inaugural mineral resource estimate (MRE) for the Callisto deposit, part of its wholly-owned Norseman project in Western Australia. The palladium-gold-nickel-copper Callisto discovery is the first 'Platreef' deposit identified in Australia, named for a style of mineralisation analogous to the renowned Platreef deposits found in South Africa. This groundbreaking development propels the Norseman project into the spotlight as a cornerstone asset with significant potential for Galileo and the industry at large.
Underwood said: “Galileo’s discovery of the Callisto deposit has been a major breakthrough in understanding the geology and prospectivity at our Norseman project.
“We have now defined a significant resource from a total of 147 drill holes (38,695 metres) within an established mining district of Western Australia.
“The discovery occurs on a granted mining lease just 15 kilometres from the town of Norseman and with extensive nearby infrastructure including gas pipeline, water pipeline, railway, and sealed highway."

 

[Miner]

Galileo's drilling assay is to be published in January. Looking into the previous assay, I could not find the grade attractive enough now to bring a low processing cost operation. However, if the assay becomes remarkably high, as often happens with Creasy touch, then the company could take the opportunity to pump and raise capital.
The share price has been somewhat stagnant and has low volume; however

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02749172-6A1184557