Australia's Galileo Mining jumps on defining nickel sulphide zone at WA project

Galileo Mining

10/10/2022 01:35

** Shares of Galileo Mining  GAL.AX  jump as much as 10.8%
to A$1.33, eyeing their best day since Oct 4, if gains hold
    ** The mining co says it has defined a new nickel sulphide
zone north of the Callisto discovery at its Norseman project in
Western Australia  urn:newsml:reuters.com:*:nASX894DpR
    ** Says it intersected disseminated sulphide mineralisation
up to 51 metres thick from drilling five kilometres north of
Callisto
    ** Says analysis confirmed presence of nickel sulphides, and
laboratory assays will determine whether palladium or platinum
and other metals are present
    ** Galileo stock up more than fivefold its value YTD, as of
last close 
 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))