Pictured: Mark Creasy and Brad Underwood, managing director of Galileo Mining
As Legend Mining Ltd entered a trading halt, neighbouring company Galileo Mining Ltd was the beneficiary of a share price spike late last week.
The reason for interest in Galileo is because the company has a similar style of prospect to Legend’s Mawson discovery made last year in the Fraser Range.
Galileo managing director Brad Underwood told Paydirt that what Legend is doing at Mawson, is what his company intends to do at Lantern.
Aircore drilling of magnetic targets north of the Lantern is currently underway, however, from tomorrow drilling will be sidelined due to restrictions associated with COVID-19.
Nevertheless, Galileo has activities to get on with at Lantern, which Paydirt will detail in our May edition.