Armed with the proceeds of a private placement,
A newly completed borehole survey on holes M5 to M7 has identified a deeper and stronger off-hole conductor than that previously tested. The company has fixed the location of the conductive formation 100 metres northeast of M5, which intersected three metres of strong mineralization at a depth of 377 metres.
According to an independent geophysical consultant, the strong electrical responses are caused by a flat-lying, conductive formation with a width of between 120 and 250 metres and an undetermined length.
Gallery plans to target this lower conductive formation at a vertical depth of between 500 and 550 metres.
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