The wholly owned Ferber project is located approximately 40km south of Wendover in Elko County, Nevada. The project is considered highly prospective for porphyry-related intrusive systems and contact skarn mineralisation, offering significant potential for the discovery of copper, gold and associated minerals. In addition, the licence area is prospective for structurally controlled, sediment-hosted gold mineralisation.
The project comprises a series of patented and unpatented claims which have recently been expanded following encouraging results from Phase 1 ground exploration. In May 2025 Galileo entered a royalty agreement with local exploration company Bronco Creek Exploration Inc (BCE), a wholly owned subsidiary of Elemental Royalty Corporation (EMX), with the aim of rapidly advancing exploration at the project.
Under the terms of the agreement Galileo will fund a two-stage exploration programme and BCE will provide technical input and oversight, in return for up to a 1% Net Smelter Return (NSR) royalty interest in the property. BCE will have the option to purchase a further 0.5% NSR interest for US$1m at any time prior to the completion of a feasibility study.
“This arrangement is a win-win, in that Ferber is now benefitting from significant attention, financially from Galileo and technically from EMX. EMX has long experience of Nevada’s regional and district geology.” – Colin Bird, Executive Chairman, Galileo Resources
Ferber location map
Geological & Mining History
The Ferber District consists of a multi-phase Eocene igneous complex intruding Pennsylvania-Permian age domed carbonates. Marble and skarn are developed at the margin of the intrusive complex, and both sedimentary and igneous rocks are cut by faults of various orientations.
The region has a rich mining history dating back to the 1880’s when copper-lead-silver-gold deposits were discovered. Ore has been shipped from the neighbouring Martha Washington, Big Chief, Regent and other small mines over the years, including high-grade ore in the region of 6% Cu, 16% Pb and 14 Oz/ton Ag from Martha Washington. Limited historical production figures estimate totals of 97,878 pounds copper, 192,613 pounds lead, 11, 851 ounces silver produced from the region.
Previous exploration on the licence included surface sampling and limited, mostly shallow, drilling. Reported drill intercepts include 2.37g/t Au over 4.6m and 0.53g/t Au over 10.7m as well as 0.83% Cu over 12.2m. Grab samples collected by Galileo from old workings and dumps have returned up to 10.8g/t Au, 674g/t Ag, 4.19% Cu, 8.71% Pb and 7.62% Zn.
Ferber target map
BCE (EMX) Royalty Agreement
A Phase 1 exploration & target generation programme consisting of mapping & grab sampling, property wide soil sampling and ground gravity surveying completed in 2025. Several areas of interest were identified, including an area of mineralised workings & bedrock alteration towards the West of the property, over which the tenure was extended.
The data integration exercise highlighted four priority target areas that cover a 20km2 area and display potential characteristics associated with skarn-hosted and porphyry-type mineralisation. A programme of roughly 3,000m of core drilling is planned that is due to commence in 2026.
Rock dating studies completed during Phase 1 mapping confirmed the presence of Eocene intrusive rocks that are closely related to mineralised phases, which is indicative of mineralisation at the Battle Mountain deposit complex and Carlin gold trend deposits in Nevada. The Battle Mountain Trend includes multiphase Eocene intrusive skarns that contain an estimated >100Mt of gold in production and reserves.
Phase 1 exploration and data integration has further identified anomalous levels of several metals on the US critical minerals list, including zinc, bismuth and arsenic, all of which could add additional value to the property. Appropriate follow-up ground analysis will be completed during assessment of the property.