Proactive Investors - Run By Investors For Investors

Galileo’s Silverton gold project dishes up decent drill results

Results from Galileo's Silverton gold property continue to show promise
Galileo’s Silverton gold project dishes up decent drill results
Nevada is highly prospective for gold

Initial results from a reverse circulation drilling programme currently being undertaken on the Silverton Gold project in Nevada have yielded promising results.

Silverton is held by Galileo Resources PLC (LON:GLR) but the work is being undertaken by joint venture partner Orogen Gold PLC (LON:ORE), which is hoping to earn in to an initial 51% interest by spending US$400,000.

So far, Orogen has completed 1,274 metres of drilling on five holes at two initial targets at Silverton, with the longest mineralised intercept running at over 70 metres and grading 0.2 grams per tonne gold.

The best grade occurred across a width of 1.52 metres and rang in at 1.33 grams per tonne of gold.

"The results from the initial test drilling showed gold mineralisation persists at depth along the Silverton Fault over a wide interval,” said Galileo director Andrew Sarosi. However, the company did concede that a search for high grade feeder zones had failed to bear fruit. 


View full GLR profile View Profile

Galileo Resources PLC Timeline

Related Articles

cobalt on the periodic table
March 05 2018
Avondale is 13km from the company’s Fifield Project in New South Wales and previous exploration work focused on whether the deposit was rich in platinum group metals.
project area
July 12 2018
The Gabanintha Vanadium Project is one of the highest-grade vanadium deposits in the world.
February 06 2018
Coro Mining is on the move in Chile, with feasibility work nearing completion and new ground to work on

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use