Galileo Resources still keeping powder dry on Concordia option
The explorer is waiting for the opportunity to review and assess information generated by the initial drilling programme at Concordia.
Company
Galileo Resources PLC
LON:GLR
Galileo Resources PLC is an opportunity-driven company whose model is to acquire large databases generated by major companies and abandoned for strategic, corporate, technical and other reasons which do not necessarily reflect the potential value of the project. The company has a strong management team who have succeeded in discovering, evaluating and advancing mining projects.
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Galileo Resources signs terms sheet to advance Glenover project
Galileo will fund the execution of the mining right application by a loan convertible into 4% of the equity
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Galileo Resources doing extra prep work on its sampling programme at Concordia
Evaluation of historical maps and plans revealed that these often were drawn using different base grid coordinate systems to those currently used, so the company is standardising the grid coordinates system
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Major phosphate producer set to carry out pilot plant study Galileo Resources’ Glenover project
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Galileo Resources shines as it completes exploratory drilling at Concordia
“We consider the drill programme a success and consider our in-house model for Concordia is developing favourably towards a major copper resource”
Galileo Resources soars higher as initial drilling at Concordia copper project completed
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The UK blue chip index closed at 7,454, below the new intra-day peak of 7,460.20, but above the previous high of 7,447 hit in March
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Galileo Resources plays down recent share price surge
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Galileo surges as it starts drilling at Concordia
The shares rose 6% as the company confirmed drilling at the South African copper project will start today
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Galileo exploration work yields encouraging results
The work also revealed the the potential for near surface ore bodies and an increase in “chargeability” at deeper levels.
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