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Galileo Resources PLC

Galileo Resources says eleven targets now at Concordia

Five of these have near surface potential said Colin Bird, Galileo’s chief executive

Picture of copper wires
Low-cost ground investigation comprising detailed mapping, induced polarisation (IP) geophysics and geochemistry is planned next.

An independent desktop review has now identified eleven potential target areas at the Concordia copper project in South Africa, said Galileo Resources (LON:GLR).

Five of these have near surface potential said Colin Bird, Galileo’s chief executive, with tungsten potential also identified in historic mining areas.

Low-cost ground investigation comprising detailed mapping, induced polarisation (IP) geophysics and geochemistry is planned next. 

Bird said: "When we embarked on this exercise we were optimistic that our current view would be confirmed independently.

“We expect to complete phase 1 (desktop study) in early July and immediately progress to ground-truthing and possibly resource modelling with current available data.

“A bonus of this exercise has been the discovery of wolframite trends on the property; wolframite being a primary ore mineral of tungsten, the current 180-day ore price of which is up by some 10% to date.”

Galileo can earn-in a 51% beneficial interest in Concordia copper project with R10mln (approximately £500,000) of exploration over 14 months. 

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