Galileo Resources PLC (LON:GLR) has identified two more high priority copper targets at the Concordia project in South Africa.
There are now seven high priority targets at Concordia, while Minxcon Consulting, which carried out the desktop analysis of historical data, had identified 27 other potential targets.
As a result, Galileo estimates the project contains 799mln host lithology tons, which contain 50% mineralised host at a mean grade 0.57% copper.
Minxco also ranked the targets for open pit potential with Homeep, KoeelKop and Henderson the top three.
Colin Bird, Galileo’s chairman and chief executive, said the area is huge and the open pit model was never previously investigated in this area.
“The targeted conceptual tonnage and copper grade compare very favourably with global projects currently being developed or at an advanced feasibility study stage.”
Next stage exploration will involve IP geophysics to better define the targets before undertaking drilling.