Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Mining

Galileo Resources unearths high grade mineralisation at Star Zinc project

“This drilling programme has to date produced encouragingly high grade zinc intersections, that is leading us to revise our understanding of the geology of the deposit"

Galileo Resources PLC (LON:GLR) has updated investors on its ongoing drilling programme at the Star Zinc project in Zambia.

Over 750 metres of diamond core drilling has been completed to date, with individual holes being drilled down as deep as 70 metres, and thirteen holes have intersected high grade mineralisation marking out 100 metres of strike length.

READ: Offtake Heads-of-Terms signed by phosphate subsidiary of Galileo Resources

The findings show high grade mineralisation between 15% and 28% zinc, meanwhile, lower grade zinc was also encountered.

Galileo continues to drill and it plans to complete a total of 1,500 metres worth of drilling.

“This drilling programme has to date produced encouragingly high grade zinc intersections, that is leading us to revise our understanding of the geology of the deposit from that historically described by Charter Consolidated and others,” said Colin Bird, Galileo chief executive.

“We will continue drilling and embark on data modelling, in order to create a signature for and delineate the distribution of the various grades of mineralisation.”

READ: Galileo Resources steps up activity on zinc and phosphate interests

He added: “The historic model of mineralisation of Star Zinc, based entirely on vertically drilled holes, suggested the mineralisation forms two irregular tabular lenses dipping shallowly both east and west of the pit.

“Although the geological and structural controls on mineralisation are still to be fully understood, the latest drill data suggest the highest grade and thickest mineralisations are associated with a series of E-W faults (possible feeders.)."

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK