Proactive Investors - Run By Investors For Investors

Galileo Resources to drill further at Star Zinc after encouraging study

There was a good correlation with known zinc mineralisation at Star Zinc
Galileo Resources to drill further at Star Zinc after encouraging study
High grades have already been hit at Star Zinc

Galileo Resources PLC (LON:GLR) will start a second drill programme at the Star Zinc project in Zambia after an independent review of historical gravity geophysics data matched well with its own results.

Colin Bird, chief executive, said there was a good correlation with known zinc mineralisation at Star Zinc.

READ: Galileo Resources reveals conceptual grade-tonnage estimate for the Star zinc project in Zambia

“We will use this modelling data to target new boreholes in our forthcoming second drilling programme.”

A first drilling programme that comprised of 26 holes finished in May and hit zones of exceptionally high-grade copper.

From those results, Galileo constructed a conceptual grade-tonnage (CGT) model of 485,000 tonnes at a grade of 15.4% zinc.

Star Zinc is being explored through a joint venture with BMR Group PLC (LON:BMR). Galileo has an 85% interest.

View full GLR profile View Profile

Galileo Resources PLC Timeline

Related Articles

dollar and gold
September 20 2018
Wishbone Gold's unique business model is now beginning to bear fruit
Drilling activity at Kharmagtai Copper-Gold Project in Mongolia
Mon
The now validated data and mineral resource update will be used in an upcoming scoping study.
Bauxite on a ship
21:45
The company will undertake a number of site preparation activities in the March quarter.

© Proactive Investors 2019

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