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

gold nugget
November 26 2018
The company is drilling at the old Albury Heath mine where it found bonanza-grade gold.
wedding rings
February 05 2019
Alba holds 11.765% of the Horse Hill project near Gatwick Airport in the UK’s Weald basin
Gold
March 07 2019
With operations in Honduras back on track and costs coming down, Wishbone's margins are set to rise.

© 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