Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Galileo Resources expects to extend the known ore zone at Star Zinc with new drilling campaign

The new round of drilling is following up on recent intercepts as high as 38% zinc
Galileo Resources expects to extend the known ore zone at Star Zinc with new drilling campaign
Zinc intercepts from the initial drilling programme at Star were highly encouraging

Galileo Resources PLC (LON:GLR) is to undertake a second diamond-drilling programme on its highly prospective 85%-owned Star Zinc project in Zambia.

The programme will comprise about 1,000 metres of diamond core drilling to depths of up to 80 metres, with average depth likely to be around 60 metres.

WATCH: Galileo Resources hits 'exceptionally' high grades at Star Zinc project

Drilling will initially target areas that are open-ended east-north-east and south-east of the known mineralised zone. 

Drilling will also target several nearby high-gravity geophysics anomalies. An independent review of Star Zinc's historical geophysics data showed a good correlation of gravity anomalies with the mineralisation intersected in the initial programme.

Drilling is expected to be completed during October, and Galileo plans to provide regular updates on core appearance, portable XrF spectrometry indications and actual laboratory assays.

"The initial programme confirmed the presence of very high-grade willemite (up to 38% Zn) adjacent to the collapsed (pit) area in the mineralised zone with extensions to the east and west of this area,” said chief executive Colin Bird.

“We believe that this programme should extend the known ore zone to the east and potentially identify near-surface mineralisation in areas highlighted by the geophysics review. The overall assessment showed further the presence of heightened lead values in the deposit. This is recognised, academically, as a marker for the potential of a nearby feeder source for mineralisation. The company, depending on results, may test this theory for the presence of a deeper feeder source during this programme.”

Star Zinc has the potential to be a stand-alone project or a supplier of run-of-mine ore for the nearby Kabwe project.    

 

 

 

View full GLR profile View Profile

Galileo Resources PLC Timeline

Related Articles

mine
August 01 2018
Tungsten prices are on the rise and construction is proceeding apace at Barruecopardo
man standing in front of piles of bauxite ore
September 05 2018
Metro is targeting around two million tonnes of production this calendar year.
1541606104_Gold-bar-plus-nugget.jpg
November 08 2018
With money in the bank and good results coming in, Lucky looks well positioned to make further progress

© Proactive Investors 2018

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