Galileo Resources PLC (AIM:GLR) said exploration work has started at the Kamativi lithium project and the Bulawayo gold project in Zimbabwe.
The company has an option to earn an initial 51% interest in the two projects by spending US$1.5mln (£1.2mln) on exploration.
It plans to start a reconnaissance mapping/sampling site visit imminently at Kamativi.
“The Kamativi lithium project is adjacent to the Kamativi tin mine which hosts a substantial lithium tailings resource, mainly in the form of spodumene which is the most sought-after lithium mineral,” said chairman and chief executive Colin Bird.
“Primary lithium grades at the Kamativi mine could well be higher than reported in tailings.”
The AIM-traded company said an airborne magnetic and radiometric survey over the most prospective parts of the Bulawayo project is already underway and is expected to take about four-five weeks to complete, including delivery of processed data.
The survey aims to map critical structures and belts linking the many known small to medium-scale historic gold mines and deposits to help identify targets for the potential development of a medium to large-scale mine.