IN BRIEF: Galileo shares rise as begins drilling at Kalahari licence
Galileo Resources PLC - copper, gold and lithium mine development in Zambia, Zimbabwe and Botswana - Begins reverse circulation drilling at geochemical and geological targets at its wholly-owned prospecting licence PL253 in the Kalahari Copperbelt in Botswana. "Our drilling programme now underway on PL253 is being carried out in an area with a highly prospective address," says Chief Executive Officer & Chair Colin Bird. "Significant exploration commitment by BHP [Group Ltd] and others has placed the spotlight on this underexplored northwestern limb of the KCB and provides considerable encouragement for our programme. We look forward to the outcome and will keep shareholders informed as results are received." Under the terms of a recent deal with Sydney-based copper exploration and development firm Cobre Ltd, BHP will invest up to USD25 million for exploration expenditure on Cobre's Kitlanya copper projects, including Kitlanya West, which is located close to PL253. BHP is a Melbourne, Australia-based diversified miner. Read More