19th Oct 2015 08:16
LONDON (Alliance News) - Galileo Resources PLC on Monday said it has renewed the majority of its wholly owned Nevada claims for a further 12 months.
The exploration and development mining company said that all but one small claim, the Sand Springs, have been renewed, putting it in "good standing" until the end of August 2016.
"Galileo has secured its US holdings for a further year, and I am convinced that our portfolio is well above average with immediate exploration target abundant. The Gabbs property, with its large defined resource, underpins our whole Nevada position, and we have significant trade interest in most of our Nevada positions," Chairman Colin Bird said in a statement.
Shares in Galileo were untraded at 1.525 pence on Monday morning.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Galileo Resourc