21st Aug 2024 12:13
(Alliance News) - Galileo Resources PLC on Wednesday said that it has started phase three reverse circulation drilling at Shingada.
Galileo is a mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US. The Shingada project is located in central-western Zambia.
Exploration drilling to date has established the potential for a large iron oxide copper-gold-type target, Galileo explained.
Accordingly, the current programme is focused on a 10 kilometre strike length of copper-gold mineral-bearing fault/shear targets along the Shingada main fault and splay structures defined to date.
These structures exposed at surface are already proven to host copper-gold mineralisation within shears, and so the programme will test the extent of mineralisation.
Shares in Galileo Resources were trading 9.1% higher at 1.20 pence each in London on Wednesday afternoon.
By Holly Beveridge, Alliance News senior reporter
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