Galileo Resources Identifies Promising New Drill Targets in Botswana

Galileo Resources PLC has identified new drill targets in Botswana’s Kalahari Copperbelt within licenses PL039/2018 and PL040/2018. An Induced Polarisation survey revealed anomalies indicating potential mineralization. The company plans to advance with drilling once the board approves the program, supported by historical geochemical analysis.

Galileo Resources PLC (AIM:GLR) has announced the identification of new drilling targets in Botswana’s Kalahari Copperbelt, specifically within its licenses PL039/2018 and PL040/2018. Recent geophysical surveys, utilizing Induced Polarization (IP) technology, highlighted anomalies across all five surveyed lines, confirming the prospective nature of these areas.

Chairman and Chief Executive Colin Bird remarked on the historical work conducted by the company, noting that previous soil geochemical surveys revealed anomalies near the southeastern margin of the Kalahari Copperbelt. He emphasized the significance of the latest geophysical survey results, stating that they provide substantial justification for initiating a commitment to a drill program.

Bird expressed optimism regarding the advancement of these geophysical targets, indicating a vigorous pursuit of drilling activities moving forward. He also assured shareholders that further updates would be provided following the approval of the drilling program by the board.

Furthermore, the company plans to conduct geochemical analyses on previously collected drill cores to validate the existence and extent of copper mineralization as part of its forthcoming drilling campaign.

In summary, Galileo Resources PLC has successfully identified new drill targets in Botswana that exhibit promising potential for copper mineralization. The company’s historical surveys and the latest geophysical results have solidified their confidence in proceeding with drilling activities, with plans to keep shareholders informed as the project progresses.

Original Source: www.proactiveinvestors.co.uk

About Liam Nguyen

Liam Nguyen is an insightful tech journalist with over ten years of experience exploring the intersection of technology and society. A graduate of MIT, Liam's articles offer critical perspectives on innovation and its implications for everyday life. He has contributed to leading tech magazines and online platforms, making him a respected name in the industry.

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