Galileo Resources has identified new drill targets in Botswana’s Kalahari Copperbelt through recent geophysical surveys, revealing significant anomalies. The company’s previous work indicated the prospectivity of these areas, leading to plans for an upcoming drilling program to further explore copper mineralization. Chairman Colin Bird expressed optimism for the project’s advancement and engagement with shareholders.
Galileo Resources PLC announced the identification of new drill targets within Botswana’s Kalahari Copperbelt, specifically in its licenses PL039/2018 and PL040/2018. The company utilized Induced Polarisation (IP) geophysical surveys, which revealed anomalies along all five surveyed lines, indicating potential for mineral discoveries.
Colin Bird, chair and chief executive of Galileo, emphasized that prior investigations revealed significant anomalies through soil geochemical surveys near the southeastern margin of the basin. He stated that prior scout drilling had confirmed the prospectivity of these targets, and the new geophysical surveys have now led to well-defined targets worthy of a drilling program commitment.
Bird remarked, “The latest results provide powerful motivation to pursue the newly confirmed geophysical targets with vigor.” He expressed anticipation for further updates for shareholders, contingent upon the approval of the drilling program by the Galileo board. The company also noted that geochemical analysis on previously obtained drill core will be vital for confirming the presence and extent of copper mineralization as it plans future drilling campaigns.
In conclusion, Galileo Resources PLC has successfully identified promising new drilling targets in Botswana’s Kalahari Copperbelt, supported by geophysical survey results. The company plans to advance with a drilling campaign to explore these anomalies further, bolstered by prior successful drilling and geochemical analysis. Stakeholders can expect more updates following the board’s approval of the drilling program.
Original Source: www.proactiveinvestors.co.uk
