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Galileo Resources Plc
Summary
| Project: | Star | |
|---|---|---|
| Deposit: | Star | |
| Location: | Zambia | |
| Commodities: | Zinc-Silver-Germanium | |
| Date: | 5/14/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-5-2018: Galileo Resources Plc announces an Exploration/Drilling Update report for its Star deposit at the Star project. JV - Drilling results incl. 29m @ 8.29% Zn, 5.5ppm Ge, 12ppm Ag from 0m. Galileo is pleased to announce results* for the final eight | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Sarosi (Internal) | |
| ABSTRACT: | Galileo is pleased to announce results* for the final eight diamond drill holes of its 26-hole drilling programme on the Zambian Star Zinc project ("Star Zinc"), in which the Company has an 85% interest. These holes were drilled in the southern periphery of the historic mineralised zone. Colin Bird, Chief Executive Officer, said: "This final batch of results support our view that the project will be boosted by peripheral, at or near-surface, mineralised karsts and zinc oxides. At a cut-off grade of 3% zinc, (based on the fact that the deposit is very close to surface), this would potentially require little or no blasting. We have engaged an independent geological consultant to develop, amongst other things, a conceptual (3D-model) grade-tonnage estimate based on differentiation of the material into medium (3-20% Zn) and high grade (>20% Zn) domains. We expect from this exercise and futher study to be able to direct the next exploration and drilling programme with a view to further increasing the size of the deposit and to generate a compliant maiden resource estimate To complement this, we are currently evaluating the results from a collection of physical core rock property measurements in relation to potential geophysical exploration methods in order to assess suitability and determination of the most optimal exploration drill-targeting tool. | |
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