Galileo Resources Advances Exploration Efforts in Northwest Zambia
Galileo Resources has announced the completion of drilling operations in Northwest Zambia, specifically in Licence 28001, with two drill holes totaling 706.4 meters. The company has identified promising areas for copper mineralization, guided by geological mapping and sampling. Future exploration is set to commence after the rainy season, with a focus on locating valuable copper resources akin to those in the Democratic Republic of Congo.
Galileo Resources PLC (AIM:GLR) has provided an update on its exploration efforts in Northwest Zambia, specifically in Licence 28001. The company has completed two drill holes totaling 706.4 meters, confirming the geological stratigraphy within the license area. Through geological mapping, interpretation of historical geophysical data, and stream sediment sampling, Galileo has identified prospective areas for mineralization within the license.
These findings are pivotal for guiding future exploration, as they help identify potential ‘Kamoa-Kakula-type’ copper mineralization. Planning is currently underway for the next phase of exploration, anticipated to begin following the rainy season. Chief Executive Colin Bird highlighted the significance of the exploration, emphasizing that it is essential to verify that the Licence is situated within the Western Foreland domain, which is known for its rich copper resources.
Bird stated that the successful exploration and discovery of copper resources in this area could yield considerable benefits, particularly since the adjoining Democratic Republic of Congo (DRC) is home to some of the richest copper mines globally. They have notably narrowed their focus to the most promising regions of the Licence and are eager to commence the next exploration campaign after the season concludes.
In conclusion, Galileo Resources has made significant advancements in its exploration activities in Northwest Zambia, confirming key geological structures and identifying promising areas for copper mineralization. With plans for further exploration set after the rainy season, the company is poised to explore the rich potential of the Western Foreland region, which parallels the lucrative copper resources of the Democratic Republic of Congo.
Original Source: www.proactiveinvestors.co.uk
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