Galileo Resources Identifies New Drilling Targets in Botswana

Galileo Resources PLC has identified new drilling targets in Botswana’s Kalahari Copperbelt, as revealed by an Induced Polarisation survey. The results, which support earlier findings, aim to justify a future drilling program. CEO Colin Bird expressed enthusiasm for these developments and their implications for copper mineralization research.

Galileo Resources PLC (AIM:GLR) has announced the identification of new drilling targets in Botswana’s Kalahari Copperbelt, specifically within its licences PL039/2018 and PL040/2018. An Induced Polarisation (IP) geophysical survey revealed anomalies across all five lines surveyed.

The company’s previous work on these licences uncovered anomalies using soil geochemical surveys near the southeastern basin margin of the Kalahari Copperbelt. Colin Bird, Chairman and CEO of Galileo, stated that earlier scout drilling indicated the prospective nature of these targets.

Bird further expressed optimism regarding the recent geophysical survey results, emphasizing that they validate the rationale for a committed drilling program. He stated: “The latest results provide powerful motivation to pursue the newly confirmed geophysical targets with vigour.”

The company intends to analyze previous drill core samples to ascertain the presence and extent of copper mineralization, which will be pivotal for planning the next drill campaign. Galileo Resources looks forward to updating shareholders following the approval of the drilling program by the board.

In summary, Galileo Resources has successfully identified significant new drilling targets in Botswana, supported by both historical geological assessment and recent geophysical surveys. The positive results underscore the company’s commitment to further exploration and development in the Kalahari Copperbelt region. The upcoming drill campaign aims to explore the confirmed targets, promising potential for copper discovery.

Original Source: www.proactiveinvestors.co.uk