Galileo Resources PLC Drilling underway on Shinganda Licence, Zambia
21 Agosto 2024 - 1:00AM
RNS Regulatory News
RNS Number : 1593B
Galileo Resources PLC
21 August 2024
Aug
21 2024
Galileo Resources
Plc
("Galileo" or the
"Company")
Drilling underway on
Shinganda Licence, Central western Zambia
The Company is pleased to confirm
that Phase 3 RC drilling on the Shinganda Licence has
commenced. Exploration including drilling to date has
established the potential for a large IOCG-type target and the
current programme is focusing on an approximate 10km strike length of Cu - Au mineral-bearing fault/shear
targets along the Shinganda Main Fault and Splay structures broadly
defined by the Company to date. These structures
exposed at surface are proven to host copper - gold mineralisation
within shears associated with the Shinganda Splay Fault. The extent
of the mineralisation will be tested during this
programme.
The Company will provide the market
with updates when results are received.
Technical Sign-Off
Technical information in this
announcement has been reviewed by Edward (Ed) Slowey, BSc, PGeo,
Technical Director of Galileo. Mr Slowey is a geologist with more
than 40 years' relevant experience in mineral exploration and
mining, a founder member of the Institute of Geologists of Ireland
and is a Qualified Person under the AIM rules. Mr Slowey has
reviewed and approved this announcement.
You can also follow Galileo on
Twitter: @GalileoResource
For further information, please
contact: Galileo Resources PLC
Colin Bird, Chairman
|
Tel +44 (0) 20 7581 4477
|
Beaumont Cornish Limited -
Nomad
Roland Cornish/James
Biddle
|
Tel +44 (0) 20 7628 3396
|
Novum Securities Limited - Joint
Broker
Colin Rowbury /Jon
Belliss
|
+44 (0) 20 7399 9400
|
Shard Capital Partners LLP - Joint
Broker
Damon Heath
|
Tel +44 (0) 20 7186 9952
|
The information contained within this announcement is deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK Domestic Law by virtue of the European Union (Withdrawal) Act
2018 ("UK MAR").
Beaumont Cornish Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is acting as
nominated adviser to the Company in relation to the matters
referred herein. Beaumont Cornish Limited is acting exclusively for
the Company and for no one else in relation to the matters
described in this announcement and is not advising any other person
and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of
Beaumont Cornish Limited, or for providing advice in relation to
the contents of this announcement or any matter referred to in
it.
END
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