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Commencement of Exploration: Kalahari Copper Belt
Commencement of Exploration: Kalahari Copper Belt.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 8212V\n Galileo Resources PLC\n 12 August 2020\n \n \n \n \n \n \n \n For immediate release \n \n \n \n \n \n 12 August 2020\n \n Galileo Resources Plc\n (\"Galileo\" or \"the Company\")\n \n \n \n \n Commencement of Exploration on Kalahari Copper Belt\n \n \n \n \n \n Galileo Resources plc (\"Galileo \"or the \"Company\") is pleased to announce that it has approved start-up of exploration on its' 100% held property in the highly prospective Kalahari Copper Belt (\"KCB\") in western Botswana.\n \n \n Highlights\n \n \n · \n Galileo\n has approved commencement of exploration programs on Kalahari Copper Belt licences PL40/2018 and PL39/2018 aimed at defining targets for initial drill testing\n \n \n · \n Exploration will include Heliborne-Electromagnetic (EM) geophysical surveys and a reconnaissance soil sampling survey - techniques which have led to discovery of several major copper-silver deposits in the region\n \n \n · \n Galileo licences are interpreted by management to have similar geological settings to Cupric Canyon Capital's Zone 5 and Zone 5N deposits, situated only 25 kilometres due west (which are a subset of a combined sulphide resource of 502Mt @ 1.4% Cu and 17g/t Ag, including 185Mt @ 2.0% Cu and 27g/t Ag)\n \n \n · \n PL40/2018 and PL39/2018 \n also lie along strike of Sandfire Resources' T3 and A4 copper-silver deposits, as well as Cupric's Banana Zone and Eland Zone copper deposits\n , situated 140km to the southwest\n \n \n Colin Bird Chairman & CEO said: \"We are pleased to announce the\n \n commencement of exploration activities on Kalahari Copper Belt (KCB) tenures PL40/2018 and PL39/2018. Initial exploration will include Heli-EM and soil sampling surveys, which are routine exploration techniques within the KCB and have been responsible for the identification of multiple prospects that have become copper-silver mineral deposits for companies such as Discovery Metals, Cupric Canyon and MOD Resources.\" \n \n \n \n Geological Setting and Comparison to Other Projects\n \n \n The interpreted geological setting beneath the Kalahari overburden for the area covered by PL40/2018 and PL39/2018 has been interpreted from the regional aeromagnetic and EM data. This area has strong similarities to the synclinal geological setting that hosts Cupric Canyon Capit...