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Concordia Copper Project - Drilling Commencement
Concordia Copper Project - Drilling Commencement.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8925W Galileo Resources PLC 15 February 2017 \n\nFor immediate release\n \n15 February 2017\nGalileo Resources Plc\n(\"Galileo\" or \"the Company\")\nConcordia Copper Project - Drilling Commencement \n \nGalileo (AIM:GLR) is pleased to announce commencement of a drilling programme for its Concordia Copper project (\"Concordia or Project\") in the Northern Cape Province of South Africa. Drilling is expected to commence this week and will comprise initially, up to 6 reverse circulation (RC) drill holes down to 300 metre (m) depth. The drilling programme is exclusively focused to test the reliability of geophysics anomalism in identifying mineralisation targets. \n \n Highlights\n \n· RC drilling on Concordia to commence Thursday 16 February \n· Up to 6 RC holes (1800 metre programme) planned \n· Five geophysics anomalous targets selected for drilling: 4 on the Homeep Trend and 1 on the Shirley Trend \n· Holes will be angled between 70o and 80o\n \nColin Bird CEO commented: \"The initial drill programme is designed essentially to establish a correlation between the geophysics and sulphide mineralisation and attach potential copper grades to the geophysics chargeability levels. The drilling results, if successful, would prove that the geophysics will be an essential part of any future resources drilling programme and as such is very important. We look forward to the results and factoring its conclusions overall into our Concordia project\". \n \n \nConcordia Exploration \n \nFollowing a strategic joint review of Minxcon Consulting (Pty) Ltd's ('Minxcon') independent assessment of exploration potential on 34 possible prospects on the Concordia Project, and their ranking in terms of prospectivity, the Company prioritised four main areas: the Homeep Trend, the Shirley Trend (including the Klondike Prospect) and the Henderson Prospect area for exploration activities, commencing with an Induced Polarity (IP) geophysical survey. \n \nIn September 2016, the Company selected GeoSpec Instruments (Pty) Ltd (from three bidders) for a 3-phase IP survey on Concordia: 1st Phase -the Homeep Trend ; 2nd Phase - the ...