Business
Concordia Copper Project Update
Concordia Copper Project Update.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1358F Galileo Resources PLC 15 May 2017 \n\nFor immediate release\n \n15 May 2017\nGalileo Resources Plc\n(\"Galileo\" or \"the Company\")\nConcordia Copper Project - Drill Programme Completion \n \nGalileo (AIM:GLR) is pleased to announce that further to the announcement of 15 February 2017, it has now completed its initial drilling programme on its Concordia project (the \"Project \") in the northwest of Northern Cape Province of South Africa. The first set of analytical results on drill samples are expected by end of May 2017 and a second final set of results are expected by end of June 2017. \n \nHighlights \n \n· Drilling programme completes fourteen reverse circulation (RC ) holes in the Homeep and Shirley Trends totalling 2170 metres (m); substantially exceeding the original plan for six holes \n \n· Four holes were drilled in the Homeep Trend; seven holes in the Shirley Trend and three exploratory holes in Klondike, a prospect immediately south of Shirley Trend\n \n· Holes targeting Induced polarisation (IP) geophysics anomalies as well as surface geology, intersect diorite/anorthosite structures \n \n· Six holes on Shirley Trend intersect diorite/anorthosite runs (non-continuous) with visible copper sulphide mineralisation - chalcopyrite and some bornite- in the drill chippings\n \n· Results confirm the validity, reliability and usefulness of IP geophysics in targeting anomalous chargeability zones \n \n· Galileo has committed to the company owning the Project, 100% of the funds required to earn-in a 51% interest in the company owning the Project. \n \nColin Bird CEO said: \"The aim of the drilling programme was to test the geophysics technology and the anomalies generated as a means for directing future exploration. The results obtained to date confirm the validity, high reliability and usefulness of IP geophysics. We eagerly await the analytical results of the drill samples. The Shirley and Homeep Trends will be remodelled and the strategy for further drilling established. W...