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Discovery of Nickel Targets at Bulawayo Project
Discovery of Nickel Targets at Bulawayo Project.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \n \n \n For immediate release\n \n \n \n \n \n \n \n \n \n 26 August 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Galileo Resources Plc\n(\"Galileo\" or \"the Company\")\n \n \n \n \n Discovery of Nickel Targets at the Bulawayo Gold Project, Zimbabwe\n \n \n \n \n \n \n Galileo Resources plc (\"Galileo \"or the \"Company\") is pleased to report that several potential nickel targets were also highlighted in the recent airborne geophysical survey over the two exploration licences (\"the Licences\") comprising the Bulawayo Gold Project in Zimbabwe alongside the gold potential targets in the survey reported in the announcement of 16 August 2022.\n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n ·\n In addition to the recently reported gold targets generated by the interpretation of a new aeromagnetic and radiometric geophysical survey undertaken by Xcalibur Airborne Geophysics (Pty) Ltd, the external consultant has reported on several areas with nickel potential that have also been identified in combination with geological mapping and historic soil geochemical data\n \n \n \n \n \n ·\n The Licences include large areas covered by younger rocks and alluvium. The recent interpretation of geophysical data indicates the presence of greenstone belts, banded iron formation and geological structures conducive to both gold and nickel mineralisation found beneath this cover where historically no exploration has taken place.\n \n \n \n \n \n ·\n Nickel sulphide deposits in Zimbabwe are located in Archean rocks of komatiitic composition within greenstone belts, mafic - ultramafic intrusions or the Great Dyke. The recent interpretation has identified both potential mafic and komatiitic host rocks on the Licences.\n \n \n \n \n \n ·\n Three nickel targets with the potential for follow up have been identified together with several further sites of interest:\n \n \n \n \n \n o \n A 1.5km long soil geochemical anomaly up to 1,700ppm Ni with a coincident magnetic signature has been highlighted from historic sampling in the Fingo area in close association with a nearby granite body and faulting. Mineralisation is hosted by an elliptical meta-basalt, a known receptive host for nickel mineralisation. \n \n \n o \n An entirely new discovery has also been made, a second ma...