Business
Drilling underway on Licence 28001, NW Zambia
Drilling underway on Licence 28001, NW Zambia.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n\nRNS Number :\nGalileo Resources PLC\n8 August 2024\n \nGalileo Resources Plc\n(\"Galileo\" or the \"Company\")\n \nDrilling underway on Licence 28001, Western Foreland, NW Zambia\n \nThe Company is pleased to confirm that Phase 1 drilling on Licence 28001 - HQ - LEL in NW Zambia has commenced. The Licence is situated within the Western Foreland and drilling is targeting Kamoa - Kakula-type mineralisation. A number of potential lithological contacts have been identified by the exploration team that could provide suitable conditions for the development of redox fronts and associated copper mineralisation. These will be tested in the coming weeks.\nThe Company will provide the market with updates when results are received.\n \nTechnical Sign-Off\nTechnical 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.\n \nYou can also follow Galileo on Twitter: @GalileoResource\n \nFor further information, please contact: Galileo Resources PLC\n \n\n\n\n\nColin Bird, Chairman\n\n\nTel +44 (0) 20 7581 4477\n\n\n\n\nBeaumont Cornish Limited - Nomad\nRoland Cornish/James Biddle\n\n\nTel +44 (0) 20 7628 3396\n\n\n\n\nNovum Securities Limited - Joint Broker\nColin Rowbury /Jon Belliss\n\n\n+44 (0) 20 7399 9400\n\n\n\n\nShard Capital Partners LLP - Joint Broker\nDamon Heath\n\n\nTel +44 (0) 20 7186 9952\n\n\n\n\n \nThe 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\").\n \nBeaumont 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...