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Drilling update - Kalahari copper belt
Drilling update - Kalahari copper belt.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5763R\n Galileo Resources PLC\n 08 November 2021\n \n \n \n \n \n \n \n For immediate release \n \n \n \n \n \n 8 November 2021\n \n Galileo Resources Plc\n (\"Galileo\" or \"the Company\")\n \n \n \n \n Update on Drilling Programme over Kalahari Copper Belt Licences\n \n \n \n \n \n Galileo Resources plc (\"Galileo \"or the \"Company\") is pleased to provide an update on drilling progress on the Kalahari Copper Belt (\"KCB\") Project in western Botswana.\n \n \n Highlights\n \n \n · \n A total of over 5,000 metres (m) of mixed core and reverse circulation drilling has been completed to date on five of the Kalahari Copper Belt exploration licences in Botswana, including both the Company's retained licences and the Sandfire Agreement Licences (see RNS dated 16 September 2021), with the agreement of Sandfire Resources \n \n \n · \n Drilling on the Sandfire Agreement Licences intersected visible copper mineralisation at 242.7m in core hole BDDD004 on PL366/2018 in the form of vein-hosted chalcopyrite. This interval will be sent for laboratory assay, along with other zones of interest highlighted by detailed logging of reverse circulation chips\n \n \n · \n Galileo drilled in two of its retained licences, PL40/2018 and PL253/2018, with most holes intersecting the target D'kar/Ngwako Pan Fm. While no copper mineralisation was found,\n one hole intersected a 6.32m interval of 2-5% fine-grained disseminated pyrite at the target horizon level which might represent a hydrothermal mineral system lateral to a copper occurrence\n \n \n · \n Drilling is ongoing on PL253/2018 and drilling has just commenced on PL39/2018 with the aim of testing an extensive airborne EM target on this property, focussed on the margins of a regional scale dome feature\n \n \n · \n The Company looks forward to receiving assay results from the PL366/2018 copper intersection as well as the results of the continuing drilling programme\n \n \n \n \n Colin Bird Chairman & CEO said:\n \n \"\n We are very pleased that drilling on the Sandfire Agreement licences hit mineralisation of a type that can be associated with copper deposits on the KCB. This intersection site is located within a licence block where Sandfire has a US$4m exploration commitment over the following two years. Initial results bode ...