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EM Survey commences on Kalahari Copper Belt tenure
EM Survey commences on Kalahari Copper Belt tenure.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3151Z\n Galileo Resources PLC\n 17 September 2020\n \n \n \n \n \n \n \n For immediate release \n \n \n \n \n \n 17 September 2020\n \n Galileo Resources Plc\n (\"Galileo\" or \"the Company\")\n \n Dissemination of a regulatory announcement that contains \n \n \n inside information according to Regulation (EU) number 596/2014 (MAR)\n \n \n \n \n \n EM Survey commences over Highly Prospective Kalahari Copper Belt tenure\n \n \n \n \n \n Galileo Resources plc (\"Galileo \"or the \"Company\") is, further to its announcement on 12 August 2020, pleased to announce that it has commenced a Helicopter-borne Electromagnetic Survey (EM) over two of its' highly prospective tenures within its 100% held \n Kalahari Copper Belt (\"KCB\") Project in western Botswana and expects to announce preliminary results by 31 October 2020.\n \n \n \n \n \n Highlights\n \n \n · \n Galileo\n has commenced \n the\n planned \n Helicopter-borne High Resolution Electromagnetic (EM) and Magnetic Survey\n over sections of PL40/2018 and PL39/2018 within \n its'\n \n highly prospective\n Kalahari Copper Belt Project\n \n \n · \n The survey is being completed using NRG's Xcite™ Airborne Electromagnetic (AEM) system\n \n \n · The Objective of the EM survey is to define the most prospective structural setting mineralisation within PL40/2018 and PL39/2018, as well as possibly directly detect any conductive mineralisation present. The juxtaposition of an isolated conductive anomaly and a dome feature in the EM data would represent a high priority target for drill testing.\n \n \n · As announced on 12th August, PL40/2018 and PL39/2018 are considered highly prospective because they are interpreted to have similar geological settings to Cupric Canyon Capital's Zone 5 and Zone 5N deposits, situated only 25 kilometres due west (which are a subset of a combined sulphide resource of 502Mt @ 1.4% Copper (\"Cu\") and 17g/t Silver (\"Ag\"), including 185Mt @ 2.0% Cu and 27g/t Ag)\n \n · \n The southern portion of PL40/2018 is considered particularly prospective as this area is located within a WNW-ESE trending zone that contains five copper-silver deposits previously discovered in the KCB, including Plutus, Zeta, NE Zeta, Zone 5 Nth and Zone 5\n \n \n · Again, as announced on 12th August, PL40/2018 and PL3...