Business
Exploration Developments over KCB Licences
Exploration Developments over KCB Licences.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n\n15 May 2023\n \nGalileo Resources Plc\n(\"Galileo\" or \"the Company\")\n \nExploration Developments over 100% Held Kalahari Copper Belt Licences\n \nGalileo Resources plc ('Galileo\" or the \"Company\") is pleased to provide an update on Airborne Gravity and Advanced Soil Geochemistry surveys commencing over the Company's 100% held licences PL253/2018, PL039/2018 and PL040/2018 in the Kalahari Copper Belt (KCB) in western Botswana. The Airborne Gravity Survey has been jointly commissioned by Cobre Limited ('Cobre') and Sandfire Resources ('Sandfire') with coverage to include part of Galileo licence PL253/2018 whilst Galileo itself is planning to undertake a soil sampling programme over the three licence areas.\n \n \nHighlights\n \n· Galileo has been informed that data collection on Cobre and Sandfire joint Airborne Gravity Gradient (AGG) survey has now commenced, with coverage to include part of Galileo licence PL253/2018 for which the Company will receive the data at no cost; results are expected in Q3 2023. \n \n· The survey covers a large portion of the KCB, including Cobre's new Ngami, Kitlanya West and Kitlanya East copper discoveries on a licence adjacent to PL253/2018, where Cobre has recently reported downhole drill intercepts up to 12.2m @ 2.7% CuEq (Cobre announcement 1 February 2023)\n \n· AGG results are expected to provide valuable information on KCB basin architecture and the location of copper-silver bearing trap-sites analogous to Sandfire's neighbouring T3 and A4 deposits, providing new targets for drill testing.\n \n· Galileo has also commenced preparations for a soil sampling programme for low detection mobile metal-ion geochemistry (TerraleachTM)* over critical contact zones across the three Galileo licences - more than 3,000 samples are planned, with sampling to be completed in Q2 2023, and results expected in Q3.\n \n· Sampling coverage includes ground adjacent to the licence hosting Cobre's recent drill discoveries at Ngami and Kitlanya where that company has been undertaking extensive similar soil programmes as part of its drill target identification.\n \n· G...