Business
Kamativi Lithium Project - Exploration Update
Kamativi Lithium Project - Exploration Update.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n For immediate release\n \n \n \n \n \n \n \n \n \n 8 December 2022\n \n \n \n \n Galileo Resources Plc\n \n \n \n \n (\"Galileo\" or \"the Company\")\n \n \n \n \n \n \n \n Kamativi Lithium Project - Reconnaissance and Follow-up Sampling Programmes\n \n \n \n \n \n \n \n \n Galileo Resources plc (\"Galileo \"or the \"Company\") is pleased to provide an update on a reconnaissance mapping and sampling programme completed over the Kamativi\n Lithium Project (\"Project\") in southwest Zimbabwe. The Project area comprises exploration licence EPO 1782 covering an area of 520 sq km in western Zimbabwe. Galileo has a current interest of 29% in the Project, held through its interest in BC Ventures, along with an option to earn an additional 51% interest through spending a combined total of $1.5million on exploration and evaluation in the Project area and over the Bulawayo gold-nickel property by 21 January 2024.\n \n \n \n \n \n \n Highlights\n \n \n \n ·\n Detailed reconnaissance mapping and sampling over the Kamativi lithium project has identified four target zones with potential for pegmatite-hosted lithium, tin and tantalum\n \n \n ·\n The target zones lie along strike extensions or on parallel structures to the Kamativi Tin Mine which contains a JORC (2012) compliant Indicated Mineral Resource of lithium in tailings of 26.3Mt @ 0.58% Li2O (Lithium Oxide)\n \n \n ·\n Former workings for tin, tantalum and tourmaline are noted within the Project area on the historic geological maps but lithium was not targeted at that time \n \n \n ·\n Possible visual identification of spodumene and petalite mineralisation by the Galileo field team in rock chip samples from one site will require laboratory confirmation\n \n \n ·\n 1,661 samples, comprising rock chips, stream sediments and soil samples have been dispatched to an assay laboratory for a range of elements, including lithium, tin and tantalum\n \n \n ·\n Confirmed targets will be identified for follow up work which may include drilling\n \n \n \n \n \n \n \n \n \n \n \n \n \n Colin Bird Chairman & CEO said:\n \n \"We have meticulously sampled the pegmatites over four target zones across our Kamativi lithium project licence area with the mission of identifying lithium occurrences, as well as testing the ...