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Kamativi Lithium Project - New Discoveries
Kamativi Lithium Project - New Discoveries.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \n \n 23 March 2023\n \n \n \n \n \n \n \n \n Galileo Resources Plc\n \n \n \n \n (\"Galileo\" or \"the Company\")\n \n \n \n \n Kamativi Lithium Project, Zimbabwe - New Discoveries\n \n \n \n \n \n \n Galileo Resources plc (\"Galileo \"or the \"Company\") is pleased to inform shareholders that exploration over the Kamativi Licence (\"Project area\") has led to the delineation of a number of significant lithium, tin and rare earth element anomalies all of which warrant further immediate investigation.\n \n \n The Kamativi licence EPO 1782 covers an area of 520 sq km in western Zimbabwe. Galileo has an option to earn an 80% 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 July 2024.\n \n \n The Licence is adjacent to the former Kamativi mine and hosts strike extensions to the former mining district which produced between 1936 and 1994 over 37,000 t of tin and tantalum from 27Mt of tin-lithium-caesium-tantalum bearing pegmatites. In 2018, Chimata Gold Corp. (Zimbabwe Lithium Company) announced a NI 43-101 compliant Indicated Mineral Resource of 26.3Mt at 0.58% Li2O, 493 ppm SnO2, 41 ppm Ta2O5 & 65 ppm Nb2O5 for the Kamativi tailings project. The estimate was completed by MSA Group (Pty) Ltd of South Africa.\n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n ·\n Highly encouraging initial exploration has identified 4 priority zones anomalous in lithium, tin, tantalum and rare earth elements for immediate follow-up.\n \n \n ·\n \n Zone 1\n \n (west of licence): Pegmatite swarms with individual pegmatites up to 30m wide have revealed a coherent Li-Cs-Nb-Sn-W-Ga-Rb- total rare earth element ('TREE') in soil anomaly extending over 1.2km with a width of 300 to 500m and a peak Li in soil content of 880ppm, with a further 1.5km extension (to the limit of laboratory assays) with peak Li in soil content of 1,000ppm.\n \n \n ·\n Zone 1 rock chip samples report up to 0.4% Sn and stream sediment sampling from the surrounding area, distal to the soil sampling report total rare earth elements peaking at 0.80%.\n \n \n ·\n A further 2km long zone of prospective pegmatite lithology associated with elevated Li, Nb, W, Sn, Ga, Rb and a total rare earth element geochemical response up to 0.45% TREE has also been d...