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Star Zinc Project Update - Geophysics Review
Star Zinc Project Update - Geophysics Review.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3348V Galileo Resources PLC 23 July 2018 \n\n \nFor immediate release \n23 July 2018\nGalileo Resources Plc\n(\"Galileo\" or \"the Company\")\nStar Zinc Project Update\nGeophysics Review \nThe Company is pleased to announce results of an independent review and interpretation (\"Review\") by Earthmaps Consulting CC Namibia (\"Earthmaps\") of historical gravity geophysics exploration data (\"Geophysics Data\") against the Company's recent drilling programme results (announced 14 May, 2018) on its Star Zinc Project in Zambia (\"Star Zinc). The Company, in joint venture with BMR Group plc (\"BMR\"), has an 85% interest in Star Zinc.\n \nA copy of the Earthmaps report, including relevant diagrams, is available on the Company's website, www.galileoresouces.com.\n \n \n Highlights\n· Interpretation of historical gravity geophysics data indicates good correlation of the geophysics gravity anomalies with drill-intersected zinc mineralisation (\"DZM\") on Star Zinc \n· This correlation provides a promising tool not only for drill targets in geophysic-tested areas as-yet-undrilled, in the immediate and outlying vicitnity of DZM but also for further potential exploration in other areas \n \n· Borehole positions are presented to test gravity highs to the west, north-east and southeast of the DZM for additional zinc mineralization \n \n· Drilling to commence shortly\n \n· Closer spaced ground gravity geophysics being considered to target resource extension drilling \n \n· Directors believe good potential for discovering further zinc mineralisation and extending the mineral resource on Star Zinc \nColin Bird, Chief Executive Officer, said: The re-modelling and interpretation of the drillhole data from our recent drilling progreamme against historical ground geophyics data demonstrates very good correlation with known zinc mineralisationon at Star Zinc: the high gravity signatures relate to the high-grade zinc (high-density) willemite mineralisation and the gravity lows to the zinc-bearing (low density) karsts. We will use this modelling data to target new borehioles in our forthcoming second dr...