Business
Update on Lithium Discovery - Kamativi Project
Update on Lithium Discovery - Kamativi Project.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n\nGalileo Resources Plc\n(\"Galileo\" or \"the Company\")\nUpdate on Lithium Discovery - Kamativi Project \n \nFollowing the recent announcement concerning the lithium discovery on Galileo's Kamativi licence in Zimbabwe, the Company considers it prudent to detail the history, work completed to date and rationale for drilling together with a licence-wide technical review for the benefit of shareholders. This announcement incorporates the drilling results announced on 10 August 2023.\n \nColin Bird Chairman and CEO said \"Following our exciting discovery we thought it prudent and informative to advise the market and shareholders of the underlying history and our strategy towards the Kamativi lithium and tin project. This initially reported lithium discovery has given us much encouragement and provided the impetus to increase the allocation of drilling metres to allow for definition drilling of the mineralisation. This demonstrates that our team has the ability to discover and thereafter implement protocols and regimes consistent with best practice. We look forward to presenting further results in accordance with the aforementioned protocols as the Project evolves and we will keep shareholders abreast of any material change should it arise\".\n \nBackground and Basis for Exploration Strategy\n \n· The Kamativi district is well-known for tin and latterly the ongoing development of a substantial lithium mining and processing operation at the former Kamativi tin mine.\n \n· Late-stage pegmatites mined on the neighbouring Kamativi mine are found in the Kamativi Formation hosted in a granitic terrane, mostly steeply dipping.\n \n· This same highly prospective pegmatite-bearing formation extends along strike to the southwest and northeast into Galileo's exploration licence from the Kamativi mine licence.\n \n· Exploration is guided by a wealth of external research underpinned by current work completed by CSA Global consultants ('CSA') on behalf of the Company looking specifically at the results of pXRF analyses for lithium indicator minerals (lithium analysis requires follow-up laboratory testing) on stream sediment, rock chip and soil samples collected by Galileo and the corresponding independen...