Business
Galileo Announces Acquisition of 10.25km2 of Mining Claims in Fremont County, Wyoming; The Wolf Project
(TheNewswire) Vancouver, British Columbia - TheNewswire - September 30, 2020 ...
About this update from Visionary Metals Corp
[{"type":"text","content":"Galileo Announces Acquisition of 10.25km2 of Mining Claims in Fremont County, Wyoming; The Wolf Project\n \n \n (TheNewswire)\n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire\n \n \n - September 30, 2020\n \n \n - Galileo Exploration Ltd. (\"\n \n \n Galileo, or the Company\n \n \n \") (TSX VENTURE: GXL)\n \n \n (TSXV:GXL)\n \n \n is pleased to announce that\nit has, through its wholly-owned subsidiary, entered into a mining\nlease assignment agreement (the \"\n \n \n Assignment Agreement\n \n \n \") relating to properties in the Overland Mining\nDistrict and Lewiston Mining District within Fremont County, Wyoming\n(the \"\n \n \n Leases\n \n \n \"). The Company has also staked an additional 2,391\nacres around the Leases and on other target areas of interest\nresulting in a land package of approximately 10.25 square kilometers\n(2,534 acres).\n \n \n \n \n Within the Leases are historical mines, the Wolf (Ruby\nClaims) and Helen G (Mill, Helen G and Star Lode Claims). Due\ndiligence sampling consisting of selective grab samples of the\nhistoric dump of the Wolf Mine returned values ranging from detection\nlimit to 19.873 grams per tonne (\"\n \n \n g/t\n \n \n \") gold. Rock\nchip sampling from exposed outcrop near the Wolf Shaft returned values\nfrom detection limit up to 2.634 g/t gold. The Wolf Mine, at the\nnortheast end of the Lewiston trend, is a historic past producer of\nhigh-grade gold values in quartz veins and stockworks within sheared\nmetagreywacke of the Miners Delight formation. It should be noted that\nthe potential quantity and grade of these exploration targets is\nconceptual in nature, that there has been insufficient exploration to\ndefine a mineral resource and that it is uncertain if further\nexploration will result in the target being delineated as a mineral\nresource as per the NI 43-101 reporting standards.\n \n \n \n \n Galileo management states, \"The Company is pleased\nthat it has identified an exciting opportunity to consolidate\nunderexplored gold trends in the South Pass Greenstone Belt targeting\norogenic gold mineralization comprised of high-grade shoots within\nmineralised shear zones. By combining the new patented claim leases\nwith newly staked adjacent unpatented claims, the Company is well\npositioned to begin a regional exploration program and plans to\ncontinue efforts to exp...