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Galileo Exploration Ltd. Completes Induced Polarization Survey at Majuba Hill Project; Arranges Financing
VANCOUVER, British Columbia, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSX Venture:GXL) (the "Company) is pleased to release results of its r
About this update from Visionary Metals Corp
[{"type":"text","content":"VANCOUVER, British Columbia, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSX Venture:GXL) (the \"Company) is pleased to release results of its recently completed 3-line 9,000 metre Induced Polarization (IP) survey on its Majuba Hill Copper/Silver/Gold porphyry project in Pershing County, North Central Nevada, USA. The IP survey targeted the southern extension of strong copper-silver mineralization intersected in drill hole MMX-24 which cut 222m of 0.27% copper and 10 g/t silver including 117 m grading 0.43% copper and 12 g/t silver at the bottom of the hole open to depth. No drilling has been conducted previously in this area. The Company's President and CEO Ron Rieder comments: \"When we planned the IP survey, we discussed our intent of confirming past anomalies, and went about it from a parallel angle to the past IP survey which was vectored at approximately 45 degrees to the same line. We were significantly more successful than originally anticipated.\" Ron Rieder states further: \"Upon initial interpretation of results, it was immediately decided to extend the IP by 1 km to the east on all three lines. The unanticipated result was what could best be described as the longest and strongest of all anomalies recorded on the Majuba Hill Copper project to date. The Company is highly encouraged that similar copper mineralization may be associated with the outlined large IP chargeability anomaly extending south of hole MMX-24.\" The survey was successful in outlining an IP chargeability anomaly above 8-10 msec, over a width of 400 to 800m+, and along a strike length in excess of 1,200 meters interpreted to be open to the south and east. The depth to the potential sulphide target varies from surface on the north to 150-200 metres on the south. Mineralization intersected in drill hole MMX-24 was the longest copper-silver intersection to date at Majuba, and is associated with disseminated chalcocite-chalcopyrite-arsenopyrite-pyrite sulphides in a quartz-sericite altered porphyritic intrusive with disseminated tourmaline and quartz — tourmaline — sulphide stockworks. Galileo has applied for, and received permits for diamond drill hole drill platform locations from the State of Nevada’s Bureau of Land Management. When final arrangements have been determined, a more detailed review of the company's plans for further delin...