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Galileo Resources releases latest Zambia drill results

The findings will be used in a new conceptual 3D-model and grade-tonnage estimates for the project

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The new project model is anticipated in June

Galileo Resources PLC (LON:GLR) highlighted final results from drilling at the Zambian Star zinc project where the company continued to unearth mineralisation.

Assay results from the last eight holes of the programme were located in the vicinity of the southern periphery of a historic mineralised body.

READ: Galileo Resources  funds next stage of Star Zinc project

The findings will be used in a new conceptual 3D-model and grade-tonnage estimates for the project.

"This final batch of results support our view that the project will be boosted by peripheral, at or near-surface, mineralised karsts and zinc oxides,” said Colin Bird, Galileo chief executive.

Bird added: “We have engaged an independent geological consultant to develop, amongst other things, a conceptual (3D-model) grade-tonnage estimate based on differentiation of the  material into medium (3-20% Zn) and high grade (>20% Zn) domains.

“We expect from this exercise and futher study to be able to direct the next exploration and drilling programme with a view to further increasing the size of the deposit and to generate a compliant maiden resource estimate.”

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Price: 0.343 GBX

AIM:GLR
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Market Cap: £1.91 m
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Galileo Resources hits 'exceptionally' high grades at Star Zinc project

Colin Bird, chief executive at Galileo Resources PLC (LON:GLR), tells Proactive's Andrew Scott they've struck 'exceptionally' high zinc grades of between 41.51% and 46.58% across three holes drilled as part of a wider swathe of drilling on the Star zinc project in Zambia. So far, 26...

on 10/4/18

2 min read