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Galileo Resources PLC could be drilling at Concordia as early as January

Galileo Resources PLC (LON:GLR) is about to kick off geophysical exploration at its Concordia copper project in South Africa next month, starting with one of its top three targets for open pit mining: Homeep.
Chairman and chief executive Colin Bird tells Proactive Investors that the indicated grades have been 0.8% and north of that figure in some parts, which is a relatively high grade for an open pit. For non-mining buffs, he throws in a quick explanation of the induced polarisation (IP) technique that should direct the company to where the best grades are.
“Concordia has all the makings of a big project,” Bird said.

Quick facts: Galileo Resources PLC

Price: 0.825 GBX

AIM:GLR
Market: AIM
Market Cap: £6.74 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