4 March 2025
Galileo Resources PLC (AIM:GLR) told investors it has identified new drill targets in Botswana’s Kalahari Copperbelt, in its licences PL039/2018 and PL040/2018. An Induced Polarisation (IP) geophysical survey detected anomalies across all five of its surveyed lines.
“The previous work undertaken by the company on these two licences identified anomalies based on soil geochemical surveys located close to the southeastern basin margin of the Kalahari Copperbelt,” Galileo chair and chief executive Colin Bird said.
“We know from previous work including our own scout drilling that these targets within the two licences were prospective and the recently completed follow-up ground geophysical surveys have delivered well-defined targets that clearly justify a commitment to a drill programme.”
He added:
“The latest results provide powerful motivation to pursue the newly confirmed geophysical targets with vigour. We look forward to providing shareholders with further updates once the drill programme has been approved by the Galileo board.”
A geochemical analysis on previous drill core to confirm the presence and extent of copper mineralisation will also factor as the company plans its next drill campaign, the company noted.
Source: https://shorturl.at/O5CjQ
