Galileo Resources ( (GB:GLR) ) just unveiled an update.
Galileo Resources has announced the completion of Phase 3 drilling at its Shinganda Project in Zambia, revealing potential extensions of shallow oxide copper-gold mineralization. Despite some inconclusive assay results due to challenging ground conditions, the company has identified promising targets for further exploration. The upcoming Phase 4 exploration will focus on the Main Fault target, aiming to identify structural mineral trap sites in an extensive IOCG setting. This development could enhance Galileo’s operations and strengthen its position in the mineral exploration industry.
More about Galileo Resources
Galileo Resources PLC is a company operating in the mineral exploration industry, primarily focusing on copper and gold exploration projects. The company holds a 75% interest in the Shinganda Project in Zambia, where it is actively engaged in drilling and exploration activities to identify and expand mineral resources.
YTD Price Performance: 16.48%
Average Trading Volume: 1,367,456
Technical Sentiment Signal: Hold
Current Market Cap: £11.92M
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