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Galileo starts 1 750 m drilling programme at Zambia zinc project

4th December 2017

By: Creamer Media Reporter

     

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JOHANNESBURG (miningweekly.com) – As part of plans to fast-track exploration at its 51%-owned Star Zinc project, in Zambia, Aim-listed Galileo Resources will this week embark on a 1 750 m drilling programme.

The programme is aimed at both resource confirmation and resource expansion.

CSA Global will prepare a Joint Ore Reserves Committee- (Jorc-) compliant mineral resource estimate in collaboration with Zambian firm GeoQuest, which is responsible for managing the drilling programme.
 
“This imminent drilling programme is designed to confirm a regulatory Jorc code resource and to test the potential of other nearby areas considered to be prospective,” said CEO Colin Bird.

Galileo intends to start work on a preliminary economic assessment (PEA) on the project once the drilling programme is completed.

Galileo in August entered into an agreement with BMR Group to acquire a 51% stake in Enviro Zambia, which holds the Star Zinc project. Under the terms of the agreement, Galileo’s stake in Enviro Zambia will increase to 58% on completion of a PEA.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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