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.