JOHANNESBURG (miningweekly.com) – An exploration desktop study has identified and ranked seven high-priority additional prospective copper targets showing the potential for shallow, near-surface, openpit copper mineralised zones within the Concordia project, in the Okiep copper district, in the Northern Cape, Aim-listed Galileo Resources said on Monday.
The study was aimed at confirming historical prospective areas and identifying additional targets for assessment, with an additional 27 prospective copper targets identified and several areas now currently under investigation to increase the project’s size potential.
Galileo said that, following on previous preliminary initial modelling on four target areas, namely Wheal Julia, Koeëlkop, Whyte's West and Klondike, with a new identified prospect Homeep East, Minxcon conducted a desktop study on some 34 targets to identify and rank prospective areas.
“We are highly encouraged by the results so far and the next stage exploration with induced polarisation (IP) geophysics is planned with a view to closer definition of the mineralised targets before undertaking confirmatory resource definition drilling,” said Galileo CEO and chairperson Colin Bird.
The exploration and development mining company plans to start the definitive IP geophysics in the third quarter of this year.
Galileo has the right to earn a 51% beneficial interest in the Concordia copper project by spending R10-million over 14 months on exploration and development, through a cooperation and joint venture agreement with Shirley Hayes, which holds the prospecting rights to the Concordia copper property.