Zimbabwe-focused Galileo Resources has discovered several potential nickel targets from airborne geophysical surveys over two exploration licences it has in Zimbabwe.
The same survey also identified potential gold targets over the two licences, which together comprise the Bulawayo project.
The survey was undertaken by Xcalibur Airborne Geophysics, and also used historical soil geochemical data to identify the potential gold and nickel targets.
The contractor also confirms the presence of greenstone belts and banded iron formation beneath the cover of gold and nickel mineralisation, where no exploration has taken place.
Galileo plans on following up three nickel targets, as well as other areas that may be hosts for nickel mineralisation.
CEO Colin Bird says the nickel presence discoveries are an unexpected “bonus” for the company’s gold mission.
“The Shangani mine located closest to our 12.6-km-long Kenyane nickel target contains an estimated 12-million tonnes of ore grading 0.56% nickel and is an integral part of the Bindura Nickel Corporation’s portfolio.
“We, therefore, look forward to evaluating the principal targets, as well as other nickel anomalies now in the exploration inventory,” he adds.