Galileo Resources PLC (AIM: GLR) has confirmed copper mineralisation at its wholly owned PL253 licence in Botswana’s Kalahari Copperbelt, following encouraging results from its initial drilling programme.
Laboratory assays from vertical drill hole QTRC014 identified copper enrichment between depths of 66 metres and 115 metres. The most notable intersection returned 5 metres grading 0.34% copper from 79 metres to 84 metres, including a higher-grade interval of 1 metre at 0.84% copper within D’Kar Formation siltstones.
Highlights
· Laboratory assays have been received which confirm the presence of copper mineralisation in vertical hole (QTRC014), part of a four-hole RC programme on PL253 designed as a first test of soil geochemistry and structural targets.
· Copper enhancement occurs between 66m and 115m depth, with peak interval of 5m @ 0.34% Cu from 79m to 84m, including 1m @ 0.84% Cu within D’Kar Formation siltstones.
· The confirmation of copper oxide mineralisation associated with the prospective D’Kar Formation host rocks represents a highly encouraging result from the first drilling on the target which is blanketed by sand cover.
· The Company is also pleased to report that the Botswana Department of Mines has granted renewal of PL253/2018 for a further two years to end 2027.
· This completes the Company’s four-hole RC programme on PL253 and the Galileo team will now model geological/geophysical/geochemical data for the prospect with a view to planning a follow-up drilling programme.
The company described the results as highly encouraging for an early-stage programme. In parallel, Galileo has secured a two-year renewal of the PL253 licence, extending its exploration rights through to the end of 2027.
Geological, geophysical and geochemical data collected to date will now be used to refine targets and design a follow-up drilling campaign.
Colin Bird Chairman & CEO said: “We are pleased to be awarded renewal of the strategically positioned prospecting licence PL253 in the Kalahari Copperbelt. The fact that we have encountered copper mineralisation over an extensive interval in our first reconnaissance drilling programme testing a soil target is very encouraging. The combination of position and prospectivity provides us with strong motivation to continue exploration on this licence.”
Figure 1 – Galileo Licence Location Map
http://www.rns-pdf.londonstockexchange.com/rns/5130P_1-2026-1-19.pdf
Figure 2 – PL253 Drillhole Location Plan
http://www.rns-pdf.londonstockexchange.com/rns/5130P_2-2026-1-19.pdf
