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Galileo to start Concordia drill programme

17th January 2017

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

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JOHANNESBURG (miningweekly.com) – Aim-listed Galileo Resources plans to start a drilling programme at its Concordia copper project, in the Northern Cape, during the first quarter of 2017.

This follows the exploration and development mining company’s consolidation of the final geophysics data reports by consultants GeoSpec Instruments and Minxcon Consulting, which were generated during a field and induced polarisation (IP) geophysics exploration programme undertaken late last year.

The geophysics data was “very pleasing” and showed the potential for near-surface bodies and an increase in chargeability at deeper levels in both the Homeep and Shirley geological trends, suggesting the company could target a mix of the two, said Galileo CEO Colin Bird.

“Of particular note is that the initial modelling of historical data pointed to potential new targets, the results for which have exceed our expectations. The high incidence of geophysical anomalies are of significant size with strong suggestions of the presence of sulphides,” he added.

The initial drill programme will be designed to establish a correlation of the geophysics with sulphides and attach potential copper grades to chargeability levels.

A strategic joint review of Minxcon's independent assessment of exploration potential on 34 possible prospects on the Concordia project was followed by GeoSpec’s three-phase IP survey, along with a mandate to Minxcon to manage the database integration of this IP programme.

The first phase covered the Homeep trend, the second phase the Homeep/Shirley trend and the third phase the Shirley trend and the Henderson/Klondike prospects.

“IP anomalism was detected on all the grids surveyed over the Homeep and Shirley trends. Good correlation of chargeability with known sulphide intersections and/or historical drilling targets, as well as the presence of significant untested chargeability anomalies, indicate a region that is very prospective for potential copper mineralisation,” said GeoSpec.

Minxcon commented that 13 possible high chargeability drilling targets were identified on the Homeep trend and another two on the Shirley trend.

“Many of these targets appear in close proximity to historical mining and exploration activity; however, at least three of these targets were not historically identified or tested. At this point, drilling targets will have to be prioritised and test drilling conducted,” the company concluded.

Edited by Creamer Media Reporter

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