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Galileo Resources presents drilling plans at Kalahari Copper Belt in western Botswana
Galileo Resources PLC s (LON:GLR) Colin Bird present his plans to commence drilling at its prospecting licences in the Kalahari Copper Belt in western Botswana.
Data processing is now complete, interpretation and drill target selection work on the Heliborne-EM geophysical survey has been carried out over two priority licences in its highly prospective KCB Project.
Bird also updates investors on The Star Zinc Project in Zambia which has been fully evaluated and is now ready to commence production as a small mining operation.
And finally he remarks on Jubilee Metals Group PLC which recently inked an agreement with Caerus Mineral Resources PLC for a six-month exclusive period for the assessment of copper and gold assets in Cyprus.
Galileo Resources unveils plans to begin drilling in Kalahari Copper Belt
The company said it has contracted an experienced Botswana drill operator for a minimum of 2,500 metres of diamond drilling in up to ten first priority holes which is due to start this week
Galileo Resources PLC (LON:GLR) has announced plans to commence drilling at its prospecting licences in the Kalahari Copper Belt in western Botswana.
The AIM-listed firm said it has completed data processing, interpretation and drill target selection work on the Heliborne-EM geophysical survey carried out over two priority licences in its highly prospective KCB Project, which has revealed a possible stratigraphic/fault repetition interpreted along a 22-kilometre conductive zone on PL40/2018 which ti said may indicate comparable geological settings to Khoemacau Copper Mining s major Zone 5 and Zone 5N deposits, situated 25km due west to Sandfire Resources large A4 and T3 deposits.
Bezant Resources unearths another significant copper mineralisation at Minemba We are particularly encouraged by the geological sequence which is the same as in the nearby rich copper pit at Kalengwa, said executive chairman Colin Bird
Bezant Resources PLC (LON:BZT) has unveiled another significant copper intercept in its second drill hole at the Minemba prospect within the Kalengwa area in Zambia.
The copper-gold exploration and development company has a 30% interest and acts as operator in the project.
The mineralisation was intersected over a 114-metre downhole width within altered and brecciated gabbro intrusive rocks in the second hole at Minemba.
Preliminary hand-held measurements, to be confirmed with geochemical assays, returned copper grades over six metres at 1.67% copper from 99 to 105 metres, including two metres at 2.9% copper, among others.
Bezant Resources rises as it signs deal for survey of Hope copper-gold project
The firm said the airborne electromagnetic and magnetic survey will begin before the end of the week along the prospective Hope-Matchless massive sulphide belt
Bezant Resources PLC (LON:BZT) share moved higher on Wednesday as the company said it has signed a contract with SkyTEM Surveys to undertake an airborne electromagnetic (EM) and magnetic survey over a large part of its Hope copper-gold project licence block in Namibia.
The AIM-listed firm said the survey is expected to commence before the end of the week along the 130-kilometre prospective Hope-Matchless massive sulphide belt to identify previously unrecognised copper-gold targets hidden beneath sand or overburden cover and at depth.
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