Galileo Resources - KCB – Re-logging & Testing Confirms Copper

Galileo Resources

13/08/2025 07:00

RNS Number : 0625V

Galileo Resources PLC

13 August 2025

 

13 August 2025

 

Galileo Resources Plc

("Galileo" or the "Company")

 

Kalahari Copperbelt - Re-logging & Testing Confirms Copper in Drillholes

 

Given various companies have developed new models and concepts in the general Kalahari Copperbelt ("KCB"), the Company made the decision to review again past exploration work undertaken over certain of its prospecting licences in the KCB. Re-logging and geochemical testing by the Company of earlier drill core and reverse circulation ("RC") drill chips from its' three priority 100% owned prospecting licences in the KCB has confirmed the presence of copper mineralisation and anomalism in several holes, not previously identified, coincident with soil anomalies in the vicinity of the main stratigraphic target horizon.

 

 

Highlights

 

·    Re-logging of drill core from the 2022 Galileo exploration programme on PL039 and PL040 provisionally identified traces of chalcopyrite, bornite and chalcocite copper mineralisation in veins from the vicinity of the D'Kar/Ngwako Pan Formation contact, host to much of the economic mineralisation in the Belt.

 

·    Indicative geochemical analysis by hand-held pXRF instrument confirmed visual mineral observations in six holes, with spot values generally in the range of 0.1 to 0.7% Cu, up to a maximum of 0.96% Cu. 

 

·    The mineralisation identified is further supported by soil anomalies and is partially coincident with IP geophysical targets, both of which were reported previously.

 

·    As much of the drilling is widely spaced with potential for significant mineral deposits in the intervening ground the results will be integrated to identify follow-up targets for infill/extension drilling.

 

·    On PL253 pXRF analysis on rock chips from the earlier RC drilling programme has highlighted a zone of consistent downhole copper enhancement in hole QTRC006 over a 55m interval to the bottom of the hole at 211m depth.

 

·    This zone lies proximal to the known D'Kar/Ngwako Pan contact in the vicinity of a soil anomaly and an interpreted thrust fault along strike from the Tlou prospect currently being drilled by BHP/Cobre on the adjoining property.

 

·    A new RC drill programme is being planned for PL253 to further test this recently identified target.

 

 

 

Colin Bird Chairman & CEO said: "We are very pleased with the outcome of the re-evaluation of our previous holes on the KCB. Since the original drilling was carried out various companies have developed new models and concepts in the general KCB belt. In addition to the initial aeromagnetic surveying and drilling, Galileo has more recently carried out soil sampling and ground geophysics and followed up by undertaking the current review of the earlier drilling results. We have developed enough confidence in our modelling to undertake further drilling in the near term to test the copper potential of our ground, commencing on PL253, where our ground is well positioned relative to recent competitor discovery and intensive exploration."

 

 

Technical Sign-Off

Technical information in this announcement has been reviewed by Edward (Ed) Slowey, BSc, PGeo, Technical Director of Galileo. Mr Slowey is a geologist with more than 40 years' relevant experience in mineral exploration and mining, a founder member of the Institute of Geologists of Ireland and is a Qualified Person under the AIM rules. Mr Slowey has reviewed and approved this announcement.

 

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact: Galileo Resources PLC

 

Colin Bird, Chairman
Tel +44 (0) 20 7581 4477
Beaumont Cornish Limited - Nomad
Roland Cornish/James Biddle
Tel +44 (0) 20 7628 3396
Novum Securities Limited - Joint Broker
Colin Rowbury /Jon Belliss
+44 (0) 20 7399 9400
Shard Capital Partners LLP - Joint Broker
Damon Heath
Tel +44 (0) 20 7186 9952

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

Forward Looking Statements:

Certain statements in this announcement are or may be deemed to be forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. Nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.

 

 

Technical Glossary

 

"bornite"
A high-grade copper-iron sulphide mineral, Cu5FeS4, often found in copper ores.
"chalcocite"
A high-grade copper sulphide mineral, Cu2S, found in zones of secondary enrichment of copper ores.
"chalcopyrite"
A copper-iron sulphide mineral, CuFeS2, often found in copper ores.
"Cu"
Copper
"pXRF"
A field-portable version of traditional X-ray fluorescence (XRF) spectroscopy, allowing for rapid, on-site analysis of various materials.

 

                       

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