Galileo notes positive exploration progress in Mufulira project

GALILEO Resources has announced positive exploration progress at its Luansobe copper project, in Zambia.

The project is situated on the Zambian Copperbelt, where Galileo holds a 75% interest in a small-scale exploration licence.

Galileo CEO and chairperson Colin Bird said so far, portable X-ray fluorescence (pXRF) spectroscopy testing of the historic drill core, which was subject to full assay checking, had provisionally identified an upper mineralised zone of moderate copper grade, with some higher-grade intervals, in several holes, extending up to 36 m in thickness.

“We are receiving very satisfactory results from our work on historic drill core at the Kalulushi core shed, with positive results to date.

“Most encouraging is that there exists a shale unit which appears to be copper-bearing and, in places, of significant thickness,” he said.

Mr Bird said the preliminary pXRF analysis suggested significant individual copper grade values, subject to full laboratory assay testing.

He said the company the newly discovered mineralisation had the potential to add incremental value to an open pit mining operation.

He added that the firm had gained access to historic drill core from the Luansobe project area dating from the 1950s and 1960s, which was in remarkably good condition.

Mr Bird said the fact that the firm could access this old core was extremely cost and time effective, reducing the amount of new drilling that would be required.

The Luansobe area is situated about 15 km to the northwest of the Mufulira copper mine on the Copperbelt.

Luansobe forms part of the north-western limb of the northwest-southeast trending Mufulira syncline and is essentially a strike continuation of Mufulira, with copper mineralisation hosted in the same stratigraphic horizons.