Galileo Resources intersects high-grade zinc deposits in Zambia
Source - SMW
Galileo Resources said drilling at the Star zinc project in Zambia had encountered high levels of mineralisation.
More than 19 holes had been completed to depths of up to 70m, with 13 holes intersecting high-grade zinc mineralisation over a strike length, to date, of around 100m.
Based on preliminary hand-held XRF spectrometry, the high-grade intersections ranged from an average of 15% Zinc to 28% Zinc over 7m to 15m down hole.
'This drilling programme has to date produced encouragingly high grade zinc intersections, that is leading us to revise our understanding of the geology of the deposit from that historically described by Charter Consolidated and others,' chief executive Colin Bird said.
'We will continue drilling and embark on data modelling, in order to create a signature for and delineate the distribution of the various grades of mineralisation.'
At 1:48pm: (LON:GLR) Galileo Resources share price was +0.08p at 1.6p