Base Metals

Galileo Resources has announced results of an independent conceptual grade and tonnage estimate based on modelling the results from the company’s recently completed 26-diamond drill hole programme on the Zambian Star Zinc project.

Galileo Resources (LSE:GLR) has announced results of an independent conceptual grade and tonnage estimate based on modelling the results from the company’s recently completed 26-diamond drill hole programme on the Zambian Star Zinc project.

As highlighted in the press release:

  • The conceptual grade tonnage (CGT) estimate models a potential exploration target of 485 000 tonnes deposit at 15.4 percent zinc grade
  • At a nominal 3 percent zinc cut-off the CGT model from the current drilling represents an 80 percent increase in tonnes with a 14 percent decrease in grade when compared to previous CGT modelling exercise in 2015 based on historical exploration data
  • This conceptual analysis suggests a core of high grade massive willemite material in both the east and west limbs of the deposit
  • This modelling indicates a domal mineralized structure, with the east and west limbs dipping shallowly away from the centre of the structure, focused below an old historic pit
  • The wireframe-modelled limbs did not meet under the old pit; suggesting the need for further exploration in this area to determine continuity or interaction, if any, of the two limbs
  • Results from the CGT highlight further exploration potential to extend mineralization to the east-north-east and south east, which remain open ended
  • The area below the open pit and geophysics/geochemistry over the surrounding area and other areas outside the mineralized domain remain to be explored

Click here to view the full Galileo Resources (LSE:GLR) press release.

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