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    market news

    Galileo Shares Up On Rare Earth Resource Estimate

    Investing News Network
    May. 25, 2012 01:36PM PST
    Rare Earth Investing

    Mining Weekly reported that shares of Galileo Resources (LSE:GLR) soared on its announcement of the resource estimate at Glenover.

    Mining Weekly reported that shares of Galileo Resources (LSE:GLR) soared on its announcement of the resource estimate atĀ Glenover.

    As quoted in the market news:

    Late last month, the company announced an indicated and inferred independent gross resource estimate of 28.93-million tons at 1.24% total rare-earth oxides at Glenover which, between 1957 and 1984, was mined for phosphate by mining major Gold Fields.

    Click here to read the full Mining Weekly report.

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