12:17 Mon 26 Jun 2017
Galileo Resources - Concordia Project Update
For immediate release
("Galileo" or "the Company")
Concordia Copper Project Update
Galileo (AIM:GLR) is pleased to provide a further update now that it has completed its initial drilling programme on its
Highlights
· Approximately 60% of assay results received from recently completed drilling programme
· Results undergoing Quality Assurance - Quality Control (QA-QC) checks
· Assaying of remaining samples on hold pending the outcome of QA-QC checks
· Ongoing review of historical data identifies different grid coordinate systems have been used for historical and current drilling databases.
· Geological consultants transforming all drill coordinate data to a common (current) coordinate system
· Review of historical airborne magnetic geophysics data in conjunction Company's current IP geophysics indicates magnetic geophysics as potential complementary tool to IP geophysics
· Ground magnetometer survey undertaken over drilled Shirley Trend to complement and or reconcile with its IP geophysics data
· Decision on election to continue development and issue of 30 million shares to
Further details are available from the Company's website which details the Company's project portfolio as well as a copy of this announcement: www.galileoresources.com
You can also follow Galileo on Twitter: @GalileoResource
Technical Sign-Off
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
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Tel +44 (0) 20 7581 4477 |
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Tel +44 (0) 1752 221937 |
Beaumont Cornish Limited - Nomad |
Tel +44 (0) 20 7628 3396 |
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Tel +44 (0) 20 7382 8416 |
Technical Glossary
"Induced polarity (IP) geophysics survey": - a geophysical imaging technique used to identify the electrical chargeability and resistivity of subsurface materials, such as sulphides in rocks
"mv/V":- millivolts per volt
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