Galileo Resources delineated a 1.5km long gold anomaly following a wide-spaced soil sampling along the northern part of the Bembeshi Trend at its Bulawayo Gold Project in Zimbabwe.
It said given the success in delineating soil targets based on initial wide-spaced sampling, the company has completed more detailed soil sampling along the Bembeshi Trend and these samples have already been submitted for analysis.
"A combination of the significant level of small-scale mining activity in the area, combined with the results of our own geophysics and geochemistry has added to our confidence and we look to forward drill testing the targets we have generated as soon as all results are to hand," said company chief executive Colin Bird.
The Bulawayo Gold Project comprises two exploration licences covering a combined area of 1,300 sq km.
In addition to its current 29% interest in the project, Galileo has an option to earn an additional 51% interest by spending $ 1.5 million on exploration and evaluation of the project by 21 July 2024.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
It said given the success in delineating soil targets based on initial wide-spaced sampling, the company has completed more detailed soil sampling along the Bembeshi Trend and these samples have already been submitted for analysis.
"A combination of the significant level of small-scale mining activity in the area, combined with the results of our own geophysics and geochemistry has added to our confidence and we look to forward drill testing the targets we have generated as soon as all results are to hand," said company chief executive Colin Bird.
The Bulawayo Gold Project comprises two exploration licences covering a combined area of 1,300 sq km.
In addition to its current 29% interest in the project, Galileo has an option to earn an additional 51% interest by spending $ 1.5 million on exploration and evaluation of the project by 21 July 2024.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
