EARNINGS AND TRADING: Trident Royalties swings to profit
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read moreGalileo Resources PLC - Mining company focused on Zambia, Zimbabwe, Botswana, South Africa - Says phase one drill results for its 80% owned Kamativi lithium-tin project in Zimbabwe show "extensive" lithium enhancement. Results peak at 1.0% of lithium oxide over four metres. Adds that geological mapping and prospecting have identified mineralisation/alteration in pegmatites over at least 1.5 kilometre strike length, which has only been partially drill tested to date. Chief Executive Officer Colin Bird says: "An unusual feature of this discovery is the spread of highly anomalous lithium through the mica schist host rock, as opposed to being solely contained within the pegmatite. We have no doubt that discordant pegmatites are the drivers to lithium content and our mapping programmes have located more discordant pegmatites than previously recognised. On the basis that the nearby Kamativi mine was a long-producing tin operation it comes as no surprise that we also see anomalous tin associated with these discordant pegmatites, in some cases coincident with lithium."
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Sharecast News) - Galileo Resources unveiled two additional copper targets within the Kalahari Copper Belt on Thursday, following the recent discovery of three targets on PL253/2028.
Read more(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - Galileo Resources PLC on Thursday said it reduced its first-half loss as expenses and value adjustment losses narrowed during the period.
Read more(Sharecast News) - Galileo Resources updated the market on its second-phase diamond drilling programme at the Shinganda copper-gold project in Zambia on Tuesday.
Read moreGalileo Resources PLC - Mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Says phase two drilling programme at Shinganda copper-gold project in Zambia is progressing as planned with seven holes completed to date. Says most recent hole SHDD017 has intercepted an "extensive interval of alteration and brecciation with associated copper mineralisation within the Shinganda fault splay system." Confirms mineralisation and says sampling for follow-up laboratory assaying is in progress. Chief Executive Officer Colin Bird says: "Hole SHDD017 is a particularly impressive hole with an intercept length of more than 250 [metres] which was heavily brecciated and accompanied by copper mineralisation throughout its length, with values to be determined by assay. The nature of the host environment is not typical for traditional copper belt mineralisation, which leads us to believe that this could be a totally different style of mineralisation."
Read moreGalileo Resources PLC - mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Says the phase 1 drilling programme at Kamativi for lithium and associated elements over a pegmatite-rich area of about 1 kilometre by 0.5 kilometres has been completed, for 1,428.4 metres in 10 holes. Notes mineralisation and alteration similar to that reported in the first hole, KSDD001 has been observed in several of the subsequent holes. Adds core logging and sampling is underway, preparing samples for export to the ALS laboratory in Johannesburg for lithium and associated element analysis. Undertakes infill soil sampling over a strong rare earth elements soil anomaly in the north-eastern sector of the licence and testing for copper in the southern part of the licence for VMS-type mineralisation.
Read more(Alliance News) - Galileo Resources PLC on Wednesday said it completed a soil sampling programme for low detection TerraLeach mobile metal-ion geochemistry at the Kalahari copper belt in Botswana.
Read more(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read moreGalileo Resources PLC - mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Announces the company has entered into a joint venture agreement with Cooperlemon Consultancy Ltd in relation to the exploration for copper at large scale exploration license 28001-HQ-LEL in northwest Zambia. Colin Bird, executive chair said: "This acquisition is consistent with our policy of acquiring opportunity projects where potential outweighs entry in reliable jurisdictions."
Read moreGalileo Resources PLC - mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Updates on the Kamativi licence in Zimbabwe. Says, to date, six holes have been drilled at the licence for over 700 metres of diamond drilling. Notes the holes have intersected around 111 metres downhole width of pegmatites with an "appropriately low" potassium/rubidium ratio with the potential to host lithium mineralisation. Follow-up work is also planned in the north-east of the licence area to test in more detail the rare earth element content of pegmatites. Says drilling has intersected "significantly" more pegmatite than was originally anticipated, and adds this has brought some areas of the licence thought to be less prospective "back into the spotlight".
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