Galileo Resources PLC - London-based mining company focused in the US and Africa - Commences exploration activities at lithium and gold projects in Zimbabwe, with a recon mapping and sampling site visit at Kamativi lithium project set to start immediately.
Meanwhile, permitting work has begun to prepare for more advanced exploration in the coming weeks and months which will advance towards facilitating early drill testing.
Also, Galileo has signed a contract with Xcalibur Airborne Geophysics to carry out a fixed-wing airborne magnetic and radiometric survey over the prospective parts of Bulawayo gold project.
"We are very pleased to have already commenced work over the lithium and gold projects in Zimbabwe. The Kamativi Lithium project is adjacent to the Kamativi tin mine which hosts a substantial lithium tailings Resource, mainly in the form of spodumene which is the most sought-after lithium mineral. Primary lithium grades at the Kamativi mine could well be higher than reported in tailings," says Chair and CEO Colin Bird.
Current stock price: 1.12 pence
12-month change: down 31%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Galileo Resourc (GLR)