Part 221 May 2020 08:18
Acquisition Prospectivity
In the Kalahari Copper Belt ('KCB'), the Agreement covers 19 prospecting licences ('PLs') extending over 14,564km2 located approximately 500km to the northwest of Gaborone, the capital of Botswana. The KCB extends for over 800km of strike and contains multiple recent copper-silver discoveries, which are generally stratabound and hosted in metasedimentary rocks. The geological setting is comparable to that of the Central African Copper Belt and the Kupferschiefer in Poland.
Among recent discoveries in the KCB are Cupric Canyon Capital's ('Cupric') Khoemacau-Boseto Project (91.7 million tonnes @ 2.13% Cu and 21.9g/t Ag) which is currently being prepared for development, Sandfire Resources ('Sandfire') T3 deposit (36.0 Mt @ 1.14% Cu & 12.8g/t Ag), where an optimised feasibility study is in progress and their A4 Dome prospect where a recent drill intercept of 18m at 5.2% Cu and 124g/t Ag was reported. Further discoveries have been made across the border in Namibia.
The deposits in the belt are generally blanketed by Kalahari sands, ranging from 2-60m in thicknesses which have kept them hidden from discovery until recent times.
PL's included in the Galileo package are interpreted to cover a strike length of more than 200km of favourable geology with multiple targets. Some of the PLs previously formed part of the MOD Resources (now Sandfire) and Cupric's landholding and therefore have had limited historical exploration. The remainder of the ground represents more-or-less blue-sky exploration territory within the belt.
Several of the PLs lie within 15km of Sandfire's T3 deposit and A4 Dome (Tshukudu) discovery, as well as Cupric's Banana Zone (155Mt @ 0.9% Cu, 11g/t Ag) and the Mahumo deposit (2.7Mt @ 2.0% Cu, 50g/t Ag).
Galileo plans to review the limited historic exploration information and to focus on the base of the prospective Proterozoic D'Kar Formation in fold hinge settings. Follow-up is envisaged to encompass acquisition of available airborne magnetic data, ground geophysical surveying, including detailed magnetics and EM, along with soil geochemistry, with initial targeting close to known copper-silver discoveries.
The Limpopo Mobile Belt ('LMB') project comprises 2 PLs covering 311km2 on land located about 400km northeast of Gaborone, near the border with Zimbabwe, viz. PL048/2018 (Sampowane) and PL049/2018.
The LMB is a wide zone of continental collision traversing parts of Botswana, Zimbabwe and South Africa. The Galileo licences are located along the northern margin of the LMB within Botswana. The underlying geology comprises a sheared package of metamorphic gneisses of Archaean age enclosing mafic-ultramafic intrusive rocks. These intrusives are prospective primarily for nickel and copper massive sulphides.
Along this section of the LMB, Botswana Metals Ltd. ('Botswana Metals') operated the major Selebi Phikwe Ni-Cu mine, with reported original resources of 150Mt @ 1% Ni, 0
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