Drilling to commence on Star Zinc project

Galileo Resources provides an update on the operations on the Star Zinc project in Zambia.

GalileoGalileo is expected to start diamond drilling early in December 2017. The drilling programme will provisionally be up to 1 750m on the Star Zinc project which, will be a mixture of resources confirmation and resource enlargement.

The company has engaged Zambian-based GeoQuest to manage the drilling programme and provide geological support. Galileo has appointed CSA Global UK to collaborate with Geoquest and prepare a Mineral Resource Estimate in accordance with the JORC Code (2012) standard.

The programme is in line with the company's stated objective to fast track Star Zinc's exploration programme. “This imminent drilling programme is designed to confirm a regulatory JORC code resource and to test the potential of other nearby areas considered to be prospective,” says Colin Bird, Galileo Resources CEO.

Galileo acquired a 51% interest in the Star Zinc project, a high-grade zinc open pit mine operated intermittently in the 1950s to 1990s. The zinc mineral is predominantly willemite (zinc silicate) hosted in mainly limestone and dolostone (dolomitic rock).

An independently verified non-JORC compliant hard rock resource has been estimated at         275 166t at 20.2% zinc with, a cut-off grade of 14% zinc based on a historical approximate of   59 diamond drill holes for total 2 578m. At cutoff grade of 12% zinc non-JORC resource tonnage increases (18%) to 325 941t at 19.1% zinc (11% increase in zinc metal).

“On completion of this drilling programme, we intend to commence a preliminary economic assessment. We have completed the grid soil sampling programme and will be reporting on this shortly,” Bird says.

In addition, karstic fill deposits and red soil are locally heavily mineralised with detrital willemite and supergene zinc minerals, which may provide further potential increase to the known resource. Mineralisation is interpreted to form two shallowly dipping lenses east and west of the open pit, mineralisation of which is around 40m deep, based on the independent model used for the resource calculation.

“The mid to long-term price forecast prospects for zinc are strong and this exceptionally high-grade property shows all the potential to be a future contributor to global zinc production,” concludes Bird.


 

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