UK mining firm Galileo Resources has selected a Zambian contractor to commence drilling in the country’s Western Foreland.
The milestone marks Galileo Resources’ extended fieldwork and the start of phase 1 of a drilling campaign on License 28001-HQ-LEL.
“We are pleased to have reached this juncture and look forward to the initial results, which will certainly add to our database and hopefully confirm our expectations for geological architecture supporting our prognosis,” stated Colin Bird, Executive Chairman at Galileo Resources.
Galileo Resources is investing $750,000 to fund exploration on the license, which is situated along the copper-rich basins in Angola and the Democratic Republic of the Congo.
The investment serves as part of a $250,000 share acquisition deal with mining consultants Cooperlemon Consultancy Limited in September 2023.
Galileo Resources will provide an additional $1.5 million to fund phase 2 of the exploration program, pending results from the first phase. If viable mineral deposits are identified, the company will own a 75% stake on License 28001-HQ-LEL.
