Galileo Resources extends US holdings for another year

Galileo Resources has renewed most of its wholly owned Nevada claims for another year.

The AIM listed mining company announced on Monday in a trading update that all but the Sand Springs claim have been renewed.

It said it dropped the claim because it is close to a town and recreational area.

The company also highlighted the Gabbs claims in southern Nevada, which it said has up to four million ounces of gold equivalent.

Chairman Colin Bird is confident in prospects for the company’s remaining claims.

“I am convinced that our portfolio is well above average with immediate exploration target abundant.

“The Gabbs property, with its large defined resource, underpins our whole Nevada position and we have significant trade interest in most of our Nevada positions."