More positive results from Galileo's Concordia concession

Galileo Resources talked up its Concordia concession in South Africa’s Northern Cape on Wednesday, having received results from independent ore-body modelling on the area’s West Whyte’s prospect.

The results followed the initial modelling results on the Wheel Julia and Koeelkop prospects announced on 29 March.

Whyte’s West, situated on the south-eastern edge of the concession is one of five identified and drilled open pit prospects hosting potential bulk copper mineralised zones.

The prospect was remodelled independently by Minxcon Consulting, which based the models on geological core logging and assays of 26 drill holes.

Non-compliant results confirmed previous non-independent modelling, which identified what Galileo’s board described as “significant potential”.

Whyte’s West was modelled at 15.09 million tonnes, grading 0.54% copper at a 0.35% cut-off.

At a 0.2% cut-off, the area modelled 34.62 million tonnes grading 0.39% copper.

"Again this is a pleasing result that confirms the Concordia area hosts significant copper potential,” said Galileo chairman and CEO Colin Bird.

“The current work continues to demonstrate the propensity for the project to add to what is already known in the area. The project remains on fast track to model an initial mine concept and thereafter direct our work to confirming and expanding the model."

Galileo’s board confirmed modelling and optimisation was continuing on other prospects within the concession, and on identifying key trends and structures driving the mineralisation.