Galileo Resources gives details on Zimbabwe lithium plans

By Agencies

Galileo Resources PLC (AIM:GLR) has explained the work currently underway at its Kamativi licence in Zimbabwe and the rationale for its exploration.

Colin Bird, chief executive, said: “Following our exciting discovery we thought it prudent and informative to advise the market and shareholders of the underlying history and our strategy towards the Kamativi lithium and tin project.

“This initially reported lithium discovery has given us much encouragement and provided the impetus to increase the allocation of drilling metres to allow for definition drilling of the mineralisation.

“The Kamativi district is well-known for tin and latterly the ongoing development of a substantial lithium mining and processing operation at the former Kamativi tin mine”, he added.

In its statement, Galileo added that late-stage pegmatites mined on the neighbouring Kamativi mine are found in the Kamativi Formation hosted in a granitic terrane, mostly steeply dipping.

This same highly prospective pegmatite-bearing formation extends along strike to the southwest and northeast into Galileo’s exploration licence from the Kamativi mine licence.

To date, six holes have been drilled for over 700 metres of diamond drilling.

“Core recoveries are good, and drilling is producing high-quality core that can be logged, split and sampled,” the company said.