Share Talk interviews Colin Bird, Executive Chairman Galileo Resources (GLR.L)
September 15, 2020
Share Purchase Agreement re Acquisition of 100% of Africibum Co Pty Ltd's interest in its North East Kalahari Copper Belt project, Botswana.
Colin Bird, Executive Chairman and CEO of Galileo, commented:
"I am very pleased that we have been able to conditionally acquire these licences, which are in an area of high prospectivity in the Kalahari Copper Belt. They are part of the Boseto Copper Project surrounds being 15km from the processing area.
The target areas have already been reconnaissance drilled and copper intercepts have been received. The area known prospectivity is some 14km in length and other areas require geophysics and geochemical work before prospectivity establishment.
The proposed Acquisition of this target completes the Company's Kalahari Copper Belt portfolio and we look forward to exploration in our expanded footprint in the Kalahari Copper Belt which is part of the Northwest Botswana Rift which the USGS in 2015 reported as the world's most prospective area for yet-to-be discovered sediment hosted copper deposits"