General Update

RNS Number : 2179Y

Galileo Resources PLC

01 March 2017

 

For immediate release

1 March 2017

Galileo Resources Plc

("Galileo" or "the Company")

General Update    

In light of the recent rise in the Company's share price, the Board would like to take this opportunity to remind Shareholders of the Company's current activities:

·     The Company's principal focus remains on its Concordia copper project in South Africa; as announced on 15 February 2017, an exploratory drilling programme is underway to test the reliability of certain geophysics anomalism in identifying mineralisation targets;

·     The Company has farmed out an interest in the Silverton gold prospect in Nevada, USA to Orogen Gold Plc (as announced on 27 June 2016); as announced on 9 January 2017, Orogen are assessing the recent exploratory drilling results prior to consideration of further work; and

·     The Company continues to investigate potential avenues for disposal or development in relation to its JV in the Glenover phosphate project.

There are no new material developments.

ENDS

For further information, please contact:

Galileo Resources PLC Colin Bird, Chairman	Tel [phone]
Andrew Sarosi, Executive Director	Tel [phone]
Beaumont Cornish Limited  - Nomad   Roland Cornish/James Biddle	Tel [phone]
Beaufort Securities Limited - Broker Jon Belliss	Tel [phone]

 

END

 

 

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