Galileo Resources Share Discussion Threads

[goingforarun] 26/10/2020 06:44

The Count, I wouldn’t hold your breath on this? CB’s grasp on timelines is legendary. If something happens by Christmas we’ll be lucky!

[the count of monte_cristo] 25/10/2020 12:59

Goingforarun, just me and you on the bb at the moment. GLR due news this coming week in regards to it's AEM survey in Botswana, searching for elephant copper deposits hidden below the Kalahari overburden. If the AEM brings up some targets they will immediately move on drilling them. An interesting week ahead, I speculate that we could see GLR top of the leaders board. "On 17 September 2020 the Company announced that it has commenced a helicopter - borne electromagnetic survey (EM) over two of its highly prospective tenures within its 100% held Kalahari Copper Belt (KCB) project in western Botswana and expects to announce preliminary results by 31(st) October".

[goingforarun] 22/10/2020 21:38

Happy for them to find it. Just want the cash from the zinc to dig it out without a massive placing!

[the count of monte_cristo] 22/10/2020 14:47

I prefer finding an elephant copper deposit hidden underneath the sands of the Kalahari.

[goingforarun] 21/10/2020 20:32

Count, they should get the Zinc circuit up and running to bring in the cash. They can then Copper to their hearts content!

[the count of monte_cristo] 21/10/2020 15:24

An excellent strategy to pivot towards exploring for copper and focus on this metal.

[the count of monte_cristo] 21/10/2020 14:57

Copper price is moving up strongly.

[the count of monte_cristo] 20/10/2020 13:55

Look at the area they are looking for copper, it is an excellent place to find new, and potentially very large copper finds. Who knows, they could find multiple such finds. News due end of the month from the helicopter AEM survey.

[the bull] 19/10/2020 21:06

Exciting times the count. Mind you, if negative news from the survey, this will tank I am sure we all would agree. If good, surely it would double within a few days, then a quick fire of Colins cannon for some more cash before doubling again. Then we get into the new year and hopefully JLP have pulled their finger out with the zinc circuit and off we double/treble again in between Colins cannon. So if all goes well, what are we looking at in 12 months? If well = 7p If no copper but zinc/silver etc = 3p

[the count of monte_cristo] 19/10/2020 15:18

Yes, and remember we have these guys on the team looking for the next elephant in Botswana, it it ALL ABOUT THE COPPER EXPLORATION for me. hxxps://galileoresources.com/investors/rns/appointment-of-senior-management-team/ Galileo Resources plc (“Galileo “or the “Company”;) is pleased to announce the appointment of highly experienced and successful Kalahari Copper Belt exploration geologists Dr Quinton Hills and Fred Nhiwatiwa. Dr Hills has been appointed to an advisory and supervisory role across all of the Company’s exploration projects, while Mr Nhiwatiwa has been appointed to manage exploration activities within Botswana. Dr Hills was part of the team responsible for the discovery of the Plutus Copper Deposit and defined the first ~100Mt of mineral resources at the Boseto Copper Project in north-western Botswana, during his tenure with Discovery Metals Limited. Mr Nhiwatiwa has been involved in two projects in Botswana that have proceeded from exploration all the way through to mine development, the Mupane Gold Mine and the Boseto Copper Mine.

[the count of monte_cristo] 19/10/2020 15:16

If they find any indications during the survey this is going to get really interesting, potentially massive copper finds out there underneath the overburden which the new AEM tech will be looking to find and reveal. hxxps://galileoresources.com/investors/rns/em-survey-commences-on-kalahari-copper-belt-tenure/ Galileo has commenced the planned Helicopter-borne High Resolution Electromagnetic (EM) and Magnetic Survey over sections of PL40/2018 and PL39/2018 within its’ highly prospective Kalahari Copper Belt Project The survey is being completed using NRG’s Xcite™ Airborne Electromagnetic (AEM) system The Objective of the EM survey is to define the most prospective structural setting mineralisation within PL40/2018 and PL39/2018, as well as possibly directly detect any conductive mineralisation present. The juxtaposition of an isolated conductive anomaly and a dome feature in the EM data would represent a high priority target for drill testing. hxxps://galileoresources.com/investors/rns/commencement-of-exploration-kalahari-copper-belt/ Geological Setting and Comparison to Other Projects The interpreted geological setting beneath the Kalahari overburden for the area covered by PL40/2018 and PL39/2018 has been interpreted from the regional aeromagnetic and EM data. This area has strong similarities to the synclinal geological setting that hosts Cupric Canyon Capital’s (“Cupric”;) Zone 5 and Zone 5N deposits, situated only 25 kilometres due west. The Zone 5 and Zone 5N deposits are part of the world-class Khoemacau Copper-Silver Project with a combined sulphide resource of 502Mt @ 1.4% Cu and 17g/t Ag, including 185Mt @ 2.0% Cu and 27g/t Ag – refer to Cupric’s website www.khoemacau.com for details. The Galileo licences also lie 140km along strike from Sandfire Resources’ (ASX:SFR) Tshukudu Exploration Project that comprises the T3 Copper-Silver Project (60Mt @ 0.98% Cu & 13.6g/t Ag), where a feasibility study is currently in progress, and the recently discovered high-grade copper A4 Dome Prospect.

[cmackay] 19/10/2020 15:14

I agree, Count. KCB looking like a substantial cherry on the cake of an otherwise well-diversified and bountiful portfolio. I started buying these long before KCB was ever mentioned but all the more glad to hold now that it's on board.

[the count of monte_cristo] 19/10/2020 14:57

Potentially very exciting news due, if they can reveal new copper prospects buried underneath the sands, they have the right team and tech to do it. Just look at what SOLG have done.

[the count of monte_cristo] 19/10/2020 14:32

I think they might find some very large copper resources, hidden beneath the sands of the Kalahari.

[cmackay] 19/10/2020 13:54

Yes I think it's inevitable to see some top slicing or selling out at milestone figures, it's simply a different trading strategy. If you look at the mcap vs potential revenue of assets though it's still a strong prospect for buying imho.

[the bull] 19/10/2020 11:01

Looks like the little 10% traders are taking their little gains, meanwhile GLR is lighting up my pension

[the bull] 19/10/2020 10:39

Pleasing moves with GLR. More execs on the board means we are about to become something bigger.

[the skipper] 19/10/2020 09:50

It’s all about the art of delegation amunro and appointing the right people and advisors. CB might have his faults but you have to admire his drive and ambition for a man of his age. He’s made enormous achievements with JLP and the market now seems to be giving greater credence to his other ventures on the back of that success.

[amunro] 18/10/2020 20:17

Mr Bird seems have his thumb in lots of pies: hxxps://companycheck.co.uk/director/900435824/MR-COLIN-BIRD/summary This somewhat surprises me; how can he keep up with all the projects and raising all the RNSs?

[cmackay] 16/10/2020 07:49

Wasted opportunity? They have taken rights to a copper play in the best copper region in the world. But you're upset they have to pay? I don't comprehend your point.

[tidy 2] 16/10/2020 07:46

More cash needed then. Another wasted opportunity cursed by Colin

[goingforarun] 02/10/2020 09:39

Lol moment, or not, as it just foreshadows more placings! Would have been better if he said to get rid of non core assets for value!

[1madmarky] 02/10/2020 06:50

Love this line from the rns "Performance Metrics: As the Company is a pre-production exploration mining company its key performance metric is its ability to raise funds to support the Company's projects, take advantage of new opportunities and cover general overheads"

[the bull] 22/9/2020 12:50

A good opportunity if you can time it right to add. I am waiting in case of further falls but dont want to miss any good news