Galileo takes over Botswana copper firm Crocus-Serv
21st May 2020 15:37
(Sharecast News) - Galileo Resources has completed the acquisition of Botswana-incorporated Crocus-Serv, it announced on Thursday, having satisfied the conditions under the heads of agreement.
Read moreGalileo Resources raises ?0.5m to advance projects in Zambia
18th Oct 2019 11:58
(Sharecast News) - Galileo Resources has completed a placing of 125 million placing units with institutional and retail investors, it announced on Friday, comprising 125 million ordinary shares at a price of 0.4p, to raise £0.5m before expenses.
Read moreGalileo Resources narrows losses as it cuts operating costs
23rd Aug 2019 10:07
(Sharecast News) - Galileo Resources said on Friday that its annual losses narrowed as it focuses on the development of its Star Zinc project in Zambia.
Read moreGalileo Resources to apply for mining permit for Zambia zinc project
21st Aug 2019 12:05
(Sharecast News) - Galileo Resources is set to apply for a mining permit for its Star Zinc Project near Lusaka, Zambia, after completing an initial inferred resource estimate on Wednesday that supported its initial estimates.
Read moreGalileo Resources exercises right to acquire rest of Enviro Zambia
24th Jun 2019 15:50
(Sharecast News) - Galileo Resources announced on Monday that, under the binding heads of terms it announced on 13 September last year, it has exercised its right at its sole election and risk to proceed to the completion of the proposed transaction, acquiring the Kabwe residual rights - including the Kashitu Zinc willemite exploration prospect - and the remaining 15% of the shares that it did not already hold in Enviro Zambia.
Read moreGalileo confirms start of second drilling programme at Star Zinc
14th Aug 2018 13:34
(Sharecast News) - Galileo Resources announced the commencement of a second diamond-drilling programme on its "highly prospective" 85%-owned Star Zinc Project in Zambia on Tuesday.
Read moreGalileo begins drilling programme at Concordia.
15th Feb 2017 16:08
(ShareCast News) - Galileo Resources announced the commencement of a drilling programme for its Concordia Copper project in the Northern Cape Province of South Africa on Wednesday. The AIM-traded company said drilling was expected to commence this week, and would comprise up to six reverse circulati
Read moreGalileo Resources makes solid development progress, widens loss
20th Dec 2016 15:04
(ShareCast News) - Natural resource exploration and development company Galileo Resources posted its unaudited interim results for the six months to 30 September on Tuesday. The AIM-traded firm said during the period, independent modelling continued on a number of prospects on the Concordia Copper P
Read moreGalileo Resources reports 'significant' gold values at Nevada mine
25th Oct 2016 10:11
(ShareCast News) - AIM-listed miner Galileo Resources reported that initial rock-chip sampling at its Nevada mine in the US returned "significant" gold values while drilling has started at its gold-silver project. Rock-chip sampling from 23 samples found up to 10.8 grams per tonne at the Ferber gold
Read moreMore positive results from Galileo's Concordia concession
13th Apr 2016 15:41
(ShareCast News) - 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 pr
Read moreGalileo Resources reports good news at Concordia
29th Mar 2016 14:12
(ShareCast News) - There was good news from Galileo Resources on Tuesday, with the firm reporting positive initial results from independent modelling on its Concordia concession in the Northern Cape of South Africa. The AIM-traded mining exploration and development company said the results followed
Read moreGalileo Resources extends US holdings for another year
19th Oct 2015 09:30
(ShareCast News) - Galileo Resources has renewed most of its wholly owned Nevada claims for another year. The AIM listed mining company announced on Monday in a trading update that all but the Sand Springs claim have been renewed. It said it dropped the claim because it is close to a town and recre
Read moreGalileo Resources sells 4m shares in Praetorian
2nd May 2014 16:26
Galileo Resources on Friday announced that it has disposed of its 4m shares in Praetorian Resources, selling each one for 8p each. The group acquired the shares in July 2012 in exchange for the issue of 5m Galileo shares at 40p each. At the same time, Praetorian subscribed £1m in cash for 2.5m Gal
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