Galileo JV partner completes Silverton drill programme

Galileo joint venture partner Orogen Gold has completed an initial RC drilling programme on the company's Silverton property in Nevada.

Orogen has the right to earn a majority interest in the property under the terms of an earn-in agreement with Galileo, the terms of which were first announced on 27 June.


- Inclined RC holes cut across extensive low-order gold mineralisation on the Silverton Fault Zone

- Mineralised intervals up to 71.63m grading 0.20g/t Au, with values to 1.33g/t Au

- 600m strike length of fault system tested at intermediate depths in mineralised tuff-quartzite package

Director Andrew Sarosi said: "The results from the initial test drilling showed gold mineralisation persists at depth along the Silverton Fault over a wide interval. The programme, which included drilling to test structurally controlled high-grade feeder zones in the property, did not identify any new lithology or conditions to support this prognosis.

" The new results will be assessed along with historic data in order to understand mineralisation patterns better and, if appropriate, generate targets to be drill tested in 2017."

At 8:00am: (LON:GLR) Galileo Resources share price was -0.23p at 1.45p