VANCOUVER, British Columbia, Oct. 19, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSX-V:GXL) (the "Company") is pleased to announce the commencement of drilling on its Majuba Hill property scheduled for the week of October 23, 2017.
Marcus and Marcus, a division of IDEA Drilling LLC, of Coeur d’Alene, Idaho, has been contracted to conduct the company’s drill program.
The recently completed 3-line 9,000 metre Induced Polarization (IP) survey on the Majuba Hill Copper/Silver/Gold porphyry project located in Pershing County, North Central Nevada, USA, targeted the southern extension of strong copper-silver mineralization intersected in drill hole MMX-24. No drilling has been conducted previously in this area.
The survey was successful in outlining an IP chargeability anomaly above 8-10 msec, over a width of 400 to 800 metres, and along a strike length in excess of 1,200 metres interpreted to be open to the south and east. The depth to the potential sulphide target varies from surface on the north to 150-200 metres on the south.
Mineralization intersected in drill hole MMX-24 is associated with disseminated chalcocite-chalcopyrite-arsenopyrite-pyrite sulphides in a quartz-sericite altered porphyritic intrusive with disseminated tourmaline and quartz — tourmaline — sulphide stockworks.
All drill platform, permitting, and bonding for reclamation is in place with the appropriate government authorities.
Gary Nordin, B.Sc. (Geol Hons) is the Qualified Person of Galileo Exploration Ltd. and has reviewed and approved the exploration data contained in this news release. Gary is a member of the Company's Technical Advisory team.
Galileo Exploration Ltd. recently announced the TSX Venture Exchange accepted for filing a mining lease and option to purchase agreement for the Majuba Hill Copper project. The Majuba Hill Copper is located approximately 12 miles northwest of Rye Patch Gold's Florida Canyon Mine in Pershing County, Nevada.
The original Majuba Hill Mine produced 2.8 million lbs of oxide copper grading from four to twelve percent (4 to 12%) copper during the period 1907 through 1947 from the top of the porphyry system.
