Galileo Resources Plc announced two further new targets derived from a recent Terraleach soil geochemical survey on licences PL039/2018 and PL040/2018 located towards the south-eastern basin margin of the Kalahari Copper Belt. Previous scout drilling by Galileo revealed the correct prospective lithological sequence most typically associated with mineralisation in the region leading the external consultant to advise that the orientation and wide separation of these scout drill holes would readily allow for the development of an economic style deposit to sit between them. Galileo followed up with ionic leach soil sampling resulting in the discovery of the current anomalous targets.

Highlights: The new Galileo geochemical targets occupy a similar geological setting ('the Galileo Fold') to that drilled by Khoemacau Copper Mining ('Khoemacau') coincident with the Mowana Fold axis and Zones 5 and 9 mineralisation together with the recently announced drill intercepts by Arc Minerals ('Arc') on the adjoining Virgo Project. At Mowana, Khoemacau reported drill intercepts of 4.3m @ 1.65% Cu and 6.1m @ 2.56% Cu. Arc also recently drilled scout holes on the same structure on an adjacent licence and reported 1m intervals assaying up to 3.65% Cu.

Independent external assessment reported that " the geological and structural setting of the Galileo Fold is almost identical to that of the Mowana Fold and is believed to share the same level of prospectivity." On PL 039/2018, anomalous soil results are associated with the plunge nose of the Galileo Fold structure. On PL40/2018, three geochemical targets have been identified with the southern target extending over 2.8km. Survey lines were widely spaced, and the Company is assessing available geophysical data ahead of a drill programme over priority targets.