Galileo Resources Launches Drilling Program at Molefe Copper Project in Zambia
Galileo Resources Begins Drilling at Zambia’s Molefe Copper Project with Jubilee Metals
IM-listed Galileo Resources has commenced drilling at its Molefe copper project in Zambia following the signing of a conditional cooperation and project development agreement with Jubilee Metals on November 27.
The drilling program began with two holes completed out of an anticipated ten-hole campaign, initiated under the terms of the collaboration agreement.
The program has multiple objectives: maintaining the current production profile over the next three months, replacing depleted resources over a six-month mid-term horizon, and executing a regional reconnaissance drilling program to extend the mine’s long-term life.
READ ALSO:Molefe Copper Mine in Zambia Set for Expansion Through Jubilee-Galileo Partnership
“We are very pleased that drilling has commenced in line with the collaboration agreement,” Galileo Chairperson Colin Bird said. “We look forward to reviewing the initial results, which aim to support our production goals while also undertaking reconnaissance drilling across the broader area.”
