Update regarding Orogen Gold JV on Silverton

 RNS Number : 5336A

Galileo Resources PLC

24 March 2017

 

Galileo Resources PLC

(“Galileo Resources, “Galileo” or “the Company”)

 

Update regarding Orogen Gold JV on Silverton

 

Galileo (AIM:GLR), the exploration and development mining company with copper projects in  South Africa, gold projects in  Nevada,  USA and a rare-earth project  in South Africa, notes the announcement recently made by Orogen Gold  plc (“Orogen”), its JV partner in the Silverton Gold Property  (“Silverton” or the “Property”) in Nevada, setting out the proposed disposal of all its mineral exploration interests.

 

The Galileo shareholders will have noted Orogen’s proposed new business strategy.  The Company has not received advice yet as to Orogen’s intentions regarding the Silverton project but will keep its shareholders informed of developments in this regard.

 

A copy of this announcement is also available on the website.

 

You can also follow Galileo on Twitter: @GalileoResource

 

For further information, please contact:

Andrew Sarosi, Executive Director

Tel +44 (0) 1752 221937 /020 7584 2155

Beaumont Cornish Limited  – Nomad  

Roland Cornish/James Biddle

Tel +44 (0) 20 7628 3396

Beaufort Securities Limited – Broker

Jon Belliss

Tel +44 (0) 20 7382 8416

 


This information is provided by RNS

The company news service from the London Stock Exchange

 

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