Shinganda Copper-Gold Project
Galileo entered into an Option and Joint Venture Agreement on 6 December 2021 with Garbo Resource Solutions Ltd. covering the Shinganda Copper-Gold Project, central Zambia comprising Large Scale Exploration Licence No. 22990–HQ-LEL. The agreement gives Galileo the opportunity for new deposit discovery and/or small mine production potential.
The Shinganda project is located in western Zambia just outside the game management area of the Kafue National Park and is easily accessed via the well-maintained dirt road running between Kaoma and Kasempa.
The main feature of interest is the west-northwest Gerhard Trend which extends for at least 12km through the project area. This trend is marked by a strong magnetic linear high coincident with an intermittent zone of silicified hematite and magnetite bedrock containing copper and gold at several places along its length. There are other strong magnetic features of interest on the licence which reflect shallow intrusives, perhaps related to the Hook Granite, suggesting a potential IOCG (iron oxide-copper-gold) setting for the mineralisation seen in the region.