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Galileo Resources PLC - mining company focused on US and Africa - Finds potential nickel targets at Bulawayo gold project in Zimbabwe.
‘A 1.5 kilometre long soil geochemical anomaly up to 1,700 parts per million of nickel with a coincident magnetic signature has been highlighted from historic sampling in the Fingo area,’ London-based firm says. Fingo is in the south-west of Zimbabwe.
‘One outcome of the recent survey has been an early indication of the possibility of the presence of nickel on our licences which was unexpected and a bonus to the company's gold mission,’ Chair and Chief Executive Officer Colin Bird says.
Current stock price: 1.40 pence, up 7.7% on Friday
12-month change: up 19%
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