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Galileo Resources, a company listed on the AIM Market of the London Stock Exchange, has discovered several substantial gold targets around the Queen’s Mine located near Bulawayo, Zimbabwe. The company also identified a new gold-in-soil anomaly covering more than five square kilometres southeast of the Queen’s Mine with further anomalies to the southwest.
Galileo’s CEO, Colin Bird, said the survey successfully defined targets with gold associated with underlying structures that extend from known mineralisation. Bird said:
<blockquote>
The recent completion of a gold-in-soil geochemical survey in the prolific Queen’s area has been highly successful in that it has clearly defined a number of targets where we have gold associated with underlying structures that extend from known mineralisation that has sustained both commercial and artisanal mining. Our intention now is to prioritise anomalies with a view to commencement of drill-testing by the end of the third quarter 2023.
</blockquote>
The company’s priority now is to commence drill-testing by the end of the third quarter of 2023. 
Two weeks ago, Galileo Resources began drilling at Kamativi target in Zimbabwe after finding an unusual occurrence of lithium in soil and streams. The size of the deposit is similar to that of Arcadia deposit in Zimbabwe. The first drilling will test the areas with high levels of lithium and check if there is a chance of finding tin. Kamativi covers an area of 520 sq km, and Galileo can earn an 80% interest by spending US$1.5m on exploring and evaluating the area by July 21, 2024.
Galileo Resources has also taken a 51% stake in the Shinganda copper-gold project in Zambia for US$500,000. The company will fund and manage any further drilling, metallurgical and scoping studies to complete a feasibility study, according to the joint venture’s terms.
<h3><a href="https://www.pindula.co.zw/">More Pindula News</a></h3>

Pindula News

UK Company Galileo Resources Discover Gold Targets In Bulawayo

Kamativi Tin Mine is set to be reopened after 23 years after Chinese investor  China Beijing Pinchang released $1 million for the preliminary work.  The  Chinese company is set to invest $102 million in the mine which is wholly owned by the Zimbabwe Mining Development Corporation (ZMDC).
Mines and Mining Development Minister <a href="http://www.pindula.co.zw/Walter_Chidhakwa" target="_blank">Walter Chidhakwa</a> who was in parliament said:
<blockquote>There was a requirement to release         $1 million which would be used to do the preliminary work; geological work to establish the ground and what it has. That money was released. It took a bit of time but it was released and a team of eight geologists; four Zimbabwean geologists and another four from China spent six months at Kamativi working on the geology. Their report came out at the end of December 2016.</blockquote>
The mine was closed in 1994 when the price of tin plunged from $18 000 per tonne to $3 000 per tonne.  The price of tin has since firmed to between $17 000 and $22 000 per tonne, hence the decision to reopen the money.
More: <a href="http://www.chronicle.co.zw/1m-released-for-kamativi-mine-preliminary-work/">Chronicle</a>

Kamativi Mine to reopen after 23 years after Chinese Investor released $1 million

Appearing before the MPs on Monday, Minister of Mines, <a href="http://www.pindula.co.zw/Walter_Chidhakwa">Walter Chidhakwa</a> said that President Robert Mugabe refused to bend the indigenisation policy in favour of the Chinese who wanted a 65 percent stake at the Kamativi Tin Mine. He also revealed that the mine is now set to re-open after the Chinese finally dropped their demands and agreed to finance the deal to the tune of $100 million.
Said Chidhakwa:
<blockquote>The negotiations had been stuck over the indigenization policy as Chinese government wanted 65 percent equity and I discussed the Chinese proposal with President <a href="http://www.pindula.co.zw/Robert_Mugabe">Robert Mugabe</a> and he refused to change the indigenisation policy in their favour and said we must implement the 51 percent to 49 percent which they have agreed to.</blockquote>
Chidhakwa said that the Zimbabwe Mining Development Corporation (ZMDC) is now working with Beijing Pichang on preliminary processes paving way for the re-launch of mining activities. Apart from extracting tin, lithium, tantalite, beryl, copper and beryllium, the venture provides for the construction of a refinery at the mining site.
More:<a href="http://www.newzimbabwe.com/news-33624-Bob+rejects+Chinas+bid+for+Kamativi+favours/news.aspx"> NewZimbabwe.com</a>

Mugabe refuses to bend indigenisation policy in favour of the Chinese who wanted 65 % stake at Kamativi Tin Mine

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