Galileo Resources Uncovers Lithium and Rare Earth Elements in Kamativi Claims
London Stock Exchange-listed mining company, Galileo Resources, has announced that its claims at Kamativi, Zimbabwe, may contain a significant amount of lithium, tin, and rare earth elements. The firm revealed that it discovered pegmatite rock in the western parts of Kamativi during exploration, indicating the presence of various minerals that require further investigation. The company, which has interests in Zimbabwe’s Bulawayo Gold Projects and Kimativi Lithium Project, has exported samples to South Africa and Ireland to get a detailed view of the asset.
Galileo’s Kamativi license spans an area of 520 square kilometers and is adjacent to Kamativi Mine, a collapsed tin operation over a decade ago. The firm’s discovery of pegmatite swarms with individual pegmatites up to 30 meters wide has revealed a coherent total rare earth element in soil anomaly extending over 1.2 kilometers with a width of 300 to 500 meters, and a further 1.5 kilometers extension with peak Li in soil content. The company collected and analyzed 4,359 soil samples, 728 stream sediment samples, and 221 rock chip samples. It submitted 1,282, 72, and 68 samples respectively for laboratory geochemical determinations, all of which were analyzed by ALS Chemex South Africa and ALS Chemex Ireland, fully accredited laboratories that comply with international standards.
Colin Bird, Galileo’s CEO and Chairman, stated that the company would soon be ready to operate, having committed to a significant reconnaissance program over all potentially prospective lithium terrain on the license. The program identified several significant targets in several areas within the license where the peak analytical values, metal associations, and continuity are coherent enough to allow the firm to plan an early follow-up program, including trenching and, where warranted, drilling. Galileo’s geophysics and geochemistry results have added to its confidence, and it looks forward to drilling testing the targets it generated as soon as all results are to hand.
Galileo’s discovery is a significant development for Zimbabwe, as other companies have already been exploring for lithium in the same area. Lithium is a critical component of electric vehicle batteries, and as the world moves towards a green economy, demand for lithium is expected to increase. The development could provide a significant boost to Zimbabwe’s economy, which has been struggling due to a lack of foreign currency and a shortage of foreign investment.