GLR Galileo Resources Plc

 
TIDMGLR 
 
6 December 2011 
 
Galileo Resources Plc 
 
("Galileo" or the "Company") 
 
Glenover Rare Earth Project Drilling Update 
 
The Board of Galileo Resources Plc ("Galileo"), the AIM-quoted 
emerging African Rare Earth exploration company, is pleased to announce 
further positive drilling results from its latest three boreholes GVH002, 003 
and 004 on its Glenover Rare Earths Joint Venture project in Thaba Zimbi, 
South Africa. Borehole GVH002 shows simllar characteristics to GVH001 (results 
previously announced 10 November 2011) while boreholes GVH003 and GVH004 
intersected significantly higher rare earth oxide mineralisation than seen to 
date and over relatively long core lengths. 
 
Highlights: 
 
- Four boreholes with results completed to date in area peripheral 
to the old open pit, previously worked for its high grade phosphate ore but 
disregarded the REOs present 
 
- Rare earth oxide ("REO") mineralisation >1% REO intersected in 
the three boreholes reported herein 
 
- Borehole GVH003 intersected 52.6 metres from surface assaying 
4.27% REO including 18.3 metres (from 30 to 41 meters) assaying 8.24% REO 
 
- Borehole GVH004 showed significant REO mineralisation over some 
82 metres from surface (total 100 meters drilled) assaying 2.47% REO, 
including 45 metres from surface assaying 3.23% REO and 8 metres (from 20 to 
28 meters) assaying 8.03% REO 
 
- Drilling continues with a further four boreholes (GVH005 to 
GVH008) drilled around the old pit and samples submitted for assay 
 
A summary of the results for the latest boreholes are given in the 
tables below. 
 
Colin Bird, Executive Chairman of Galileo Resources, said: "These 
results are very pleasing and significant. Our mission now moves with 
confidence towards producing a SAMREC code compliant resource estimate for the 
areas peripheral to the open pit and at depth." 
 
The drilling programne is aimed at correlating the rare earth 
mineralisation with the various rock type facies. Core logging data continues 
to indicate the REO mineralisation is hosted predominantly within the apatite 
breccia facies. However in borehole GVH004, elevated intermitted REO 
mineralisations of between 2% to 6% REO over several metres were seen to 
persist in the carbonatite facies for some 30 metres below the usual REO 
mineralised apatite breccia. 
 
The results to date permit the project to advance towards a 
definitive resource statement and concurrently a prefeasibility study phase. 
Likewise, the results give the project the confidence to extend its 
exploration programme to other potential prospective areas, which the Company 
believes exist on its concession. 
 
Drilling continues with four further boreholes GVH005 to GVH008 
drilled, logged and sampled. The samples have been submitted for assay. 
 
The internationally accredited laboratory Genalysis Laboratory 
Services (Pty) Ltd, a part of Intertek Group plc carried out the the assays of 
the borehole core samples. 
 
Summary of results for Boreholes GHV002, 003 and 004 over selected 
core lengths 
 
Borehole GVH002 
 
GRADE CUT                                FROM (m)     TO (m)     WIDTH (m)      TREO* %**     P2O5 %**    Nb2O5 %** 
Total core                                     0         133           133           0.77         4.94         0.12 
     > 1% RE0                              82.98       86.57          3.59           2.76        10.66         0.34 
     Including                              84.7       86.57          1.87           4.20        12.48         0.47 
     > 1% REO                              88.62       92.11          3.49           1.62         9.01         0.32 
 
* Includes Yttrium ** length weighted averages 
 
Borehole GVH003 
 
GRADE CUT                  FROM (m)     TO (m)     WIDTH (m)       TREO* %**     P2O5 %**     Nb2O5%** 
Total core                       0       133.4         133.4            2.15         9.74         0.43 
     > 1% REO                    0       52.64         52.64            4.27        21.70         0.85 
     Including               30.07       48.36         18.29            8.24        15.21         0.75 
 
* Includes Yttrium ** length weighted averages 
 
Borehole GVH004 
 
GRADE CUT                               FROM (m)       TO (m)    WIDTH (m)       TREO * %**      P2O5 %**  Nb2O5 %** 
Elevated REO in core                           0        82.16        82.16             2.47          7.39       0.30 
> 1% REO                                       0        45.08        45.08             3.23         11.70       0.41 
              Including                     5.64        7.77          2.13             4.49         26.37       0.39 
              Including                    20.14        27.92         7.78             8.03         14.97       0.74 
> 1% REO                                   51.04        52.29         1.25             6.52          2.61       0.18 
> 1% REO                                   58.98        63.9          4.92             1.86          0.32       0.01 
> 1% REO                                   66.27        73.53         7.26             2.58          1.98       0.15 
> 1% REO                                   79.66        82.16          2.5             2.17          2.70       0.18 
 
Includes Yttrium ** length weighted averages 
 
For further information, please contact: 
 
Colin Bird                           Tel +44 (0)20 7581 4477 
Chairman & CEO 
 
Richard Wollenberg                   Tel +44 (0) 1784 437 444 
Non-Executive Director 
 
Beaumont Cornish Limited,            Tel +44 (0)20 7628 3396 
Nominated Advisor and Broker 
Roland Cornish/James Biddle 
 
Shore Capital Stockbrokers Limited   Tel +44 (0)20 7408 4090 
Joint Broker 
Jerry Keen/Toby Gibbs 
 
Bishopsgate Communications           Tel +44 (0)20 7562 3350 
Nick Rome/Shabnam Bashir 
 
A copy of the announcement is available on the Company's website www.galileoresources.com 
 
Technical Sign-Off 
 
Andrew Sarosi, Technical Director of Galileo, who holds a B.Sc. 
Metallurgy and M.Sc. Engineering, University of Witwatersrand and is a member 
of The Institute of Materials, Minerals and Mining, is a 'qualified person' as 
defined under the AIM Rules for Companies and a competent person under the 
reporting standards. The technical parts of this announcement have been 
prepared under Andrew Sarosi's supervision and he has approved the release of 
this announcement. 
 
Note: 
 
Galileo Resources Plc is a natural resource exploration company. 
The Company has an experienced management team with proven technical and 
commercial background. The flagship property is the Glenover Phosphate 
concession, which produced phosphate for many years. Phosphate however, is now 
subordinated to Rare Earth Elements (REEs). The project area is known to 
contain REEs and that the grades, if of sufficient size and continuity may 
well lead to a medium-sized operation for the production of REOs. 
 
Galileo Resources currently has an 11.5% interest in the Glenover 
Project and has the option, via additional stage payments as set out in the 
Company's Admission Document, to earn up to a maximum interest of 73.73%. 
 
One of the key benefits of the project for a medium-sized operation is that, 
if REEs, which have been shown to be present in the stockpiles from the 
previous phosphate operations, can be proven to compliant resource category, 
the cost of mining it and the associated risks should substantially be 
reduced. 
 
The concession is of considerable size and hosts mineralisation 
types suitable for potential REE presence. The aim is to investigate the 
mineralisation types for REE presence and content with the view to proving up 
a mineable resource of REOs. 
 
The Company also has a number of Iron Ore and Manganese exploration 
projects in the Cape, all of which are in proximity either to current 
operations or discoveries, which are not currently being processed. 
 
Galileo has rights to joint venture in an aggregate producing 
quarry close to Mthata in the Eastern Cape. The Directors beieve that the 
quarry is well positioned to supply construction aggregate for the significant 
potential infrastructure programme being undertaken by local government. 
 
Technical Glossary 
 
Apatite: a phosphate mineral of calcium containing chlorine or fluorine, or 
both. 
 
Breccia: a rock composed of broken fragments of minerals or rock cemented 
together 
 
Collapse breccia: A collapse breccia forms where there has been a collapse of 
rock 
 
Facies: a body of rock with specified characteristics 
 
Phosphate (P2O5): an oxide of phosphorus 
 
Rare earth elements: a set of fifteen chemical elements in the periodic table 
specifically 
 
(REE) the lanthanides (plus yttrium ad hoc) and by convention categorised as 
light REE (the first seven elements plus yttrium and heavy REEs the last eight 
lanthanides) 
 
REO (rare earth oxide): the oxide form of the rare earth element 
 
TREO: total rare earth oxides 
 
The major rare earth elements (98% of TREO) in the borehole core sampled are: 
 
Ce: Cerium Uses include cathode ray tube glass to prevent age discoloration, 
in auto catalytic converters, rich red colour pigments, low energy light 
bulbs, film studio carbon-arc lighting and minor use in self cleaning ovens 
 
Eu: Europium Uses include bright red coloration in television tubes; 
industrial street lighting to give a more natural light, thin film 
superconductor alloys and in lasers 
 
Gd: Gadolinium Uses include neutron capture capability and in compounds as a 
contrasting agent in radiography and magnetic resonance imaging in medical 
diagnostics 
 
La: Lanthanum Uses include carbon-arc lighting, additive to glass for lenses 
and new treatment for bone disease (osteodysrophy). Potential use for hydrogen 
(H) storage for H-fuelled vehicles: being able to absorb hydrogen as much as 
400 times its volume 
 
Nd: Neodymium Uses include alloyed with iron and boron to make one the most 
powerul permanent magnets known (see also Samarium below) and found in modern 
vehicles using motorised devices; in welders protective glasses and power 
lasers 
 
Pr: Praseodymium Uses include as an additive to give glass a pure yellow 
colour and brilliant pastel greens and yellows for glazes 
 
Sm: Samarium Uses include alloyed with cobalt to produce permanent magnets ten 
thousand times more powerful than iron and has the highest resistance to 
demagnetization; in masers (microwave lasers) capable of cutting steel and 
bouncing off the surface of the moon 
 
Y: Yttrium Uses include lasers, as host for europium in TV red phosphor, 
alloyed with boron and cobalt high temperature superconductors and microwave 
filters 
 
 
 
 
END 
 

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