Galileo Exploration is pleased to announce the commencement of drilling on its Majuba Hill property scheduled for the week of October 23, 2017. Marcus and Marcus, a division of IDEA Drilling LLC, of Coeur d’Alene, Idaho, has been contracted to conduct the company’s drill program. The recently completed 3-line 9,000 metre Induced Polarization (IP) survey on the Majuba Hill Copper/Silver/Gold porphyry project located in [...]
Galileo Exploration is pleased to announce the closing of the first tranche of the financing announced September 28th, 2017. The total amount of units subscribed for was 5,380,000 for gross proceeds of $430,400 Canadian dollars. Each unit consists of one common share and one warrant. Each common share was issued at $.08 (eight) cents. Each warrant will be exercisable to acquire one common share at an exercise price of [...]
Galileo Exploration has DECIDED TO INCREASE the recently announced September 28th, 2017 non-brokered private placement for gross proceeds of $400,000 to $480,000. The non-brokered private placement will consist of 6,000,000 units at a price of $0.08 per Unit, for gross proceeds of $480,000. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each full warrant will be [...]
Galileo Exploration is pleased to release results of its recently completed 3-line 9,000 metre Induced Polarization (IP) survey on its Majuba Hill Copper/Silver/Gold porphyry project in Pershing County. The IP survey targeted the southern extension of strong copper-silver mineralization intersected in drill hole MMX-24 which cut 222m of 0.27% copper and 10 g/t silver including 117 m grading 0.43% copper and 12 g/t silver [...]
Galileo Exploration is pleased to announce that it has acquired an option to purchase a 100% interest in the Signal Gold Property along with the large (8GB) property/district database. The property is subject to underlying royalties. The Company’s President and CEO Ron Rieder comments, “it was determined that the Signal Gold Property falls nicely into corporate philosophy of affordable yearly maintenance costs, investment [...]
VANCOUVER, British Columbia, Aug. 30, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (the “Company”) (TSX-V:GXL) announces that the Company has completed and filed a technical report titled “NI 43-101 Technical Report, Majuba Hill Copper Project, Pershing County, Nevada, USA” dated effective May 31, 2017 (the “Report”) prepared in accordance with National Instrument 43-101 Standards [...]
Galileo Exploration is pleased to announce that Durango Geophysical Operations of Durango, have been contracted to begin on August 11th, 2017, a 3 line, 3-kilometer IP chargeability study of the Majuba Hill Copper Project. The Company’s President and CEO, Ron Rieder comments - “Majuba is an exciting project, and we’re anxiously awaiting the beginning of the exploration process. Drill hole MMX-24 indicates an increase in [...]
Galileo Exploration is pleased to announce the TSX Venture Exchange has accepted for filing a mining lease and option to purchase agreement dated February 14, 2017 and as amended between March 27, 2017 and May 9, 2017 between Galileo Exploration Ltd and Majuba Hill LLC. As a part of this filing, the company was required to submit a 43-101 report on the Majuba. Alan Morris, of Nevada, USA was contracted to publish the [...]
VANCOUVER, B.C., June 13, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSX-V:GXL) (the “Company”) has arranged a non-brokered private placement for gross proceeds of $500,000. The non-brokered private placement will consist of 4,000,000 units (“Units”) at a price of $0.125 per Unit, for gross proceeds of $500,000 (the “Private Placement”). Each Unit will consist of one common [...]
Galileo Exploration is pleased to announce the formation of an Advisory Board to assist in the assessment, exploration, development, and financial planning of the future success of the company. The company’s advisory board members are Mr. Gary Nordin of North Vancouver, B.C., Mr. Wes Adams of Denver, Colorado, and Mr. Victor Erickson, of Vancouver, B.C. CEO/President Ron Rieder comments “building a company for [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 12, 2017) - Galileo Exploration Ltd. (TSX VENTURE:GXL) (the "Company") announces that Mr. David N. Hottman has resigned as Chairman and Director of the Company as of May 11, 2017. Ronald A. Rieder, President & CEO commented that "David was one of the original founders of the Company and has been guiding the company for many years and the Board would like to thank him for his [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 11, 2017) - Galileo Exploration Ltd. (TSX VENTURE:GXL) (the "Company") is pleased to that its recently announced private placement of February 28th, 2017, has been fully subscribed to, and slightly increased and completed. The initial non-brokered private placement of up to five million units at a price of ten cents per unit, and the increase to 5,110,000 million units [...]
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