VANCOUVER, British Columbia, Feb. 22, 2018 -- Galileo Exploration is pleased to release the results of its 2017 exploration program at the Majuba Hill Copper project in Pershing County, Nevada USA. The Majuba Hill Copper project is 6.5km2 in size and is located approximately 20km northwest of Rye Patch Gold’s Florida Canyon mine. The original Majuba Hill Mine produced 2.8 million lbs. of oxide copper grading from [...]
VANCOUVER, British Columbia, Jan. 09, 2018 -- Galileo Exploration Ltd. announces that at its Annual General Meeting of Shareholders on December 20, 2017, Mr. Wes Adams of Colorado, USA was elected as a Director to the Company’s Board. Mr. Adams brings significant resource sector financing and mineral exploration experience, which will add value to the Company and to Galileo’s Majuba Project in the State of [...]
VANCOUVER, British Columbia, Dec. 18, 2017 -- Galileo Exploration Ltd. confirms that its recently announced private placement of September 28th, 2017, has been fully subscribed to and completed. The non-brokered private placement of up to six million units at a price of 8 cents per unit was fully subscribed to in two tranches. The Company received a total of $480,000 gross proceeds. The company paid zero dollars in [...]
VANCOUVER, British Columbia, Dec. 07, 2017 -- Galileo Exploration Ltd. is pleased to announce that their planned Phase One 2017 Exploration program on its Majuba Hill property has been completed. Ongoing geologic and geophysical study is revealing other potential targets on the Project. The Phase One Exploration program consisted of - A program of compilation Geologic orientation Geophysical study Core drilling A field [...]
VANCOUVER, British Columbia, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSX-V:GXL) (the "Company") announces that subject to approval of the TSX Venture Exchange, the Company has extended the period to December 11, 2017 during which the final tranche of the private placement announced on September 28, October 2, 2017 and October 11, 2017 is required to close. ON BEHALF OF Galileo Exploration Ltd. "Ron [...]
VANCOUVER, British Columbia, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSXV:GXL) (the "Company") is seeking approval from the TSX Venture Exchange to extend the term of certain warrants which would otherwise expire on November 12, 2017. The Board of Directors has approved the extension of 758,000 warrants granted on November 12, 2015, with the original expiry date of November 12, 2017. Upon TSX Venture [...]
VANCOUVER, British Columbia, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Galileo Exploration Ltd. (TSX Venture Exchange:GXL) (the "Company") provides the following additional disclosure in relation to the private placement financing which closed as previously announced by news release dated October 11, 2017 (the “Private Placement”). A certain insider of the Company purchased or acquired direction and control over a [...]
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 [...]
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