TIDMGLR

RNS Number : 5336A

Galileo Resources PLC

24 March 2017

24 March 2017

Galileo Resources PLC

("Galileo Resources, "Galileo" or "the Company")

Update regarding Orogen Gold JV on Silverton

Galileo (AIM:GLR), the exploration and development mining company with copper projects in South Africa, gold projects in Nevada, USA and a rare-earth project in South Africa, notes the announcement recently made by Orogen Gold plc ("Orogen"), its JV partner in the Silverton Gold Property ("Silverton" or the "Property") in Nevada, setting out the proposed disposal of all its mineral exploration interests.

The Galileo shareholders will have noted Orogen's proposed new business strategy. The Company has not received advice yet as to Orogen's intentions regarding the Silverton project but will keep its shareholders informed of developments in this regard.

A copy of this announcement is also available on the website.

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact:

 
 Andrew Sarosi, Executive               Tel +44 (0) 1752 221937 
  Director                               /020 7584 2155 
 Beaumont Cornish Limited               Tel +44 (0) 20 7628 3396 
  - Nomad 
  Roland Cornish/James Biddle 
 Beaufort Securities Limited - Broker   Tel +44 (0) 20 7382 8416 
  Jon Belliss

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUSVBRBRAOUAR

(END) Dow Jones Newswires

March 24, 2017 13:54 ET (17:54 GMT)

Galileo Resources (LSE:GLR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Galileo Resources Charts.
Galileo Resources (LSE:GLR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Galileo Resources Charts.