Galileo Exploration Ltd. Set to Begin Drilling
Galileo
EXPLORATION LTD.
GALILEO EXPLORATION LTD. SET TO BEGIN DRILLING
VANCOUVER, BC – October 19, 2017
Galileo Exploration Ltd. (TSX Vent ure Exchange: GXL) (the " Company") 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 m etre Induced Polarization (IP) survey on the Majuba Hill
Copper/Silver/Gold porphyry project located in Pershing County, North Central Nevada , USA,
targeted the southern extension of strong copper -silver mineralization intersected in drill hole
MMX-24. No drilling has been conducted previously in this area.
The survey was successful in outlining an IP chargeability anomaly above 8-10 msec, over a width
of 400 to 800 metres, and along a strike length in excess of 1,200 metres interpreted to be open
to the south and east. The depth to the potential sulphide target varies from surface on the
north to 150-200 metres on the south.
Mineralization i ntersected in drill hole MMX -24 is associated with disseminated chalcocite -
chalcopyrite-arsenopyrite-pyrite sulphides in a quartz -sericite altered porphyritic intrusive with
disseminated tourmaline and quartz — tourmaline — sulphide stockworks.
All drill platform , permitting, and bonding for reclamation is in place with the appropriate
government authorities.
Gary Nordin, B.Sc. (Geol Hons) is the Qualified Person of Galileo Exploration Ltd. and has
reviewed and approved the exploration data contained in this news release. Gary is a member of
the Company's Technical Advisory team.
Galileo Exploration Ltd . recently announced the TSX Venture Exchange accepted for filing a
mining lease and option to purchase agreement for the Majuba Hill Copper project. The Majuba
Hill Copper is located approximately 12 miles northwest of Rye Patch Gold's Florida Canyon Mine
in Pershing County, Nevada.
The original Majuba Hill Mine produced 2.8 million lbs of oxide copper grading from four to
twelve percent (4 to 12%) copper during the period 1907 through 1947 from the top of the
porphyry system.
ON BEHALF OF GALILEO EXPLORATION LTD.
"Ron Rieder"
Ronald A. Rieder CEO/President
Galileo Exploration Ltd.
407 - 325 Howe Street
Vancouver, BC
V6C 1Z7
Tel: (604) 629-1929
Fax: (604) 629-1930
FORWARD-LOOKING STATEMENTS
This news release contains “forward -looking statements” within the meaning of Canadian securities legislation. These include,
without limitation, statements with respect to: the strategic plans, timing and expectations for the Company’s exploration and drilling
programs on the Majuba Hill property, geological interpretations, mineral estimates and sampling results. Such forward -looking
statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made
regarding, among other things: the conditions in general economic and financial markets; availability of skilled labour; timi ng and
amount of expenditures related to exploration and drilling programs; interpretations of mineral estimates; and effects of r egulation
by governmental agencies.
The actual results could differ materially from those anticipated in these forward -looking statements as a result of risk factors
including: the timing and content of work programs; results of exploration activities; th e interpretation of drilling results and other
geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks;
project cost overruns or unanticipated costs and expenses; and general marke t and industry conditions. Forward -looking statements
are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise
and, as such, readers are cautioned not to place undue reliance on these forward -looking statements, which speak only as of the date
the statements were made. The Company undertakes no obligation to update or revise any forward -looking statements included in
this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by
applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this News Release.
Galileo
EXPLORATION LTD.