GALIANO GOLD REPORTS EXCEPTIONAL DRILL RESULTS AT ABORE, INCLUDING 23m @ 6.8 g/t Au AND 16.4m @ 5.3 g/t Au, WITH MULTIPLE ORE SHOOTS AND NEW HIGH-GRADE ZONE IDENTIFIED
Galiano Gold (NYSE: GAU) has announced exceptional drilling results from its Abore 2025 Phase 2 program at the Asanko Gold Mine in Ghana. The program revealed multiple high-grade gold intercepts, including outstanding results of 23m @ 6.8 g/t Au and 16.4m @ 5.3 g/t Au.
The exploration program identified multiple new high-grade ore shoots across Abore South and Main zones, plus a significant new high-grade discovery at Abore North below the existing Mineral Reserve. The company has completed 75% of Phase 2, drilling approximately 10,000m over 40 holes, with results from 31 holes received.
Based on these positive results, Galiano plans to expand the 2025 drilling campaign into 2026, aiming to grow Inferred and Indicated Mineral Resources. The company will deploy 5-6 drill rigs at Abore to accelerate exploration, with mineralization remaining open in multiple directions.
Currently, Abore contains Measured and Indicated Resources of 638,000 ounces at 1.24 g/t Au and Inferred Resources of 78,000 ounces at 1.17 g/t Au.
Galiano Gold (NYSE: GAU) ha annunciato risultati di perforazione eccezionali dal programma Abore 2025 Fase 2 presso la miniera d'oro Asanko in Ghana. Il programma ha evidenziato multipli interinali auriferi ad alto tenore, con risultati di rilievo come 23 m @ 6,8 g/t Au e 16,4 m @ 5,3 g/t Au.
L'esplorazione ha identificato diversi nuovi filoni ad alto tenore nelle zone Abore South e Main, oltre a una significativa nuova scoperta ad alto tenore ad Abore North, sotto la Riserva Mineraria esistente. La società ha completato il 75% della Fase 2, perforando circa 10.000 m in 40 fori, con risultati ricevuti per 31 fori.
Alla luce di questi esiti positivi, Galiano prevede di estendere la campagna di perforazione 2025 nel 2026, con l'obiettivo di aumentare le Risorse Minerarie Inferred e Indicated. Verranno impiegate 5-6 sonde ad Abore per accelerare l'esplorazione, dato che la mineralizzazione rimane aperta in più direzioni.
Attualmente, Abore contiene Risorse Misurate e Indicate di 638.000 once a 1,24 g/t Au e Risorse Inferred di 78.000 once a 1,17 g/t Au.
Galiano Gold (NYSE: GAU) ha anunciado resultados de perforación excepcionales del programa Abore 2025 Fase 2 en la mina de oro Asanko en Ghana. El programa reveló múltiples intercepciones auríferas de alto grado, incluyendo resultados destacados de 23 m @ 6,8 g/t Au y 16,4 m @ 5,3 g/t Au.
La exploración identificó varios nuevos filones de alto grado en las zonas Abore South y Main, además de un importante nuevo hallazgo de alto grado en Abore North bajo la Reserva Mineral existente. La compañía ha completado el 75% de la Fase 2, perforando aproximadamente 10.000 m en 40 sondajes, con resultados recibidos de 31 de ellos.
Ante estos resultados positivos, Galiano planea extender la campaña de perforación 2025 hasta 2026, con el objetivo de aumentar los Recursos Minerales Inferidos e Indicados. Desplegará 5-6 equipos de perforación en Abore para acelerar la exploración, ya que la mineralización continúa abierta en varias direcciones.
Actualmente, Abore contiene Recursos Medidos e Indicados de 638.000 onzas a 1,24 g/t Au y Recursos Inferidos de 78.000 onzas a 1,17 g/t Au.
Galiano Gold (NYSE: GAU)는 가나의 Asanko 금광에서 진행한 Abore 2025 2단계 시추 프로그램에서 탁월한 시추 결과를 발표했습니다. 프로그램은 여러 고품위 금 관입구를 확인했으며, 특히 23m @ 6.8 g/t Au 및 16.4m @ 5.3 g/t Au의 우수한 결과가 포함됩니다.
탐사 결과 Abore South 및 Main 구역 전반에 걸쳐 여러 새로운 고품위 광맥이 확인되었고, 기존 광물 매장량(리저브) 아래 Abore North에서 중요한 신규 고품위 발견도 이루어졌습니다. 회사는 2단계의 75%를 완료했으며, 약 40개 공에서 총 10,000m를 시추했고 그중 31개 공의 결과를 받았습니다.
이 같은 긍정적 결과를 바탕으로 Galiano는 2025년 시추 캠페인을 2026년까지 확대할 계획이며, 추정(Inferred) 및 표고(Indicated) 광물 자원을 늘리는 것을 목표로 합니다. 광물화는 여러 방향으로 열려 있어 탐사 속도를 높이기 위해 Abore에 5–6대의 시추 장비를 배치할 예정입니다.
현재 Abore에는 측정 및 표시 자원(Measured and Indicated) 638,000 온스, 등급 1.24 g/t Au와 추정 자원(Inferred) 78,000 온스, 등급 1.17 g/t Au가 포함되어 있습니다.
Galiano Gold (NYSE: GAU) a annoncé des résultats de forage exceptionnels issus du programme Abore 2025 Phase 2 à la mine d'or Asanko au Ghana. Le programme a révélé plusieurs intersections aurifères à haute teneur, dont des résultats remarquables de 23 m @ 6,8 g/t Au et 16,4 m @ 5,3 g/t Au.
Les travaux d'exploration ont identifié plusieurs nouveaux filons à haute teneur dans les zones Abore South et Main, ainsi qu'une découverte importante à haute teneur à Abore North sous la réserve minérale existante. La société a complété 75 % de la Phase 2, forant environ 10 000 m répartis sur 40 trous, avec les résultats de 31 trous reçus.
Au vu de ces résultats positifs, Galiano prévoit d'étendre la campagne de forage 2025 jusqu'en 2026, visant à augmenter les ressources minérales Inferred et Indicated. Elle déploiera 5 à 6 foreuses à Abore pour accélérer l'exploration, la minéralisation restant ouverte dans plusieurs directions.
Actuellement, Abore contient des ressources Mesurées et Indiquées de 638 000 onces à 1,24 g/t Au et des ressources Inferred de 78 000 onces à 1,17 g/t Au.
Galiano Gold (NYSE: GAU) hat herausragende Bohrergebnisse aus dem Abore 2025 Phase-2-Programm der Asanko-Goldmine in Ghana bekannt gegeben. Das Programm ergab mehrere hochgradige Goldabschnitte, darunter bemerkenswerte Ergebnisse von 23 m @ 6,8 g/t Au und 16,4 m @ 5,3 g/t Au.
Die Erkundung identifizierte mehrere neue hochgradige Erzgänge in den Zonen Abore South und Main sowie eine bedeutende neue hochgradige Entdeckung in Abore North unterhalb der bestehenden Mineralreserve. Das Unternehmen hat 75 % von Phase 2 abgeschlossen und rund 10.000 m über 40 Bohrlöcher niedergebracht; Ergebnisse für 31 Löcher liegen vor.
Aufgrund dieser positiven Resultate plant Galiano, die Bohrkampagne 2025 bis ins Jahr 2026 auszudehnen, mit dem Ziel, die Inferred- und Indicated-Mineralressourcen zu vergrößern. Zur Beschleunigung der Erkundung sollen in Abore 5–6 Bohrer eingesetzt werden, da die Mineralisierung in mehreren Richtungen offen ist.
Derzeit enthält Abore gemessene und angezeigte Ressourcen von 638.000 Unzen bei 1,24 g/t Au sowie inferred Ressourcen von 78.000 Unzen bei 1,17 g/t Au.
- Multiple high-grade gold intercepts discovered, including exceptional grades of 6.8 g/t Au over 23m
- New high-grade zone discovered at Abore North with grades significantly above current resource average
- Mineralization remains open in multiple directions, indicating strong growth potential
- Phase 2 drilling program progressing under budget and ahead of schedule
- Strong infrastructure with deposit located just 13km from processing plant
- Additional drilling and studies required to evaluate underground mining potential
- Further drilling needed to determine orientation and size of new zones
Insights
Multiple high-grade gold intercepts below Abore deposit significantly enhance resource growth potential, with grades substantially above the current resource average.
Galiano Gold's latest drilling results at Abore represent a significant exploration success that substantially increases the growth potential of this deposit. The intercepts, including
The identification of multiple ore shoots and a new high-grade zone at Abore North is technically significant for several reasons:
- The results confirm mineralization extends along predictable, north-plunging ore shoots with remarkable continuity over 400m of strike length
- The discovery of a conjugate structure between the main ore shoots suggests a more complex but potentially richer mineralized system
- Intercepts like 44.8m @
2.0 g/t Au indicate substantial widths of mineralization that could support efficient mining methods - The newly discovered high-grade zone at Abore North (
6.8 g/t Au over 23m) represents a step-change in grade potential
From a geological perspective, the concentration of mineralization along the granite/sediment contact and within the granite intrusive demonstrates a classic structural control mechanism that enhances predictability for future exploration. The mineralization remaining open in multiple directions suggests significant expansion potential both along strike and at depth.
The technical metrics of these results—with grades 2-5× higher than the existing resource and substantial widths—could meaningfully enhance the economic profile of Abore, potentially allowing for both resource expansion and grade improvement. The potential for underground development beneath the planned open pits adds another dimension to the project's growth trajectory.
Multiple new high-grade gold intercepts below the Mineral Resource at Abore highlight potential for Mineral Resource growth.
Selected Drill Highlights1,2,3:
- 6.8 grams per tonne ("g/t") gold ("Au") over 23 meters ("m") from 240m (Hole ABDD25-388)
- 5.3 g/t Au over 16.4m from 189m (Hole ABDD25-384)
- 2.0 g/t Au over 44.8m from 279m (Hole ABPC25-368)
- 2.9 g/t Au over 30.6m from 148m, including 17m @ 4.5 g/t Au (Hole ABPC25-380)
- 3.0 g/t Au over 17.5m from 241m (Hole ABDD25-354)
- 2.9 g/t Au over 29.7m from 209m (Hole ABPC25-371)
- 2.1 g/t Au over 40m from 208m, including 12m @ 3.8 g/t Au (Hole ABDD25-376)
- 2.3 g/t Au over 19.9m from 215m (Hole ABPC25-361)
- 1.7 g/t Au over 46m from 225m, including 13m @ 2.8 g/t Au (Hole ABDD25-374)
- 1.6 g/t Au over 34m from 210m, including 8m @ 3.7 g/t Au (Hole ABDD25-377)
- 1.3 g/t Au over 30m from 233m, including 5m @ 3.2 g/t Au (Hole ABDD25-379)
"We are excited to see consistent high-grade zones intercepted below the current resource shell at grades significantly above the average grade of the existing mineral resource," said Matt Badylak, President and Chief Executive Officer of Galiano. "We recognise the significance of encountering grades of this magnitude and continuity of mineralization at these elevations and anticipate these results will drive near term value through open pit resource expansion, while providing robust targets for continued exploration success at Abore."
Chris Pettman, Galiano's Vice President of Exploration, added: "These results validate our exploration strategy and strengthen our confidence in Abore as we advance with expanded drill programs targeting both open pit extensions and underground potential. We anticipate continuing aggressive drilling operations at Abore for the balance of the year and into 2026."
Abore 2025 Phase 2 Program Overview
Following the positive results of a Phase 1 drilling program reported in Q1 2025, which targeted mineralization within and directly below the Mineral Reserve pit1, the Company is pleased to report partial results on Phase 2 currently underway at Abore and near
The Phase 2 program was designed to test for further extensions of mineralization immediately below the Abore Mineral Reserve and Mineral Resource, across a strike length of approximately 1,600m, extending to the northern end of the Abore Mineral Reserve pit. Drilling has progressed under budget and ahead of schedule and is now expected to achieve approximately 10,000m over 40 holes. Complete assays have been received for 31 holes to-date.
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1 See press release "Galiano Gold Announces Discovery of New High-Grade Zone at Abore with Intercept of 50m @ 3.2 g/t Au & Results of Infill Drilling Program" dated May 5, 2025. |
Abore South and Abore Main: Multiple High-Grade Ore Shoots Identified
Among the highest priorities for the Phase 2 program was testing for continuation of mineralization in the 'saddle' area between Abore South pit and Abore Main pit, as well as expanding the high-grade zone initially discovered during Phase 1 drilling, where hole ABPC25-346 (the "Discovery Hole") returned 50m @ 3.2 g/t Au under the south end of Abore Main pit1.
Drilling from Phase 2 has confirmed mineralization continues along a low angle ore shoot, down plunge and along strike, to the north of the known south high-grade zone into the saddle area. This high-grade zone now has a total strike length of approximately 400m, with notable intercepts including:
- Hole ABDD25-354: 17.5m @ 3.0 g/t Au from 241m
- Hole ABPC25-361: 19.9m @ 2.3 g/t Au from 215m
The high-grade zone at the south end of Abore Main pit mentioned above has now been shown to be part of another low angle, north plunging ore shoot also extending over at least 400m. It starts 60m along strike and up plunge to the south of the Discovery Hole, where Phase 2 drilling intersected the ore shoot under the saddle area and returned the following significant intercept:
- Hole ABPC25-380 30.6m @ 2.9 g/t Au from 148m, including 17m @ 4.5 g/t Au
Multiple drill holes intercepted the down plunge extension of this ore shoot under Abore Main pit to the north of the Discovery Hole, including the following key intercepts:
- Hole ABPC25-371: 29.7m @ 2.9 g/t Au from 209m
- Hole ABDD25-374: 46m @ 1.7 g/t Au from 225m, including 13m @ 2.8 g/t Au
- Hole ABDD25-376: 40m @ 2.1 g/t Au from 208m, including 12m @ 3.8 g/t Au
- Hole ABDD25-377: 34m @ 1.6 g/t Au from 210m, including 8m @ 3.7 g/t Au
- Hole ABDD25-379: 30m @ 1.3 g/t Au from 233m, including 5m @ 3.2 g/t Au
This ore shoot remains open along strike and down plunge to the north under Main pit, as well as at depth.
Drilling during Phase 2 in the area under the saddle, between Abore South pit and Abore Main pit, has also identified what is interpreted as a south dipping conjugate structure carrying high-grade mineralization that connects the two north plunging ore shoots, with the following significant intercept:
- Hole ABDD25-384: 16.4m @ 5.3 g/t Au from 189m
Other intercepts of note at Abore South pit include a wide intercept of mineralized granite directly below the south high-grade zone, with hole ABPC25-368 intercepting 44.8m @ 2.0 g/t Au from 279m, including 17m @ 3.3 g/t Au. The southern most hole of the Phase 2 program, hole ABPC25-364, intercepted 28m @ 1.6 g/t Au from 207m.
Abore North: New High-Grade Zone Discovered
Phase 2 drilling extended to the northern end of the deposit, identifying a new high-grade zone located approximately 75m below the Abore Mineral Resource under Abore North pit, with the following significant intercept:
- Hole ABDD25-388: 23m @ 6.8 g/t Au from 240m
Further infill drilling around this intercept is currently underway to determine the orientation and size of this new zone, which remains open along strike to the north and south, as well as at depth. In addition to this newly discovered high-grade zone, Phase 2 drilling, under and around North pit and below the Mineral Resource, has returned additional well-mineralized intercepts including:
- Hole ABPC25-375: 11m @ 2.3 g/t Au from 189m and 7m @ 2.6 g/t Au from 208m
- Hole ABDD25-387: 5.2m @ 5.5 g/t Au from 266m and 5m @ 3.0 g/t Au from 279m and 5m @ 2.0 g/t Au from 292m
These strong initial results demonstrate that there is considerable near-term growth potential at Abore North, where active mining has yet to begin.
The current Phase 2 program remains ongoing with 9 holes from Abore South, Abore Main and Abore North yet to be completed and/or awaiting final assays.
Next Steps
Based on the continued exploration success at Abore, the 2025 drilling campaign will now be expanded beyond the completion of the current Phase 2 program and is anticipated to extend into 2026 to rapidly increase drill density within the zone immediately below the current Abore Mineral Resource with the goal of growing Inferred and Indicated Mineral Resources. The program will also continue to aggressively test multiple priority targets for further continuations of high-grade mineralization along plunge and beneath the known mineralized zones, which all remain open.
Key areas of strategic interest include the 'saddle' zone connecting the Abore South and Main pits, as well as sections directly below the North pit, which present compelling mine optimization opportunities. Mineralization remains open at depth and across the entire 1,800m of strike of the Abore deposit. The Company is undertaking studies to evaluate underground mining potential and to define the optimal transition depth between open pit operations and potential future underground development.
The exploration team at the AGM is well positioned to execute this aggressive drilling strategy with a fully staffed, highly skilled team on site, sufficient funding, and the full support of the Company's management and Board of Directors. As demonstrated during the ramp up of the Phase 2 drilling, the Company was able to leverage strong relationships with our in-country drilling contractors to obtain high quality equipment and crews and plan to ramp up to a minimum of five to six drill rigs at Abore throughout the duration of this next phase of drilling.
Background
Abore is located approximately 13 kilometers north of the AGM's processing plant, directly along the haul road, and has current Measured and Indicated Mineral Resources of 638,000 ounces at 1.24 g/t Au and Inferred Mineral Resources of 78,000 ounces at 1.17 g/t Au, as published in the Company's most recent Mineral Reserve and Mineral Resource estimates effective December 31, 20242.
The Abore deposit sits along the Esaase shear corridor, which also hosts the Esaase deposit, and forms part of the northeast striking Asankrangwa gold belt. The geology of Abore is characterized by a sedimentary sequence composed primarily of siltstones, shales and thickly bedded sandstones that has been intruded by a granite, which lies parallel to the shear and dipping steeply to the northwest. The majority of mineralization is constrained to the granite, hosted in west dipping quartz vein areas developed primarily along the eastern margin of the granite/sediment contact.
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2 See press release "Galiano Gold Announces 2025 Guidance And Provides Mineral Reserve And Mineral Resource Update" dated January 28, 2025. |
Cross sections F H, and J below trend from south to north showing the newly identified north plunging ore shoot with mineralization below the Mineral Resource under Main pit and extending into the saddle zone between main pit and south pit. This ore shoot remains open in all directions.
Table 1: Abore Phase 2 drilling intercepts table1,2,3
Hole ID | From (m) | To (m) | Width (m) | Grade (g/t Au) | Intercept Description |
ABDD25-388 | 240.0 | 263.0 | 23.0 | 6.8 | 23.0m @ 6.8 g/t |
ABPC25-368 | 279.3 | 324.1 | 44.8 | 2.0 | 44.8m @ 2.0 g/t |
ABDD25-380 | 147.9 | 178.5 | 30.6 | 2.9 | 30.6m @ 2.9 g/t |
ABDD25-384 | 189.1 | 205.5 | 16.4 | 5.3 | 16.4m @ 5.3 g/t |
ABPC25-371 | 209.1 | 238.8 | 29.7 | 2.9 | 29.7m @ 2.9 g/t |
ABDD25-376 | 208.0 | 248.0 | 40.0 | 2.1 | 40.0m @ 2.1 g/t |
ABDD25-374 | 225.0 | 271.0 | 46.0 | 1.7 | 46.0m @ 1.7 g/t |
ABDD25-377 | 210.0 | 244.0 | 34.0 | 1.6 | 34.0m @ 1.6 g/t |
ABDD25-354 | 241.0 | 258.5 | 17.5 | 3.0 | 17.5m @ 3.0 g/t |
ABPC25-361 | 215.1 | 235.0 | 19.9 | 2.3 | 19.9m @ 2.3 g/t |
ABPC25-364 | 207.0 | 235.0 | 28.0 | 1.6 | 28.0m @ 1.6 g/t |
ABDD25-379 | 232.8 | 262.8 | 30.0 | 1.3 | 30.0m @ 1.3 g/t |
ABDD25-363 | 195.4 | 208.9 | 13.5 | 2.7 | 13.5m @ 2.7 g/t |
ABDD25-369 | 179.4 | 189.8 | 10.4 | 3.3 | 10.4m @ 3.3 g/t |
ABDD25-378 | 202.4 | 221.6 | 19.3 | 1.7 | 19.3m @ 1.7 g/t |
ABDD25-387 | 265.8 | 271.0 | 5.2 | 5.5 | 5.2m @ 5.5 g/t |
ABDD25-381 | 212.0 | 225.0 | 13.0 | 2.0 | 13.0m @ 2.0 g/t |
ABPC25-375 | 189.0 | 200.0 | 11.0 | 2.3 | 11.0m @ 2.3 g/t |
ABDD25-370 | 172.4 | 186.2 | 13.9 | 1.7 | 13.9m @ 1.7g/t |
ABPC25-357 | 233.8 | 239.0 | 5.2 | 4.5 | 5.2m @ 4.5 g/t |
ABDD25-389 | 233.0 | 252.0 | 19.0 | 1.2 | 19.0m @ 1.2 g/t |
ABDD25-385 | 225.0 | 238.3 | 13.3 | 1.5 | 13.3m @ 1.5 g/t |
ABPC25-375 | 208.0 | 215.0 | 7.0 | 2.6 | 7.0m @ 2.6 g/t |
ABDD25-382 | 265.0 | 276.9 | 11.9 | 1.4 | 11.9m @ 1.4 g/t |
ABDD25-387 | 279.0 | 284.0 | 5.0 | 3.0 | 5.0m @ 3.0 g/t |
ABDD25-386 | 181.0 | 191.6 | 10.6 | 1.3 | 10.6m @ 1.3 g/t |
ABDD25-386 | 226.0 | 243.0 | 17.0 | 0.8 | 17.0m @ 0.8 g/t |
ABDD25-353 | 294.1 | 297.8 | 3.7 | 2.9 | 3.7m @ 2.9 g/t |
ABPC25-357 | 249.0 | 265.8 | 16.8 | 0.6 | 16.8m @ 0.6 g/t |
ABDD25-387 | 292.0 | 297.0 | 5.0 | 2.0 | 5.0m @ 2.0 g/t |
ABDD25-389 | 192.8 | 204.8 | 12.0 | 0.8 | 12.0m @ 0.8 g/t |
ABDD25-376 | 137.0 | 144.0 | 7.0 | 1.4 | 7.0m @ 1.4 g/t |
ABDD25-381 | 231.1 | 242.2 | 11.1 | 0.8 | 11.1m @ 0.8 g/t |
ABDD25-379 | 267.0 | 271.0 | 4.0 | 1.6 | 4.0m @ 1.6 g/t |
ABPC25-364 | 195.0 | 201.0 | 6.0 | 0.9 | 6.0m @ 0.9 g/t |
ABDD25-377 | 254.7 | 259.0 | 4.3 | 1.3 | 4.3m @ 1.3 g/t |
ABDD25-380 | 201.0 | 204.0 | 3.0 | 1.6 | 3.0m @ 1.6 g/t |
ABDD25-382 | 243.0 | 250.0 | 7.0 | 0.7 | 7.0m @ 0.7 g/t |
ABDD25-376 | 264.0 | 270.3 | 6.3 | 0.7 | 6.3m @ 0.7 g/t |
ABDD25-379 | 277.0 | 285.0 | 8.0 | 0.5 | 8.0m @ 0.5 g/t |
ABDD25-385 | 276.0 | 280.0 | 4.0 | 1.0 | 4.0m @ 1.0 g/t |
ABPC25-375 | 232.1 | 237.7 | 5.6 | 0.6 | 5.m6 @ 0.6 g/t |
ABDD25-387 | 241.4 | 247.6 | 6.2 | 0.4 | 6.2m @ 0.4 g/t |
ABPC25-375 | 224.4 | 228.5 | 4.1 | 0.6 | 4.1m @ 0.6 g/t |
ABDD25-381 | 198.6 | 203.0 | 4.4 | 0.5 | 4.4m @ 0.5 g/t |
ABDD25-377 | 203.0 | 206.0 | 3.0 | 0.7 | 3.0m @ 0.7 g/t |
Notes: |
1. Intervals reported are hole lengths with true width estimated to be |
2. Intervals are not top cut and are calculated with the assumptions of > 0.5 g/t and < 3m of internal waste. |
3. All samples are taken from diamond core. |
Qualified Person and QA/QC
Chris Pettman, P. Geo, Vice President Exploration of Galiano, is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pettman is responsible for all aspects of the work, including the Data Verification and Quality Control/Quality Assurance programs and has verified the data disclosed, by reviewing all data and supervising its compilation. There are no known factors that could materially affect the reliability of data collected and verified under his supervision. No quality assurance/quality control issues have been identified to date. Mr. Pettman is not independent of Galiano.
Certified Reference Materials and Blanks are inserted by Galiano into the sample stream at the rate of 1:14 samples. Field duplicates are collected at the rate of 1:30 samples. All samples have been analyzed by Photon assay by Intertek Minerals Ltd. ("Intertek") in Tarkwa,
Contact Information
Krista Muhr
Toll-Free (N. America): 1-855-246-7341
Telephone: 1-778-239-0446
Email: info@galianogold.com
About Galiano Gold Inc.
Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The Company owns and operates the Asanko Gold Mine, which is located in
Cautionary Note Regarding Forward-Looking Statements
Certain statements and information contained in this news release constitute "forward-looking statements" within the meaning of applicable
Forward-looking statements in this news release include, but are not limited to statements regarding the Company's expectations and timing with respect to current and planned drilling programs at Abore, and the results thereof; the potential to optimize and/or expand the Abore Reserve pit and the resulting impact on mineral reserves and ore delivery; the Company's belief in the potential of Abore; and the Company's plans to update the mineral resources and mineral reserves and timing of release of production and cost guidance. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: development plans and capital expenditures; the price of gold will not decline significantly or for a protracted period of time; the accuracy of the estimates and assumptions underlying mineral reserve and mineral resource estimates; the Company's ability to raise sufficient funds from future equity financings to support its operations, and general business and economic conditions; the global financial markets and general economic conditions will be stable and prosperous in the future; the ability of the Company to comply with applicable governmental regulations and standards; the mining laws, tax laws and other laws in
The foregoing list of assumptions cannot be considered exhaustive.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and you are cautioned not to place undue reliance on forward-looking statements contained herein. Some of the risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements contained in this news release, include, but are not limited to: mineral reserve and mineral resource estimates may change and may prove to be inaccurate; metallurgical recoveries may not be economically viable; life of mine estimates are based on a number of factors and assumptions and may prove to be incorrect; actual production, costs, returns and other economic and financial performance may vary from the Company's estimates in response to a variety of factors, many of which are not within the Company's control; inflationary pressures and the effects thereof; the AGM has a limited operating history and is subject to risks associated with establishing new mining operations; sustained increases in costs, or decreases in the availability, of commodities consumed or otherwise used by the Company may adversely affect the Company; adverse geotechnical and geological conditions (including geotechnical failures) may result in operating delays and lower throughput or recovery, closures or damage to mine infrastructure; the ability of the Company to treat the number of tonnes planned, recover valuable materials, remove deleterious materials and process ore, concentrate and tailings as planned is dependent on a number of factors and assumptions which may not be present or occur as expected; the Company's mineral properties may experience a loss of ore due to illegal mining activities; the Company's operations may encounter delays in or losses of production due to equipment delays or the availability of equipment; outbreaks of COVID-19 and other infectious diseases may have a negative impact on global financial conditions, demand for commodities and supply chains and could adversely affect the Company's business, financial condition and results of operations and the market price of the common shares of the Company; the Company's operations are subject to continuously evolving legislation, compliance with which may be difficult, uneconomic or require significant expenditures; the Company may be unsuccessful in attracting and retaining key personnel; labour disruptions could adversely affect the Company's operations; recoveries may be lower in the future and have a negative impact on the Company's financial results; the lower recoveries may persist and be detrimental to the AGM and the Company; the Company's business is subject to risks associated with operating in a foreign country; risks related to the Company's use of contractors; the hazards and risks normally encountered in the exploration, development and production of gold; the Company's operations are subject to environmental hazards and compliance with applicable environmental laws and regulations; the effects of climate change or extreme weather events may cause prolonged disruption to the delivery of essential commodities which could negatively affect production efficiency; the Company's operations and workforce are exposed to health and safety risks; unexpected costs and delays related to, or the failure of the Company to obtain, necessary permits could impede the Company's operations; the Company's title to exploration, development and mining interests can be uncertain and may be contested; geotechnical risks associated with the design and operation of a mine and related civil structures; the Company's properties may be subject to claims by various community stakeholders; risks related to limited access to infrastructure and water; risks associated with establishing new mining operations; the Company's revenues are dependent on the market prices for gold, which have experienced significant recent fluctuations; the Company may not be able to secure additional financing when needed or on acceptable terms; the Company's shareholders may be subject to future dilution; risks related to changes in interest rates and foreign currency exchange rates; risks relating to credit rating downgrades; changes to taxation laws applicable to the Company may affect the Company's profitability and ability to repatriate funds; risks related to the Company's internal controls over financial reporting and compliance with applicable accounting regulations and securities laws; risks related to information systems security threats; non-compliance with public disclosure obligations could have an adverse effect on the Company's stock price; the carrying value of the Company's assets may change and these assets may be subject to impairment charges; risks associated with changes in reporting standards; the Company may be liable for uninsured or partially insured losses; the Company may be subject to litigation; damage to the Company's reputation could result in decreased investor confidence and increased challenges in developing and maintaining community relations which may have adverse effects on the business, results of operations and financial conditions of the Company and the Company's share price; the Company may be unsuccessful in identifying targets for acquisition or completing suitable corporate transactions, and any such transactions may not be beneficial to the Company or its shareholders; the Company must compete with other mining companies and individuals for mining interests; the Company's growth, future profitability and ability to obtain financing may be impacted by global financial conditions; the Company's common shares may experience price and trading volume volatility; the Company has never paid dividends and does not expect to do so in the foreseeable future; the Company's shareholders may be unable to sell significant quantities of the Company's common shares into the public trading markets without a significant reduction in the price of its common shares, or at all; and the risk factors described under the heading "Risk Factors" in the Company's Annual Information Form.
Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking statements, you are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements included in, or incorporated by reference in, this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
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SOURCE Galiano Gold Inc.
FAQ
What were the key drilling results from Galiano Gold's (GAU) Abore Phase 2 program?
What are the current Mineral Resources at Galiano Gold's Abore deposit?
How many drill holes were completed in GAU's Abore Phase 2 program?
What are Galiano Gold's future exploration plans for Abore?
Where is the Abore deposit located and what is its geological setting?
