#Canada #Vancouver #Galiano Gold #Asanko Gold Mine #Abore Deposit

Galiano Gold Announces New High-Grade Zone Discovery

Galiano Gold Inc. has recently provided a significant update regarding its exploration efforts at the Abore deposit, a key area situated in West Africa as part of the Asanko Gold Mine (AGM). On May 5, 2025, the company shared details of their infill drilling program, which has uncovered a promising new high-grade mineralization zone. This discovery is particularly exciting as it sits just below the current mineral reserve pit design at the Abore Main Pit, suggesting that further explorative efforts may yield even greater results.

Details of the Discovery

The 2025 infill drilling initiative consisted of 26 holes totaling 5,543 meters. The primary objectives were to enhance confidence in the existing mineral reserve model and explore continuations of mineralization beneath the current mining boundaries. Among the notable findings was hole ABPC25-346, which reported an impressive intercept of 50 meters at 3.2 grams per tonne (g/t) gold, obtained from a depth of 100 meters. This indicates not only a robust mineralization but also opens new avenues for future drilling initiatives aimed at deeper explorations.

Additional drill results from the Abore South area revealed multiple high-grade intervals showcasing promising grades, confirming the mineral resource model's predictions. For instance, hole ABPC25-315 recorded 34 meters at 12.0 g/t Au and hole ABPC25-328 yielded 29 meters at 3.8 g/t Au from several intervals, indicating significant mineral continuity in this region. These results lend substantial support to the existing model, highlighting the Abore deposit as a potentially pivotal gold source.

Implications of the Findings

Chris Pettman, Galiano's Vice President of Exploration, noted the discovery's implications for future mining efforts, stating, "The identification of a new high-grade zone beneath Abore Main highlights the growth potential of this project." He emphasized that the mineralization remains open at depth along the entire 1,600-meter strike length, suggesting that the current understanding of the mineralizing systems in place at Abore may be overly conservative.

Matt Badylak, the President and CEO of Galiano, echoed these sentiments, highlighting the promising prospects for not only expanding current mining operations but also transitioning towards a higher-grade underground operation through ongoing explorations. The company aims to establish its first underground resource at the AGM by 2025, with these findings positioning Abore, along with Nkran, as vital candidates for extending the mine's operational life and sourcing high-grade mill feeds.

Background on Abore

The Abore deposit, located roughly 13 kilometers north of the AGM's processing facility, has been previously assessed to hold 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 based on the latest updates effective December 31, 2024. The geology of Abore is defined by a complex sedimentary composition, mainly consisting of siltstones, shales, and sandstones that have been intruded by granite, providing a conducive environment for gold mineralization.

Conclusion

With Galiano Gold Inc.'s recent discoveries at the Abore deposit, the mining sector stands on the edge of potential transformative growth. The combination of high-grade intercepts and tectonic assurance about the deposit's continuity emphasizes the viability of these newfound resources, paving the way for successful exploration endeavors in the future. Investors and stakeholders alike will be monitoring these developments closely as Galiano continues to refine and expand its operations in the mining-rich region of Ghana.