Galiano Gold Inc. has announced initial positive drilling results testing the extension of mineralization at Nkran for underground mining potential at the Asanko Gold Mine in which all eight drilled holes intercepted mineralization.
The program consisted of two widely spaced (160m) pilot holes yielding eight directional diamond holes for a total of 5488m. Drilling intersected high-grade mineralization including 14 meters @ 4.56 g/t gold in hole NKDD22-090W1 and 7 meters @ 7.03 g/t gold in hole NKDD22-090W2 along a strike length of 160m at depths between 230m and 630m below the resource shell as described in the NI 43-101 Technical Report for the AGM filed on SEDAR.
Mineralization remains open in all directions, including the zone above this mineralization and below the bottom extents of previous infill resource drilling (see news release Galiano Gold provides Nkran drilling update dated August 25, 2022). Several mineralized intercepts indicate grades and widths that may be amenable to underground mining and additional drilling is currently being contemplated to follow-up on these initial results.
“It is encouraging to have intercepted mineralization with these grades and at depths well below the existing Mineral Resource at Nkran,” said Matt Badylak, President and Chief Executive Officer. “These results are the beginning of our work to understand the underground mining potential below the known Cut 3 Resource. The outcomes of this program are not only encouraging for Nkran but may also form an initial proof of concept for underground mining potential on the Asankrangwa Gold Belt.”
About Galiano Gold Inc.
Galiano is focused on creating a sustainable business capable of long-term value creation for its stakeholders through exploration and disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa which is jointly owned with Gold Fields Ltd. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighbouring communities.
