Galiano Gold Inc. has released results from independent metallurgical test work conducted on the Esaase deposit at the Asanko Gold Mine The AGM is a 50:50 joint venture (“JV”) with Gold Fields Ltd with the JV managed and operated by Galiano.

As previously announced on July 8, 2022, the Company reported encouraging results from the internal metallurgical assessment of 2,221 one-metre increments obtained from sixteen diamond drill holes completed in Q2 2022 at Esaase (see news release “Galiano Gold Provides Metallurgical and Operational Update at Asanko Gold Mine”).

Further to these internal results, an independent metallurgical test work program has now been completed. The program consisted of lab scale carbon-in-leach bottle roll tests conducted on a total of 8 bulk composites derived from mineralized drill core increments of the 2022 metallurgical drilling campaign.

The composites were selected to represent variations in lithological domains, oxidation states, visually logged carbon, and gold grade. Overall weighted average gold recoveries of 87% were achieved for the Esaase deposit. These results support past test work and are in-line with metallurgical recoveries previously assigned to the Esaase deposit

” We are pleased to have concluded this test work program and be in a position to provide clarity on metallurgical recoveries at Esaase,” said Matt Badylak, President and Chief Executive Officer.

“On the back of this program, in-house test work and recent plant optimizations, we can conclude that although a portion of the Esaase deposit is prone to lower recovery, the relative contribution of this material is not significant and can be effectively managed on a go forward basis. These results now pave the way to reinstate Mineral Reserves for the Asanko Gold Mine which will be described in the upcoming Feasibility Study Technical Report prepared in full by independent consultants. This work is progressing on schedule and is expected to be completed in Q1 2023.”

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.