tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Galiano Gold reports ‘positive’ results from drilling program at Abore deposit

Galiano Gold (GAU) announced positive results from a deep step-out drilling program at the Abore deposit, with mineralization intercepted in all four holes across a 1,200 meters strike length. This drilling campaign reinforces Abore’s expansion potential at depth and provides a foundation for future deep drilling programs to further test for mineralization below the boundaries of the current Mineral Reserve and Mineral Resource. Abore is a cornerstone deposit at the Asanko Gold Mine, located in Ghana, West Africa, and is currently being mined by the company. The completed Abore deep step-out drilling program consisted of four holes totalling 1,907m and was designed to test for continuity of mineralization significantly below the current Abore Mineral Reserve and Mineral Resource and to demonstrate the blue-sky potential for future Mineral Resource and Mineral Reserve expansion. The program confirmed the Abore granite and mineralizing system continues 200m below the current Mineral Reserve pit shell over a strike length of at least 1,200m and remains open in all directions. Notably, the system appears to carry grades and widths at these depths sufficient to support the potential development of bulk underground mining.

Elevate Your Investing Strategy:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1