Galiano GOLD Announces Significant Drill Results from Abore, Including
GALIANO GOLD ANNOUNCES SIGNIFICANT DRILL RESULTS
FROM ABORE, INCLUDING
45m @ 12.4 g/t Au & 37m @ 10.6 g/t Au
Vancouver, British Columbia, March 11, 2024 – Galian o Gold Inc. (“Galiano” or the “Company”) (TSX,
NYSE American: GAU) is pleased to provide an update on the 2023 drilling results at Abore following
completion of an infill program at the Asanko Gold Mine (“AGM”), located in Ghana, West Africa. This drill
program is highlighted by the discovery of a new high grade zone in the southern portion of the deposit
and better than expected results spanning the entire 1,600 metre strike length of Abore.
The Abore infill drilling programme consisted of 84 holes totalling 22,470 metres. It was designed to
convert Inferred Mineral Resources below the current Mineral Reserve pit shell1 to the Indicated Mineral
Resource category and evaluate the potential to optimi ze and/or expand the pit. Earlier positive results
from this campaign were highlighted in a news rele ase “Galiano Gold Provides Asanko Gold Mine 2023
Exploration Program Update” (see press release dated October 25, 2023).
This program resulted in the discovery of a new high grade zone within the southern portion of Abore
which was intersected in four drill holes over approx imately 120 metres of strike length as shown in a
series of cross sections in Figures 2 to 5 below. Intercepts in this zone are amongst the best ever
intercepted at the AGM and include:
Hole ABPC23-224: 45 metres @ 12.4 g/t gold from 191m
Hole ABPC23-226: 37 metres @ 10.6 g/t gold from 199m
Hole ABPC23-239: 54 metres @ 3.3 g/t gold from 207m
Hole ABPC23-228: 41 metres @ 3.3 g/t gold from 191m
This new zone of mineralization is hosted primarily within the Abore granite and is characterized by
significant hydrothermal alteration along with high de nsity quartz veining, inte nse localized brecciation,
disseminated arsenopyrite and visible gold. It remains open along strike in both directions and is untested
at depth. A follow-up drill program is currently underway to test the extent of this zone.
Robust mineralization was also intersected across the deposit as demonstrated by the following
highlighted intercepts:
Hole ABPC23-246: 18 meters @ 8.2 g/t gold from 172m
Hole ABPC23-259: 24 meters @ 5.4 g/t gold from 263m
Hole ABPC23-223: 27 meters @ 4.2g/t gold from 246m
Hole ABPC23-228: 41 metres @ 3.3 g/t gold from 191m
Hole ABPC23-213: 20 meters @ 4.5 g/t gold from 166m
Hole ABPC23-241: 23 meters @ 3.8 g/t gold from 156m
Hole ABPC23-249: 19 meters @ 4.0 g/t gold from 273m
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“These excellent results demonstrate that Abore has significant upside potential beyond the current
Reserves,” stated Chris Pettman, Galiano’s Vice President of Exploration. “Seei ng significant intervals of
high grade gold along the entire 1,600 metre strike length of the deposit, and the discovery of the new
high grade south zone, gives us confidence that Abor e will continue to grow and add considerable value
to the AGM life of mine.”
Matt Badylak, Galiano’s President and Chief Executive Officer added, “The results of this program are
expected to affect the size and geometry of the Abore Reserve pit. The impact this will have on Mineral
Reserves and ore delivery in 2024 is currently being evaluated through pit optimization and redesign. The
Company plans to update Abore Mineral Resources and Mineral Reserves and provide 2024 production
and cost guidance following the completion of this work in April.”
Abore is located directly on the haul road approx imately 13 kilometres north of the AGM’s processing
plant and has current Measured and Indicated Resources of 477,000 ounces @1.16 g/t gold and Inferred
Resources of 131,000 ounces @1.14 g/t gold, as descri bed in the Technical Report entitled “NI 43-101
Technical Report and Feasibility Study for Asanko Gold Mine, Ghana” with an effective date of December
31, 2022, and is available on SEDAR+1.
The deposit sits along the Esaase shear corridor, whic h also hosts the Esaase deposit, and forms part of
the northeast striking Asankrangwa gold belt. The geology of the deposit 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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Figure 1: Plan map of Abore with high lighted drilling showing high grade inte rvals from 2023 drilling across entire
strike length of the Abore deposit.
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Figure 2: Cross section 1 showing location of mineralized intercepts in holes ABPC23-226 and ABPC23-248 below the
$1,800 MII shell at the southern end of Abore deposit.
Figure 3: Cross section 2 showing location of new high grade zone discovery in hole ABPC23-228.
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Figure 4: Cross section 3 showing locati on of new high grade zone discover y in hole ABPC23-224 and ABPC23-239
immediately below the $1,800 MII shell.
Figure 5: Cross section 4 showing current northern extent of new high grade zone discovery in hole ABPC23-239 as
well as string mineralization in hole ABPC23-218.
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Figure 6: Cross section 5 through southern portion of Abore main pit demonstrating significant minerlization
intercepted within and immediately below the $1,800MII shell in holes ABPC23-214 and ABPC23-223
Figure 7: Cross section through Abore main pit demonstrating significant minerlization intercepted within and below
the $1,800MII shell in holes ABPC23-193, ABPC23-206 and ABPC23-259.
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Figure 8: Cross section 7 through northern Abore pit showing mineralized intervals below the current Reserve pit and
within the $1,800MII shell in holes ABPC23-203 and ABPC23-246, demonstrating high grade minerlization is present
at depth along the entire length of the Abore deposit.
Table 1: 2023 Abore drilling intercepts table2,3
Hole ID From (m) To (m) Width (m) Grade
(g Au/t)
Intercept Description
ABPC23-224 191.0 236.0 45.0 12.44 45.0m @ 12.44
ABPC23-226 199.0 236.0 37.0 10.58 37.0m @ 10.58
ABPC23-239 207.0 261.0 54.0 3.29 54.0m @ 3.29
ABPC23-246 172.0 190.0 18.0 8.21 18.0m @ 8.21
ABPC23-228 191.0 232.0 41.0 3.28 41.0m @ 3.28
ABPC23-259 263.0 287.0 24.0 5.35 24.0m @ 5.35
ABPC23-223 245.9 273.3 27.4 4.2 27.4m @ 4.2
ABPC23-213 165.7 185.4 19.7 4.53 19.7m @ 4.53
ABPC23-241 156.0 179.0 23.0 3.76 23.0m @ 3.76
ABPC23-249 273.0 292.4 19.4 4.04 19.4m @ 4.04
ABPC23-190 278.0 314.0 36.0 2.12 36.0m @ 2.12
ABPC23-252 281.7 319.7 38.0 1.8 38.0m @ 1.8
ABPC23-211 223.0 263.8 40.8 1.63 40.8m @ 1.63
ABPC23-266 217.0 246.5 29.5 1.95 29.5m @ 1.95
ABPC23-229 269.5 291.0 21.5 2.64 21.5m @ 2.64
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ABPC23-264 96.1 102.1 6.0 9.32 6.0m @ 9.32
ABPC23-254 209.0 223.2 14.2 3.93 14.2m @ 3.93
ABPC23-256 197.0 226.0 29.0 1.88 29.0m @ 1.88
ABPC23-189 225.9 247.0 21.1 2.56 21.1m @ 2.56
ABPC23-193 279.5 297.8 18.3 2.92 18.3m @ 2.92
ABPC23-243 174.7 184.7 10.0 5.26 10.0m @ 5.26
ABPC23-198 300.9 304.0 3.1 16.88 3.1m @ 16.88
ABPC23-215 213.0 240.2 27.2 1.92 27.2m @ 1.92
ABPC23-208 199.0 206.0 7.0 7.24 7.0m @ 7.24
ABPC23-237 151.0 163.0 12.0 4.19 12.0m @ 4.19
ABPC23-197 310.0 321.9 11.9 4.23 11.9m @ 4.23
ABPC23-214 204.0 217.0 13.0 3.62 13.0m @ 3.62
ABPC23-198 246.6 253.8 7.3 6.33 7.3m @ 6.33
ABPC23-257 197.0 229.0 32.0 1.42 32.0m @ 1.42
ABPC23-194 247.4 265.4 18.1 2.5 18.1m @ 2.5
ABPC23-186 194.0 208.5 14.5 2.78 14.5m @ 2.78
ABPC23-212 243.0 257.0 14.0 2.85 14.0m @ 2.85
ABPC23-256 181.2 190.0 8.8 4.45 8.8m @ 4.45
ABPC23-210 158.0 183.0 25.0 1.55 25.0m @ 1.55
ABPC23-248 234.0 260.0 26.0 1.48 26.0m @ 1.48
ABPC23-194 287.0 314.0 27.0 1.4 27.0m @ 1.4
ABPC23-219 190.0 209.0 19.0 1.72 19.0m @ 1.72
ABPC23-222 314.6 319.7 5.1 6.27 5.1m @ 6.27
ABPC23-190 350.0 356.4 6.4 4.73 6.4m @ 4.73
ABPC23-278 196.3 229.0 32.7 0.91 32.7m @ 0.91
ABPC23-225 293.7 306.5 12.9 2.27 12.9m @ 2.27
ABPC23-221 185.0 215.0 30.0 0.95 30.0m @ 0.95
ABPC23-253 226.0 244.6 18.6 1.42 18.6m @ 1.42
ABPC23-222 280.5 299.8 19.2 1.37 19.2m @ 1.37
ABPC23-242 188.2 203.0 14.8 1.65 14.8m @ 1.65
ABPC23-235 225.0 244.0 19.0 1.25 19.0m @ 1.25
ABPC23-202 192.0 208.0 16.0 1.46 16.0m @ 1.46
ABPC23-203 79.0 101.0 22.0 1.01 22.0m @ 1.01
ABPC23-226 240.0 245.0 5.0 4.34 5.0m @ 4.34
ABPC23-231 300.5 315.1 14.5 1.47 14.5m @ 1.47
ABPC23-191 306.0 326.0 20.0 1.05 20.0m @ 1.05
ABPC23-192 201.7 216.7 15.0 1.38 15.0m @ 1.38
ABPC23-254 192.7 198.0 5.3 3.81 5.3m @ 3.81
ABPC23-265 186.2 201.6 15.4 1.3 15.4m @ 1.3
ABPC23-203 147.0 177.0 30.0 0.64 30.0m @ 0.64