VANCOUVER, BC, Aug. 25, 2022 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to provide an update of drilling results at Nkran following the completion of an infill drilling program at the Asanko Gold Mine ("AGM"), located in Ghana. The AGM is a 50:50 joint venture ("JV") with Gold Fields Ltd (JSE, NYSE: GFI), with the JV managed and operated by Galiano.

Effective February 28, 2022, Nkran has a Mineral Resource Estimate of 12.1 Mt at 2.09 g/t for 814 kozs indicated and 1.3 Mt at 2.23 g/t for 96 kozs inferred. The 2022 infill drilling program was designed to enhance confidence in the indicated Mineral Resource and explore for potential extensions of mineralization at Nkran.

Drilling has intercepted several high-grade intervals within and below the resource shell as described in National Instrument 43-101 Technical Report for the Asanko Gold Mine, Ashanti Region, Ghana, effective date February 28, 20221 and confirms continuity of mineralization within areas where higher levels of confidence were warranted. Results are currently being incorporated into an updated Mineral Resource Estimate which is expected to support an updated Mineral Reserve Estimate anticipated in Q1 2023.

Nkran Infill Drilling Highlights

24 diamond drill holes totalling 8,116m have been drilled at Nkran in 2022. Highlighted intercepts include:

Hole NKDD22-100: 16 meters @ 47.3 g/t gold from 13.6m and 41 meters @ 3.0 g/t gold from 135.4m
Hole NKDD22-099: 11 meters @ 27.6 g/t gold from 259m
Hole NKDD22-083: 49 meters @ 3.4 g/t gold from 261.7m and 58.50 meters @ 3.5 g/t gold from 336m
Hole NKDD22-086: 16 meters @ 5.4 g/t gold from 191m
Hole NKDD22-080: 45 meters @ 2.3 g/t gold from 107m
Hole NKDD22-105: 8 meters @ 10.4 g/t gold from 109m
Hole NKDD22-106: 59 meters @ 2.7 g/t gold from 330m
Nkran Overview (See Table 1 for full drilling results)

The Nkran pit is located immediately adjacent to the 5.8 million tonne per annum processing plant, and has historically yielded the highest average mined grades on the Asankrangwa Belt and contributed significant cash flows to the AGM. During the mining of cut 2, Nkran produced 15.2M tonnes at 1.63 g/t and reported metallurgical recoveries of 94%.

"We are encouraged by these results which demonstrate the continuity of high-grade mineralization below the previously mined portions of the Nkran deposit," said Matt Badylak President and Chief Executive Officer. "This deposit has historically yielded significant cash flows due to its proximity to the processing plant, elevated grade profile and favourable metallurgy. It is important to note that mineralization extends below the current resource shell and remains open at depth. Going forward, we anticipate Nkran to be a key deposit in our upcoming Life of Mine Plan and are excited to incorporate these latest drilling results into an updated Technical Report scheduled for release in Q1 2023."

Nkran Geology and Cross Sections

see & read more on
https://www.galianogold.com/news/news-details/2022/GALIANO-GOLD-PROVIDES-NKRAN-DRILLING-UPDATE/default.aspx