05:26 PM EDT, 03/11/2024 (MT Newswires) -- Galiano Gold Inc. ( GAU ) after trade Monday provided an update on the 2023 drilling results at Abore following completion of an infill program at the Asanko Gold Mine, located in Ghana, West Africa. According to a statement, 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.

Monday's statement noted 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 shell to the Indicated Mineral Resource category and evaluate the potential to optimize and/or expand the pit. Earlier positive results from this campaign were highlighted in a news release on October 25, 2023.

GAU said 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 approximately 120 metres of strike length as shown in a series of cross sections. Intercepts in this zone are amongst the best ever intercepted at the AGM, it added.

GAU said "robust" mineralization was also intersected across the deposit.

"These excellent results demonstrate that Abore has significant upside potential beyond the current reserves," said Chris Pettman, Galiano's Vice President of Exploration. "Seeing 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 Abore 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."