Announcement Date: 2022-03-29
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Galiano Gold Inc.
Project name: Asanko Gold Mine
Location: Ghana
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Galiano Gold Inc. (the “Company” or “Galiano Gold”) is a gold mining company listed on the TSX and NYSE, with headquarters at 1640-1066 West Hastings Street, Vancouver, British Columbia (https://www.galianogold.com/). The Company’s flagship project is the jointly owned Asanko Gold Mine (“AGM”). Galiano Gold and Gold Fields Limited (JSE & NYSE: GFI) jointly each own a 45% interest in Asanko Gold Ghana Limited (“AGGL”), with the Government of Ghana retaining a 10% free-carried interest. The AGM concessions are owned 100% by Asanko Gold Ghana Limited. The AGM is a large scale, multi-deposit gold asset, which is managed and operated by Galiano Gold. The mine was built in 2015, with first gold poured in January 2016, and commercial production commencing in April 2016. The AGM has produced an average of approximately 230,000 ounces (oz) of gold per year between 2017 to 2021 and had a record gold production of approximately 251,000 ounces in 2019. AGGL holds the largest land package on the highly prospective and underexplored Asankrangwa Gold Belt.
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