Galiano Gold (GAU) Reports Promising Results from Deep Drilling

Galiano Gold Inc. (NYSEAMERICAN:GAU) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On July 14, Galiano Gold Inc. (NYSEAMERICAN:GAU) reported positive results from a deep drilling program at the Abore deposit. The deep step-out drilling program consisted of four holes covering a strike length of 1,200 meters.

The Abore deposit is a key part of the Asanko Gold Mine, which is located in Ghana, West Africa. Galiano Gold Inc. (NYSEAMERICAN:GAU) is currently mining the Asanko Gold Mine. The recent drilling included four holes totaling 1,907 meters and was intended to check if gold mineralization continues far below the existing mining areas.

Galiano Gold (GAU) Reports Promising Results from Deep Drilling

An aerial view of Asanko Gold Mine in Ghana, West Africa.

This drilling program showed that the Abore deposit has the potential to expand deeper and provides a foundation for future deep drilling programs to look for mineralization beyond the current boundaries of known gold reserves and resources.

According to the report by Galiano Gold Inc. (NYSEAMERICAN:GAU), the results of the Abore deep drilling program confirmed that the Abore granite and mineralizing system extends at least 200 meters below the current pit area along a length of 1,200 meters and is still open in all directions. The system seems to carry grades and widths at these depths promising enough to support the potential development of underground mining in the future.

Galiano Gold Inc. (NYSEAMERICAN:GAU) is a mining company focused on gold production, exploration, and development. The company owns and operates the Asanko Gold Mine in Ghana, West Africa.

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Disclosure: None. This article is originally published at Insider Monkey.