Step-Out Drilling Continues To Add To AGM Picture
Galiano Gold Inc. (TSX: GAU) has achieved further drilling success in its exploration programme underway at the Asanko Gold Mine (AGM), located in Ghana, West Africa.
The AGM is a 50:50 joint venture (JV) with Gold Fields Ltd. with the JV managed and operated by Galiano.
Drilling at the Miradani North target within the AGM JV area, returned intersections such as 44.33m @ 2.04 g/t and 133.3m at 1.44 g/t.
The Miradani North target is strategically well located, approximately 10 km south of the Asanko Gold Mine’s processing plant on the Datano Mining Lease. A preliminary drilling campaign (Phase 1) was conducted in April 2019 and demonstrated encouraging widths of mineralisation and grade in multiple parallel zones.
A follow-up drill programme was completed in Q4 2020 (Phase 2) expanding upon the previous results. The Phase 3 programme of combined step-out and infill drilling was undertaken to better define mineralisation at a 40m x 40m spacing has been ongoing from late 2020.
“Miradani North continues to deliver exceptional drill results ,” said CEO, Greg McCunn.
“With mineralisation now shown to extend to a depth of 250m and still open, we have planned a further six strategic holes to be drilled in March to finalize the Miradani North drilling program ahead of an anticipated maiden resource estimate in Q3 2021.
“Importantly, we have also started the step-out drilling program to expand our knowledge of the more than 5km long trend that makes up the broader Miradani target.”
The Miradani North target is situated along the Fromenda shear zone, a laterally extensive structure recognized from airborne VTEM and magnetic surveys and extensively mapped on the ground. The Fromenda shear zone forms part of the prominent northeast striking Asankrangwa gold belt which hosts all nine of AGM’s gold deposits. Numerous historical geochemical anomalies and artisanal workings are associated with this feature, making it an attractive exploration target.
Gold mineralisation at Miradani North occurs in quartz veins and in association with silica flooding, pyrite, arsenopyrite, and traces of base metal sulphides, within a broader envelope of quartz-sericite-pyrite and carbonate alteration.
