Current Drilling Has Filled In And Expanded Earlier Positive Drill Results
Galiano Gold Inc.(TSX:GAU) continues to expand its understanding of the Miradani North prospect at its Asanko Gold Mine (AGM), located in Ghana, West Africa. AGM is a 50:50 joint venture (JV) with Gold Fields Ltd with the JV managed and operated by Galiano.
The Miradani North target is located approximately 10km 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, which 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 to define mineralisation at a 40m x 40m spacing has been underway for the past two months with three drill rigs in operation.
Phase 3 Highlights
- Drilling 80% complete with 28 holes consisting of 7,896m total (1,233m reverse circulation and 6,663m of diamond drill)
- Assays received for approximately 56% of the drilling to date with the remainder expected in February 2021.
“Miradani North continues to be our top exploration priority coming into 2021,” said Greg McCunn, Chief Executive Officer .
“Current drilling has filled in and expanded earlier positive drill results and completion of the Phase 3 programme is expected to provide us with sufficient data to carry out engineering studies and an initial resource estimate to allow us to fully evaluate Miradani North for development.
“When complete, we plan to commence a campaign of step-out drilling to expand our knowledge of the >5km long Miradani Trend that makes up the broader, Miradani target.”
Miradani North is located at the northeast end of an approximately five km long zone of artisanal workings. It is also the site of a shallow historic open pit operation and more recent artisanal workings. The shallow pit is currently flooded which limits drill access to the uppermost portions of the mineralised body.
Completion of the Phase 3 programme is designed to further clarify the extent and shape of mineralisation.
The initial drill plan was designed to test a postulated steeply dipping tabular mineralised body as occurs at other Asanko operations.
Early in the course of the Phase 3 programme, it became apparent that the mineralised zone is a different shape than the anticipated tabular structure.
A large (>250m x 150m x 200m) mineralised zone associated with the granitic intrusions appears to be associated with a gentle flexure in the mineralised trend.
Drill collar locations have been amended to reflect the indicated configuration of mineralisation yet retain the 40 x 40m data goal for intersection of mineralised material.
