GALIANO GOLD REPORTS EXCEPTIONAL DRILL RESULTS AT ABORE, INCLUDING 23m @ 6.8 g/t Au AND 16.4m @ 5.3 g/t Au, WITH MULTIPLE ORE SHOOTS AND NEW HIGH-GRADE ZONE IDENTIFIED
Executive Summary
- Galiano Gold announced exceptionally high‑grade intercepts from the Abore Phase 2 drilling program, including a flagship 23 m @ 6.8 g/t Au (Hole ABDD25‑388) and 16.4 m @ 5.3 g/t Au (Hole ABDD25‑384).
- Multiple additional high‑grade shoots were intersected across the Abore South, Main and newly discovered North zones, expanding a known ore shoot to ~400 m strike length and confirming continuity of mineralization both laterally and at depth.
- The Phase 2 program is ~75 % complete, on budget and ahead of schedule; results support an expanded 2025‑2026 drilling campaign aimed at growing the Inferred and Indicated Mineral Resources and evaluating underground potential.
Key Details
- Flagship Intercepts
- Hole ABDD25‑388: 23 m @ 6.8 g/t Au from 240 m (Abore North, new high‑grade zone).
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Hole ABDD25‑384: 16.4 m @ 5.3 g/t Au from 189 m (saddle area between South & Main pits).
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Other Notable High‑Grade Intercepts
- 30.6 m @ 2.9 g/t Au (incl. 17 m @ 4.5 g/t) – Hole ABDD25‑380.
- 46 m @ 1.7 g/t Au (incl. 13 m @ 2.8 g/t) – Hole ABDD25‑374.
- 40 m @ 2.1 g/t Au (incl. 12 m @ 3.8 g/t) – Hole ABDD25‑376.
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44.8 m @ 2.0 g/t Au (incl. 17 m @ 3.3 g/t) – Hole ABPC25‑368.
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Ore Shoot Development
- A low‑angle, north‑plunging ore shoot now traced over ~400 m strike length across the saddle zone and extending beneath Abore Main pit.
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Continuous mineralization confirmed in both “saddle” area and under the South pit, with multiple intercepts >2 g/t Au over lengths of 17–46 m.
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Phase 2 Program Status
- Target: ~10,000 m over 40 holes; 31 holes assayed to date.
- Drilling is ~75 % complete, under budget and ahead of schedule.
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Remaining 9 holes (South, Main, North) pending completion/assay.
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Future Plans
- Expansion of the 2025 drilling campaign into 2026 to increase density beneath current resources, with goal of converting Inferred to Indicated resources and testing underground potential.
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Focus on “saddle” zone, north‑plunge ore shoot, and extensions under Abore North pit.
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Resource Context (as of Dec 31 2024)
- Measured & Indicated: 638,000 oz Au @ 1.24 g/t.
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Inferred: 78,000 oz Au @ 1.17 g/t.
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Qualified Person – Chris Pettman, P.Geo., VP Exploration, has reviewed and approved the technical information per NI 43‑101.
Notable Quotes
“We are excited to see consistent high‑grade zones intercepted below the current resource shell at grades significantly above the average grade of the existing mineral resource,” – Matt Badylak, President & CEO.
“These results validate our exploration strategy and strengthen our confidence in Abore as we advance with expanded drill programs targeting both open pit extensions and underground potential.” – Chris Pettman, VP Exploration.