Galiano Gold announced on May 3, 2021, the acquisition of all the shares of ABG Mali, a subsidiary of Barrick Gold, for an amount of 1.5 million USD. This acquisition comes after the launch of its first exploration work at the Asumura project in Ghana.
The ABG Mali property covers more than 167 km² and includes four exploration permits, according to a statement from the company which currently operates and manages the Asanko gold mine (Ghana), jointly owned with Gold Fields Ltd. This new acquisition “is a small but significant step for Galiano. We believe the properties hold great promise, including several interesting intersections from previous drilling, ”said Greg McCunn, General Manager.
According to the mining company, a review of historical work, including previous drilling and six gold trends in the ground over several kilometers, is underway. A soil sampling campaign is planned this year, she said, as well as geophysical drone surveys scheduled for later in 2021, to help target drilling planned for 2022.
As a reminder, the new Malian concession of Galiano Gold is located in southwestern Mali, near the Senegalese border and in the same area as the Loulo-Gounkoto, Fekola and Yatela gold mines. “The property sits atop greenstone belts where gold deposits are commonly found. There are Tarkwaian equivalent rocks widespread on the site as well as known gold showings and artisanal mining, ”the company said.