GAU Galiano GOLD TSX/NYSE Great buy for ST re-rate

[JBmurc]

GAU continues to surge even with GOLD down a good few dollars ... C$1.41 TSX ... (days high $1.46)

to think late last year 70c-90c

[JBmurc]

Robust mineralization was also intersected across the deposit as demonstrated by the following highlighted intercepts:

Hole ABPC23-246: 18 meters @ 8.2 g/t gold from 172m

Hole ABPC23-259: 24 meters @ 5.4 g/t gold from 263m

Hole ABPC23-223: 27 meters @ 4.2g/t gold from 246m

Hole ABPC23-228: 41 metres @ 3.3 g/t gold from 191m

Hole ABPC23-213: 20 meters @ 4.5 g/t gold from 166m

Hole ABPC23-241: 23 meters @ 3.8 g/t gold from 156m

Hole ABPC23-249: 19 meters @ 4.0 g/t gold from 273m

"These excellent results demonstrate that Abore has significant upside potential beyond the current Reserves," stated Chris Pettman, Galiano's Vice President of Exploration. "Seeing significant intervals of high grade gold along the entire 1,600 metre strike length of the deposit, and the discovery of the new high grade south zone, gives us confidence that Abore will continue to grow and add considerable value to the AGM life of mine."

Matt Badylak, Galiano's President and Chief Executive Officer added, "The results of this program are expected to affect the size and geometry of the Abore Reserve pit. The impact this will have on Mineral Reserves and ore delivery in 2024 is currently being evaluated through pit optimization and redesign. The Company plans to update Abore Mineral Resources and Mineral Reserves and provide 2024 production and cost guidance following the completion of this work in April."

Abore is located directly on the haul road approximately 13 kilometres north of the AGM's processing plant and has current Measured and Indicated Resources of 477,000 ounces @1.16 g/t gold and Inferred Resources of 131,000 ounces @1.14 g/t gold, as described in the Technical Report entitled "NI 43-101 Technical Report and Feasibility Study for Asanko Gold Mine, Ghana" with an effective date of December 31, 2022, and is available on SEDAR+1.

The deposit sits along the Esaase shear corridor, which also hosts the Esaase deposit, and forms part of the northeast striking Asankrangwa gold belt. The geology of the deposit is characterized by a sedimentary sequence composed primarily of siltstones, shales and thickly bedded sandstones that has been intruded by a granite which lies parallel to the shear and dipping steeply to the northwest. The majority of mineralization is constrained to the granite, hosted in west dipping quartz vein areas developed primarily along the eastern margin of the granite/sediment contact.