Follow-up Drilling At Miradani Trend Extends Area Of Known Mineralisation
Galiano Gold Inc.(TSX: GAU) has intersected a number of gold intersections in its 2020 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 which is managed and operated by Galiano.
Following on from the successful exploration drilling programmes at Abore, Akwasiso and Nkran earlier in 2020, the focus of exploration drilling shifted in October to the Miradani trend, located approximately 10km south of the AGM processing plant.
A preliminary drilling campaign was conducted in April 2019 at the northern tip of the Miradani trend following on which the company has now completed a 12 hole, Phase 2 drilling programme and commenced a 50 hole Phase 3 drill programme at Miradani North (formerly known as Tontokrom).
This programme has been designed to confirm and expand knowledge of intercepts identified in the 2019 drill program. Phase 3 drilling is underway with 3 drill rigs and is designed to provide sufficient information and confidence for undertaking a resource estimate anticipated to be completed in Q1 2021.
Phase 2 and 3 Highlights to-date (drilled October/November 2020)
- Phase 2 – drilled 12 holes consisting of 3,785m total (596 m reverse circulation and 3189 m diamond drilling)
- Hole TTPC20-024 intersected 40m at 2.1 g/t gold from 86m
- Hole TTPC20-028 intersected 19m at 2.2 g/t gold from 287m
- Hole TTPC20-026 intersected 9m at 2.5 g/t gold from 302m
“Miradani is our top priority for exploration for the balance of 2020,” said Greg McCunn, Chief Executive Officer . “Current drilling has expanded earlier positive drill results and Phase 3 drilling is expected to provide us with sufficient data to carry out engineering studies and to fully evaluate Miradani North for development. In early 2021, we plan to start a campaign of step-out drilling to expand our knowledge of the 5km long trend that makes up the complete Miradani target.”
Miradani North is located at the northeast end of an approximately 5 km long zone of artisanal workings. It is also the site of a shallow historic open pit operation. Drilling at this site in 2019 revealed drill intercepts of interest.
Phase 2 drilling was designed to test mineralization at nominal 80m intervals and is now completed. A Phase 3 drilling programme has commenced to infill drill the Miradani North target at 40m intervals which management expects will provide sufficient data and confidence for a Resource Estimation.
Miradani North is situated approximately 10 km south of the Asanko Gold Mine’s 5.4 million tonne per annum processing plant and is part of the Miradani Mining Lease.
Gold mineralisation at Miradani North occurs in quartz veins and in association with silica flooding, arsenopyrite, and broader quartz-sericite-pyrite alteration. Spatially, mineralization is within and adjacent to granitic intrusions, with two apparently different types of intrusive bodies present.
Mineralisation appears to be a northwest dipping, subvertical mass.
Completion of the Phase 3 programme is designed to further clarify the extent and shape of mineralisation.