Soil Sampling And Geological Mapping Underway In Ghana
Galiano Gold Inc.(TSX: GAU) has commenced exploration work on its 100% owned Asumura property in Ghana.
Asumura is located along the western boundary of the Sefwi greenstone belt, approximately 65 km south west and along strike from Newmont’s Ahafo mine.
CEO, Greg McCunn, said a programme of soil sampling and geological mapping is currently underway, with a view to targeting follow up drilling later in 2021.
“The Asumura property has not received much attention from us over the past several years as we have focused on operating the Asanko Gold Mine. This year, we are excited to begin field work to explore this opportunity to create value for Galiano shareholders through exploration,” Mr McCunn said.
“The project is at an early stage, but we believe its location and geological setting make it an attractive greenfield target.”
The Asumura property is situated along the northwestern margin of the Sefwi Belt along strike from Newmont’s Ahafo series of gold deposits. The local geological setting and north-easterly trending structures and cross structures result in multiple areas of exploration interest on a large land package,
The property consists of the Asumura, Fosukrom and Pomaakrom concessions and covers a total of approximately 247.0 sq km:.
- The Asumura concession covers approximately 82.1 sq. km and is located on the western edge of the newly created Ahafo Region in Ghana.
- The Fosukrom concession covers approximately 62.2 sq. km and is located on the eastern edge of the newly created Western North Region in Ghana, within the Bia district.
- The Pomaakrom concession covers approximately 102.7 sq. km and is located in between the Asumura and Fosukrom concessions and straddles the Western North and Ahafo regions.