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Galiano Announces Acquisition of Exploration Properties in Mali
Galiano Announces Acquisition of Exploration Properties in Mali Canada NewsWire...
About this update from Galiano Gold, Inc.
[{"type":"text","content":"\n \n \n \n Galiano Announces Acquisition of Exploration Properties in Mali\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n (All dollar amounts are\n \n United States\n \n dollars unless otherwise stated)\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n May 3, 2021\n \n /CNW/ -\n \n Galiano Gold Inc. (\"Galiano\" or the \"Company\")\n \n (TSX: GAU), (NYSE American: GAU) announces that it has acquired 100% of ABG Mali Exploration SARL (\"ABG Mali\") from a subsidiary of\n \n Barrick Gold\n \n for consideration paid of\n \n US$1.5 million\n \n . The ABG Mali property covers over 167 km\n \n 2\n \n and includes four exploration licenses.\n \n \n The ABG Mali property is strategically located on the Senegal Mali Shear Zone (\"SMSZ\"), host to  established gold deposits, including Loulo-Gounkoto and Fekola to the south and Sadiola and Yatela to the north.\n \n \n A review of historical work including previous drilling and six multi-km gold-in-soil trends is underway. A soil sampling campaign is planned for this year, together with UAV borne geophysical surveys planned for later in 2021, to assist in drill targeting scheduled for 2022.\n \n \n \n \"Acquiring the ABG Mali properties is a small but meaningful step for Galiano. We believe that the properties have a lot of promise including several attractive intercepts from previous drilling,\"\n \n \n said\n \n Greg McCunn\n \n , Chief Executive Officer. \"Including Asumura, we now have two greenfield projects, both of which are located in prospective geological regions.\"\n \n \n \n \n ABG Mali Property Description\n \n \n \n The ABG Mali property is located in south-west\n \n Mali\n \n , near the\n \n Senegal\n \n border (see\n \n Figure 1\n \n ). The property is located at the top of greenstone belts where gold deposits commonly occur. There are widespread tarkwaian equivalent rocks on site as well as known gold occurrences and artisanal workings.\n \n \n \n ABG Mali Geology\n \n \n \n The ABG Mali concessions straddle the SMSZ, a major crustal scale terrane boundary that plays ho...