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Galiano Gold Inc T.GAU

Alternate Symbol(s):  GAU

Galiano Gold Inc. is a Canada-based company, which owns the Asanko Gold Mine, which is located in Ghana, West Africa. The Asanko Gold Mine is a multi-deposit complex, with four main open-pit mining areas: Abore, Miradani North, Nkran and Esaase, and multiple satellite deposits, situated on the Asankrangwa Gold Belt, and a 5.8 metric tons per annum carbon-in-leach processing plant. The Asanko Gold Mine holds the land package within the belt, with over 21,000 hectares of tenure on this prospective and under-explored portion of central Ghana. The Abore is located along the haulage road between Obotan and Esaase, over 15 kilometers north of the mill. Miradani North is designed to be mined in two phases to help advance the high-grade ore and manage relocation costs associated with the Tontokrom village to the south. The Asankrangwa gold belt is located within the Kumasi basin. Its subsidiaries are Galiano Gold South Africa (PTY) Ltd, Galiano International (Isle of Man) Limited and others.


TSX:GAU - Post by User

Bullboard Posts
Post by bargainhunter6on May 31, 2017 3:44pm
335 Views
Post# 26307670

One claim that is inaccurate

One claim that is inaccurate

FYI: Muddy Waters references the geologic interpretation of the Nkran pit which Asanko currently is mining from and claims Asanko is using $2,000 gold to boost its measured resources. However, the $2,000/oz gold price is for designing the pit shell around the entire gold deposit and uses measured and indicated resources.

Slide 22 of Asanko’s February 2017 technical presentation states it uses $1,300/oz to adjust its pit design parameters for calculating Nkran’s proven and probable reserves which are located within the Nkran pit. 

I wouldn't be surprised if Muddy Waters hired that law firm to investigate Asanko

Bullboard Posts