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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

Post by nozzpackon Feb 26, 2024 3:53pm
94 Views
Post# 35899930

Damang Stockpile Gold reserves

Damang Stockpile Gold reservesThe 2022 Stockpile Reserve estimates for Damang was 219,000 ounces at an average grade of 0.67 grams per ton and a recovery rate of 91.5 %.

At that point, there was one year of commercial reserve mining left, after which it was projected that it would take 2 years....2024-2035--- to process the stockpile .

There is also a Reinvestment requirement to find new exploration resources for Damang but GF has invested only very modest funds todate .

So, those are the facts that have emerged from my Research .

I consider our chances to acquire Damang to be signifucant ..
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