Galiano Gold Inc T.GAU

Gold Fields Selling Assets….Damang Mine next ?

[nozzpack]

Recently, GF also sold their interests in Rusoro.

Now that GF 45% interest in Asante has closed, one wonders why they would not sell to GAU the Damang mine which has just finished mining , with the final two years just mining the stockpiles 

There are however signifucant exploration opportunities for the Damang mine , as indeed there almost always are for this large concession in Ghana .

So, why would Asante hang around in Ghana until 2025 when they have their 20% puppy ..GAU..eager to take the Damang rump and explore its new deposit opps..

[matt2018]

great idea nozz..... GF could leave the drilling costs to GAU and share in any upside with their 20% ownnership.  GF wouldnt need to incur any further costs. The purchase price could be a Net Smelter Royalty % agreement to GF, so no upfront cash cost to GAU as long as they spend x amount on exploration.

[nozzpack]

I notice that GF has placed Tarkwa under full contract mining, Ashanta is sold to GAU which means that Ghana is now hands free except for Danang . Nothing is certain, but Galiano looks like the perfect solution for GF to have its Damang cake and eat it too..