Galiano Gold Inc. reported a series of high‑grade gold intercepts from its 2025 Abore drilling program, which was completed in December 2025. The results, released on January 29, 2026, show that mineralization extends well below the current reserve pit, opening the door to a substantial underground resource expansion.
The drill data include a 30‑metre intercept at 4.4 g/t Au from 306 m, an 18‑metre intercept at 1.95 g/t Au from 282 m, a 34‑metre intercept at 2.0 g/t Au from 254 m, a 19‑metre intercept at 2.3 g/t Au from 247 m, and an 8‑metre intercept at 3.2 g/t Au from 287 m in the Abore South pit. In the Abore North pit, the company reported a 11‑metre intercept at 3.0 g/t Au from 480 m, a 15‑metre intercept at 3.4 g/t Au from 496 m, and a 27‑metre intercept at 2.5 g/t Au from 529 m. Step‑out drilling reached 200 m below previous holes, producing a 4‑metre intercept at 30.4 g/t Au from 500 m and a 26‑metre lower‑grade intercept from the same depth.
These findings confirm the continuity of high‑grade zones and demonstrate that the Abore mineralizing system extends far below the current pit shell. By extending the resource base underground, Galiano can potentially increase mine life and improve unit economics, as underground mining typically offers higher grades and lower operating costs than open‑pit operations. The company plans to incorporate these intercepts into its maiden underground mineral resource estimate, expected in February 2026, which will quantify the new potential and guide future development decisions.
Chris Pettman, Galiano’s Vice President of Exploration, said the results “conclude an extremely successful year of discovery at Abore in 2025 that has seen the deposit emerge as a key growth target for the Asanko operation.” The company’s management views the intercepts as a strategic win that will support a shift toward underground mining, aligning with its 30,000‑metre drilling program planned for 2026 to further expand the underground resource.
From a business perspective, the high‑grade intercepts strengthen Galiano’s resource profile at a time when the company has reported solid Q2 2025 financials, including increased net income and revenue driven by higher gold prices and sales volumes. Analysts note that while the company’s overall guidance remains cautious due to sustaining costs and a swing to trailing‑twelve‑month losses, the underground expansion at Abore provides a tailwind that could offset headwinds in the near term. The market reaction reflects a balanced view: investors recognize the upside potential of the underground resource while remaining mindful of the company’s current financial headwinds and the need for disciplined capital allocation.
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