Galiano Gold Inc (GAU) Announces New Drilling Results from Abore Project

Galiano Gold Inc. (NYSEAMERICAN:GAU) is one of the Best Rising Penny Stocks to Buy According to Hedge Funds. On August 20, Galiano Gold Inc. (NYSEAMERICAN:GAU) announced new drilling results from its Abore project at the Asanko Gold Mine in Ghana.

Management noted that the Phase 2 drilling program found several new high-grade gold zones in the Abore South and Main areas. Notably, a new significant high-grade discovery was made at Abore North, which lies below the current mineral resources. Some of the highlights from the discovery include 6.8 grams per tonne over 23 meters and 5.3 grams per tonne over 16.4 meters. Management believes that these findings will help expand the open-pit resources quickly, offering the company promising targets for further exploration.

Galiano Gold Inc. (NYSEAMERICAN:GAU) operates the Asanko Gold Mine in Ghana, which includes multiple open-pit gold deposits and a processing plant.

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Disclosure: None. This article is originally published at Insider Monkey.