Galiano rises as co buys exploration properties in Mali, gold prices jump

Galiano Gold

03/05/2021 15:03

** Shares in Galiano Gold Inc  GAU.TO  rise 5.4% to C$1.67,
set for a fourth session of gains
    ** Galiano buys 100% of ABG Mali Exploration SARL (ABG Mali)
from a subsidiary of Barrick Gold  ABX.TO  for $1.5 mln
    ** The ABG Mali property includes four exploration licenses,
and is strategically located on the Senegal Mali Shear Zone,
host to established gold deposits, including Loulo-Gounkoto and
Fekola to the south and Sadiola and Yatela to the north
    ** "Including Asumura, we now have two greenfield projects,
both of which are located in prospective geological regions,"
CEO Greg McCunn says
    ** Additionally, helping the stock, gold prices firmed on
Monday, as the U.S. dollar pulled back  GOL/ 
    ** GAU shares up ~15% YTD

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))