Galiano Gold (GAU) Reports High-Grade Drilling Results and Expands 2026 Exploration Budget

Galiano Gold Inc. (NYSEAMERICAN:GAU) is one of the most undervalued gold stocks to buy according to analysts. On January 29, Galiano Gold reported positive results from its 2025 drilling program at the Abore deposit within the Asanko Gold Mine in Ghana, confirming the expansion of high-grade mineralization up to 200 meters below previous drill holes. Significant intercepts from this 11,000-meter campaign include 14.2 g/t gold over 15 meters and 4.4 g/t gold over 30 meters, demonstrating strong continuity across the South, Main, and North pits.

These findings indicate that the Abore mineralizing system is larger than previously estimated and remains open at depth, which will be a key factor in the maiden underground Mineral Resource estimate scheduled for release in February 2026. Building on this success, the company has approved a $17 million exploration budget for 2026, with an aggressive 30,000-meter drilling program planned specifically for Abore. This upcoming phase aims to further grow the underground resource and upgrade categories to support a potential maiden underground Mineral Reserve in 2027.

In other news, on January 26, Scotiabank raised the firm’s price target on Galiano Gold Inc. (NYSEAMERICAN:GAU) to C$4.75 from C$3.50 and maintained a Sector Perform rating.

Galiano Gold Inc. (NYSEAMERICAN:GAU) is a mining, development, and exploration company. It owns a 90% interest in the Asanko Gold Mine located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa.

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