Galiano Gold Raises 2026 Exploration Budget to $17M After 14.2 g/t Drill Hit
Galiano Gold’s 2025 Abore drilling yielded high-grade intercepts of 14.2 g/t gold over 15 meters and 4.4 g/t over 30 meters, extending mineralization 200 meters deeper. The company increased its 2026 exploration budget to $17 million for a 30,000-meter program targeting a maiden underground resource estimate.
1. High-Grade Drilling Results
The 11,000-meter 2025 campaign at the Abore deposit returned intercepts of 14.2 g/t gold over 15 meters and 4.4 g/t over 30 meters, extending high-grade mineralization 200 meters below previous drilling across the South, Main and North pits.
2. Expanded 2026 Exploration Budget
The board approved a $17 million budget for 2026 to fund a 30,000-meter drilling program focused on the Abore system, aiming to delineate additional underground resources and upgrade existing classifications.
3. Upcoming Resource Milestones
A maiden underground Mineral Resource estimate is scheduled for February 2026, paving the way for a potential underground Mineral Reserve in 2027 if further drilling confirms resource continuity and grade.
4. Analyst Price Target Revision
Scotiabank raised its price target on the company’s shares to C$4.75 while maintaining a Sector Perform rating, reflecting confidence in the expanded mineral potential and updated exploration plan.