OAKVILLE, ONTARIO – June 13, 2017 – Giyani Gold Corporation (TSXV:WDG,KT9: GR) (“Giyani” or the “Company”) is pleased to announce that our initial surface sampling program conducted at the historic Kgwakgwe Hill Manganese Mine located in the Kanye Basin, Southeastern Botswana confirms high grade mineralized shale grading 58-61% MnO.
A complete table of all sample results is included in Appendix A.
Highlights of all sample results:
Wajd Boubou states, “These results prove the effectiveness of our due diligence process that focuses on identifying and researching properties with a strong probability of containing high grade manganese deposits. Our strategy of selecting undervalued high potential assets is working well as the results from this first phase of sampling have confirmed.”
Giyani’s geological team collected eight chip channel samples, considered to be representative, from surface outcrops along the northern face of Kgwakgwe Hill.
Samples KAN/01/2017 and KAN/02/2017 were collected from a surface outcrop in an unexploited mineralized zone to the north west of the Kgwakgwe open pit called the “Quarry Zone” (Photo 1)
Photo 1 – Quarry Zone
Samples KAN/03/2017 and KAN/04/2017 were collected from a mineralized outcrop 120 m to the south west of the Quarry Zone called the “Crushing Pad” (Photo 2 & 3)
Photos 2 & 3 – Crushing Pad
Samples KAN/07/2017 and KAN/08/2017 were collected from a mineralized section in the west wall of an old quarry to the south east of Kgwakgwe Hill Open Pit (Photo 4)
Photo 4 – Samples KAN/07/2017 and KAN/08/2017
Samples KAN/05/2017 and KAN/06/2017 taken from the hanging wall in the pit (Photo 5)
Photo 5 – Hanging wall
The phase I sample results exceeded our initial expectation as they graded well above average compared to other Manganese projects currently being investigated by the Company. The low percentage of deleterious elements is an indicator that the manganese found in this deposit could be ideal for usage in the battery industry. Phase I sample locations indicated in Figure 1 below
Giyani is also pleased to announce the commencement of phase II regional sampling and mapping of our extensive property in an initial attempt to estimate the potential size of this high-grade manganese deposit. Our geological team started phase II on June 9th and is currently sampling and mapping the area outlined in green colour on the map in Figure 2. This area stretches 74 Km diagonally from Kgwakgwe Hill to the north east.
Figure 2 – Phase II regional sampling and mapping
The Kgwakgwe Hill high-grade manganese project, is an ideal asset that continues to expand the Company’s high quality pipeline of manganese projects in Botswana and Zambia. In addition, this project continues to advance Giyani’s strategy of acquiring high grade minerals assets that are targeted for the growing battery industry.
All samples were packed in plastic sample bags, labelled and securely stored prior to shipping to SGS laboratories in Randfontein South Africa. Samples were analyzed by X-ray fluorescence (XRF) for manganese and 13 other major elements (see table below).
Roger Moss, Ph.D., P.Geo, is the qualified person, as that term is defined by National Instrument 43-101, on behalf of the Company and has approved the scientific and technical content contained in this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
On behalf of the Board of Directors of Giyani Gold Corporation.
Duane Parnham, Executive Chairman & CEO
Giyani Gold Corporation
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, the financial picture of the Company etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Appendix A: Major element analysis by borate fusion, XRF. Full table