OAKVILLE, Ontario, April 16, 2018 (GLOBE NEWSWIRE) -- Giyani Metals Corporation (TSXV:WDG) (GR:A2DUU8) (“Giyani” or the “Company”) is pleased to provide an update on the progress of Phase 1 of its 2018 operational program, announced on March 15, 2018.
Interpretation of government data was completed on April 10. The airborne magnetic data, at a 250-meter line spacing, was filtered, image processed and inverted to create a series of products designed to highlight relevant geological features of interest. This has allowed Giyani to map, with a high degree of certainty, the location of prospective geology within the larger Giyani license areas (Figure 1).
Lithostructural mapping has identified several prospective areas (highlighted as hatched polygons in Figure 1) where prospective Lower Transvaal stratigraphy is likely to outcrop/subcrop. Current ongoing ground surveys will provide valuable information to identify subtle magnetic contacts in this sedimentary package which will allow for detailed mapping of the manganiferous shale.
Five out of the fourteen licenses, currently held by Giyani, with a total approximate land coverage of 1,400 square kilometres, are identified to have prospective stratigraphy for manganese mineralization.
This information coupled with the ongoing ground gravity and magnetics surveys will allow Giyani to:
- Design an effective tool to identify new manganese deposits within the Company’s licence areas; and
- Focus and prioritise exploration activities to prospective areas (Figure 1).
Ground geophysics survey progress
The geophysics team is progressing well with the gravity survey, and has now completed the highest priority area at the K.Hill prospect. As of April 12, 2018, a total of 1317 Real Time Kinematic (RTK) stations and 1310 gravity stations were completed out of a total 2343 stations. Additionally, 70.26 kilometres of magnetic walk-lines were completed out of a total of 128 kilometres.
Figure 2 below indicates the progress of completed stations and over the K.Hill prospect. Giyani can only report on the progress of the survey at this stage, as all data will be subject to rigorous QA/QC procedures to ensure the integrity of results. Preliminary anomaly definition will assist with the selection of the first collar positions as early as the week of April 16, 2018.
Giyani is pleased to announce the appointment of Rotsdrill Exploration as the main drilling contractor for Phase 1 after a competitive bidding process, in which 4 reputable drilling companies were invited to participate. The Company provided all contractors with a specific scope of work as well as access to the drill targets in order for them to develop comparable proposals.
Rotsdrill Exploration is an experienced, Botswana based, drilling company that is best known for drilling difficult rock conditions in the Debswana owned kimberlite diamond mine at Jwaneng, ~70 kilometres north of the K.Hill prospect. Debswana is a joint venture between De Beers and the Botswana Government.
Mobilization of equipment is underway and the drill program is planned to commence the week of April 16, 2018.
Robin Birchall, CEO of Giyani Metals Corp. commented:
“The results we obtained from the interpretation of the airborne magnetic data strengthen our confidence in the large potential within the rest of our licence area; well beyond the three identified prospects so far at K.Hill, Otse, and Lobatse. Furthermore, we are pleased with the progress of our ongoing ground geophysics considering the minor delay that was caused by recent unseasonal weather conditions.
We also welcome Rotsdrill as our main drilling contractor. We are confident that they have the expertise, tools, and skilled workforce necessary to deliver the services we expect and keep progress on schedule.”
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.
Giyani Metals Corp. is a Canadian based junior exploration company focused on creating shareholder value by accelerating the development of its high-grade manganese project in the Kanye Basin, Botswana, Africa.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Giyani Metals Corporation
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.
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 statement.
GIYANI METALS CORP.
277 LAKESHORE ROAD EAST, OAKVILLE, Ontario L6J 1H9
T:289-837-0066 F: 289-837-1166