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OAKVILLE, ONTARIO–(Marketwired – Sept. 28, 2017) – Giyani Metals Corporation (TSX VENTURE:WDG)(FRANKFURT:KT9) (“Giyani” or the “Company”) is pleased to announce assay results from the third batch of samples collected from its Otse, and K.Hill prospects within the Kanye Project in Botswana. A total of 95 grab samples were collected and submitted to SGS South Africa (PTY) LTD laboratories in Randburg, South Africa.
Interpretation of Results:
Mineralization at the Otse prospect occurs within a chert breccia unit, typically found stratigraphically on top of manganiferous, silicified, and ferruginous shale units. The habit of mineralization is nodule-like and sometimes massive.
This chert breccia unit at Otse is highly variable in thickness, ranging from 2-3 meters up to 15 meters. The lab results indicate a similar grade of manganese to the manganiferous shale unit sampled at the K.Hill Prospect, however with slightly higher silica. Continuity between these two occurrences (Otse and K.Hill) will be tested during an upcoming drilling program.
Manganese Oxide (MnO) grades of the 37 samples collected from Otse range from 11.9% to 76.1% (excluding two samples from the unmineralized hangingwall with 1.08% and 3.85% MnO).
Full sample grades and lithology of Otse are listed in Table 1. A map of the sample locations can also be seen on the Company’s website.
Table 1. Otse Lithology and Grades
|KAH/208/2017||Old Mine Dump||47.9%|
|KAH/211/2017||Chert Breccia Un-mineralized||3.85%|
|KAH/212/2017||Chert Breccia Un-mineralized||1.08%|
The 58 samples from the K.Hill Prospect were collected from a unit close to the interpreted fault zone. These samples have graded between 11.9% and 65.6% MnO.
Full sample grades and lithology from K.Hill are listed in Table. 2. A map of the sample locations also be seen on the Company’s website.
Table 2. K.Hill Lithology and Grades
“These recent lab results significantly strengthen our confidence in the quality and grade of the manganese deposits in Otse and K.Hill. By sampling the various shale units in those two prospects, we have improved our understanding of the lithology and supported our initial theory with geochemical evidence” states Wajd Boubou, President.
All samples were placed in a plastic sample bag along with a sample tag. Bags were sealed with a single use tie. Samples were securely stored prior to shipping to SGS in Randburg, South Africa for assay. Samples were crushed and milled prior to assaying by X-Ray fluorescence. The company routinely submits standards, duplicates and blanks with sample batches to monitor the quality of the assays.
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 Metals Corporation.
Duane Parnham, Executive Chairman & CEO
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.
Giyani Metals Corporation
Thu, 28 Sep 2017 04:01:00 GMT