Giyani Gold commences drilling program in South Africa
Thursday, Jul 19, 2012OAKVILLE, ON, July 18, 2012 /CNW/ - Giyani Gold Corp. ("Giyani Gold") is pleased to report drilling will commence at the Klein Letaba and Frankie projects in South Africa. A total of 27 drill sites have been selected at the Klein Letaba and Frankie mine site targeting new structures identified from extensive geophysical surveys recently completed by Giyani Gold as previously reported on June 12, 2012.
Drilling will initially commence near to the original mine shaft of the Klein
Letaba gold mine then backing up to intersect the Middle Zone and Frankie zones.
This Phase I 6,000 m drill program will assist Giyani Gold in determining the location of holes for future drilling programs to quickly define a NI 43-101 compliant resource/reserve.
The core will be split and logged at Giyani Gold's new core logging facility in a secure compound in the vicinity of Giyani, South Africa. Assaying and sample preparation will be conducted at ALS Chemex in Johannesburg, South Africa.
R.S. Middleton, VP of Exploration for Giyani Gold Corp., is responsible for the drilling program including the core logging, sampling of the drill core and assay procedures and quality assurance/quality control measures.
This news release has been reviewed and approved by R.S. Middleton P.Eng. who is acting as the Qualified Person for Giyani Gold.
Additional information with respect to Giyani Gold and corporate documents may be found on www.sedar.com and the Giyani Gold website, www.giyanigold.com. The map with the drill locations can be found on the Giyani Gold website.
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
Giyani Gold Corp.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Giyani Gold Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither 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 release.
SOURCE GIYANI GOLD CORP.