OAKVILLE, ON, Jan. 2, 2013 /CNW/ - Giyani Gold Corp. (TSXV: WDG) ("Giyani Gold" or the "Company") is pleased to announce the completion of a 20 hole 4488m drill program on the Company's Klein Letaba property in the Limpopo Province of South Africa. The Company is releasing results from three drill-holes focused on following-up the new gold zone ("New Gold Z1") previously discovered in Hole KL-01 on the "Klein Letaba Trend", and one drill-hole with results from new geophysical targets located on the "Middle Trend".
Klein Letaba Trend
Holes KL-04, KL-14, and KL-03 were drilled to determine the dip of New Gold Z1, which is thought to be the western segment of two vein systems of the historic Klein Letaba Mine.
Hole KL-04 was collared at a location 50m east of Hole KL-01 and intersected 10.30 g/tonne Au over 0.84m. A quartz silicified zone was identified in Hole KL-04 on the edge of New Gold Z1 which is located approximately 30m east of Hole KL-01.
Hole KL-14 was collared at the same location as Hole KL-01 and intersected New Gold Z1 25m up dip from Hole KL-01. This hole contained two high grade gold values of 7.70 g/tonne Au over 1.2m and 6.56 g/tonne Au over 0.43m within a 30m wide anomalous gold "halo" with values ranging from 0.10 g/tonne Au to 7.39 g/tonne Au. The gold intersected in the halo indicates that a section of Hole KL-14 also passed above the western edge of New Gold Z1. Additional drilling is
being planned to better define the structure of New Gold Z1.
Hole KL-03 was collared at a location 50m south of Hole KL-14 with the aim to locate new near surface gold veins but did not intersect any significant gold values.
Historical mine sections and plans have recently been made available that better define the historically mined gold zones, which had a steep plunge of approximately 55 degrees east, and Giyani Gold anticipates that New Gold Z1 will have a similar 55 degree plunge. As a result additional holes are planned to delineate the up plunge, down plunge, and western edge of New Gold Z1.
SOURCE Giyani Gold Corp.