OAKVILLE, 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
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
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
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
SOURCE GIYANI GOLD CORP.
For further information:
Giyani Gold Corp.