OAKVILLE, ON, June 20, 2012 /CNW/ - Giyani Gold Corp. (TSXV: WDG) (
"Giyani Gold") is pleased to announce that an initial 1,000 metre drill
program has commenced on its 100% owned Abbie Lake-Keating property
located in Ontario.
Geophysical surveys conducted by Giyani Gold have identified numerous
structures within a large regional deformation zone that management
feels worthy of drill testing for gold. Initially a 4-5 hole drill
program will be conducted on what management interprets as the wider
shear zones outlined by the IP indicated disseminated sulphides.
The core will be logged at a secure facility near White River and split,
and sent to Thunder Bay for assay preparation at ALS Chemex's facility
in Thunder Bay, prior to assaying in North Vancouver, BC. Assays will
be carried out on 30 gm samples with Fire Assay (FA) and AA finish
(atomic absorbtion). Trace pathfinder elements will also be examined.
The results of the drilling program will be released when available.
This news release was read and approved by R.S. Middleton P.Eng. who is
acting as the QP for Giyani Gold under the NI43-101 regulations.
About Giyani Gold Corp.:
Giyani Gold is a publicly-traded junior exploration company focused on
building a portfolio of under explored, past producing gold assets.
Giyani Gold has entered into agreements to acquire five exploration
licenses in the Giyani Archean Greenstone Belt located in the
northeastern region of South Africa. These properties consist of more
than 170 square kilometers of highly prospective greenstone belt with
six past producing mines. Closing of these transactions remains subject
to satisfaction of various closing conditions.
Giyani Gold has also assembled approximately 100 square kilometers of
options and licenses within the western part of the Mishibishu
Greenstone Belt near Wawa, Ontario. This greenstone belt is known for
gold production with multiple operating mines in the region. These
properties cover a 20 kilometer strike length and host a quartz - eye
Additional information and corporate documents may be found on www.sedar.com and the Giyani gold website, www.giyanigold.com.
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 Giyani Gold'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
Giyani Gold with securities regulators. Giyani Gold 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.