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 porphyry system.
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 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 release.
For further information:
Giyani Gold Corp.
Email: [email protected]