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Giyani Metals Corp.
Summary
| Project: | K-Hill | |
|---|---|---|
| Deposit: | K-Hill | |
| Location: | Botswana | |
| Commodities: | Manganese-Iron-Silica-Aluminium | |
| Date: | 9/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-9-2018: Giyani Metals Corp. announces a Resource Estimation report for its K-Hill deposit at the K-Hill project. Initial mineral resource estimate at the project. OAKVILLE, Ontario, Sept. 28, 2018 -- Giyani Metals Corp. (TSXV:WDG, GR: A2DUU8) (“Giyani” | |
| Resources: | (Resource, Inf.): 1.1Mt @ 31.2% MnO, 8.9% Al2O3, 26.3% SiO2, 16.9% Fe2O3 | |
| CP/QP: | [Resources]: Jeremy Witley (MSA Group Pty Ltd.) | |
| ABSTRACT: | OAKVILLE, Ontario, Sept. 28, 2018 -- Giyani Metals Corp. (TSXV:WDG, GR: A2DUU8) (“Giyani” or the “Company”) is pleased to announce its maiden mineral resource estimate for its 88% owned K.Hill manganese deposit in Botswana. The mineral resource estimate, prepared by the South Africa based MSA Group, includes an inferred resource of 1.1 million tonnes grading 31.2% manganese oxide (MnO) at a cut-off grade of 18% MnO. Robin Birchall, CEO of Giyani Metals Corp. commented: “This maiden resource at K.Hill represents a significant milestone in the development of our company. The scale of this resource gives us confidence to immediately proceed with a preliminary economic assessment (PEA). We now have a proven tangible asset that adds intrinsic value to our shareholders. Giyani will grow from this point onwards with the goal of becoming an independent, vertically integrated, manganese supplier to the battery market. By developing the K.Hill prospect into its full potential and continuing to prove other prospects within our large property, we are putting Giyani on the map as an active player in the growing battery electric vehicle market.” Mineral Resource summary The Mineral Resource estimate was based on geochemical analyses and density measurements of core samples obtained by diamond drilling undertaken by Giyani from 16 April 2018 to 2 July 2018. A total of eighteen vertical holes were drilled at K-Hill. Two of the drill holes were collared outside the Mineral Resource area, one was drilled for metallurgical purposes and twelve of the drill holes intersected the manganese shale. The intersections obtained from ten drill holes were used to estimate the grade of the Mineral Resource. The remainder were used in defining the extent of the mineralization. | |
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