Business
Giyani Gold corporate update
Trading Symbol: WDG - (TSX.V) OAKVILLE, ON, Sept. 9, 2011 /CNW/ - Giyani Gold Corp ("Giya...
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\n\n\n\n\nTrading Symbol: WDG - (TSX.V)\n\n\nOAKVILLE, ON, Sept. 9, 2011 /CNW/ - Giyani Gold Corp (\"Giyani\" or the\n \"Company\") is pleased to provide a corporate update including a status\n report on the Giyani property acquisition and Ontario property\n initiative.\n\n\nBoard and Management\n\n\nA new President, Mr. Chuck Allen, and a new Vice President of\n Exploration, Mr. Robert Middleton, have been appointed as officers of\n the Company. In addition, Mr. Ed Guimaraes and Mr. Scott Kelly were\n appointed as directors of the Company at its Annual General Meeting of\n Shareholders. Duane Parnham, Executive Chairman of the Company,\n commented \"These appointments evidence the Company's ability to attract\n expertise consistent with the Company's objectives and places the\n Company in a strong position to execute its business plan. The Company\n thanks Mr. Rick Vaive and Mr. James Turner for their services during\n its initial development phase.\"\n\n\nThe Company further announces that it has granted 75,000 options to each\n of Darren Collins and Peter Milutinovic who are consultants to the\n Company. Each option is exercisable at $2.35 per common share with an\n expiry date of August 31st, 2016.\n\n\nGiyani Gold Assets\n\n\nThe Company awaits approval from the South African Department of\n Minerals Resources (\"DMR\") to complete the Rock Island and Madonsi gold\n project acquisitions. The Company is in regular contact with the DMR\n and expects these approvals to be granted by the end of October 2011 in\n accordance with the extension of the vendor and escrow agreements.\n\n\nThe Rock Island and Madonsi gold assets are a strategically positioned\n land package located within a key geologically prospective and\n historically prolific gold producing region in the Limpopo province,\n South Africa. These assets are located within the Giyani Greenstone\n Belt which represents a historically underexplored region of the\n country and a key industry development initiative for both the Chamber\n of Mines of South Africa and the Geological Society of South Africa.\n The properties are all located within a 13 km long corridor of the\n highly prospective Archean Greenstones that host past production and\n considerable exploration potential.\n\n\nRobert Middleton, Vice President of Exploration commented, \"On\n completion of t...