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Giyani Gold's Ground Geophysical Interpretation on Rock Island Properties in South Africa Supports Drilling
OAKVILLE, ON, June 12, 2012 /CNW/ - Giyani Gold Corp. (the "Company") is pleased to report ...
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\n\n\n\n\nOAKVILLE, ON, June 12, 2012 /CNW/ - Giyani Gold Corp. (the \"Company\") is\n pleased to report the results of its extensive ground geophysical\n surveys on Prospecting Right LP 306 PR (\"PR 306\") and Prospecting Right\n LP 310 PR (\"PR 310\") owned by Rock Island Trading 17 (Pty) Ltd. (\"Rock\n Island\").  The geophysical program budget had been approved the Board\n of Directors of Rock Island and costs shared 50/50 with its partner,\n Corridor Mining Resources. PR 306 and PR 310 contain approximately 40\n square kilometers (approximately 4,000 ha) of exploration ground and\n include a number of formerly producing gold mines.\n\n\nThe Company recently surveyed a 33 km ground geophysical grid that\n covered the area surrounding the Klein Letaba and Frankie gold mines in\n PR 310 which has never been previously examined using geophysical\n methods. This grid was read by magnetometer, VLF Electromagnetic (EM)\n and Maxmin II EM and 26.4 km of cross lines have been read using\n Induced Polarization (IP). The Klein Letaba and Frankie ore bodies are\n associated with iron formation, pyrrhotite sulphide zones and quartz\n structures controlled by shear zones along the margins of the iron\n formation. Accordingly, the geophysical anomalies (EM conductors and magnetic\n features) are considered very important drill targets for tracing the\n gold mineralization (see mineralized trends in Figure 1 below). Grab\n samples of pyrrhotite from the rock dump on the site of the Klein\n Letaba gold mine were assayed and were found to contain 8 grams gold\n per tonne with anomalous copper (500 ppm) and no arsenic.  Assaying of\n these samples was done by ALS Chemex in North Vancouver, Canada.\n\n\nTo view Figure 1 - Mineralized Trends in the Klein Letaba & Frankie Areas (LP 310 PR) please visit http://files.newswire.ca/1079/Geophysical_Figure_1.pdf\n\n\nWhile the previously producing Frankie mine operated on a 350 m strike\n length, management believes that it has identified a mineralized trend\n that has been traced for 2.2 km (see the \"Frankie Zone\" in figure 1\n above) with IP and magnetics from line 1200 east to Line 1000 west and\n is open on strike.  As well, over the previously producing Klein Letaba\n mine which extended to a depth of 144 m on a 200 m strike length,the\n Company's current geophysical p...