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Giyani Metals 2024 Resource Drilling Programme Completed at the K.Hill Project
TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) ("Giyani" or the "Company") developer of the K.Hill battery-grade manganese
About this update from Giyani Metals Corp
[{"type":"text","content":" TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (\"Giyani\" or the \"Company\") developer of the K.Hill battery-grade manganese project in Botswana (\"K.Hill\" or the \"Project\") is pleased to announce that it has completed the field work for the infill drilling programme at the Project. The information gathered from this programme is expected to provide the basis for an updated Mineral Resource Estimate (“MRE”) to be included in the 2025 Definitive Feasibility Study (“DFS”). Highlights: Giyani has completed a 3,185m (61 hole) infill drilling programme at K.Hill. The aim of the programme was to define sufficient Measured Mineral Resource for the initial five years of mining operations covering the typical tenure of project finance debt facilities. This drill programme will supplement the 10,710m of previous drill results used in the 2023 MRE. The results of the infill drilling programme will also be integrated with the Demonstration Plant (“Demo Plant”) processing and operating output data to optimize the mine schedule and plant feed grades within the DFS. Giyani has now commenced the mining geotechnical field investigations to inform the mine design parameters for the DFS. Groundwater monitoring holes will also be drilled to allow on-going water sampling to confirm baseline water quality data and future monitoring during the construction and operating phases. Concurrent with these drilling programs, Giyani will launch the civil geotechnical field investigations. These investigations will comprise both drilling and pitting programmes, and inform the geotechnical design criteria of all plant, support infrastructure, access roads, waste rock dumps and the tailings storage facility, all important steps in the DFS process. Danny Keating, President and CEO of the Company, commented: “We have initiated a comprehensive fieldwork programme aimed at upgrading significant portions of the Indicated Mineral Resource into the Measured Mineral Resource category, providing geotechnical data for detailed designs of the plant and related infrastructure, and installing a water monitoring system to ensure our compliance with the highest international environmental standards. This continues our approach of systematically de-risking the Project in advance of securing construction financing. Meeting lender requi...