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New Gold Settings Outlined on Klein Letaba Mine Property Giyani, Limpopo, South Africa
OAKVILLE, ON, Oct. 17, 2012 /CNW/ - Giyani Gold Corp. (TSXV: WDG) ("Giyani Gold") announces...
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\n\n\n\n\nOAKVILLE, ON, Oct. 17, 2012 /CNW/ - Giyani Gold Corp. (TSXV: WDG)\n (\"Giyani Gold\") announces that five different gold settings including\n four new zones have been encountered by the drilling completed to date\n on the Klein Letaba-Frankie property near Giyani, Limpopo, South\n Africa. The Klein Letaba-Frankie property is contained within the\n Giyani greenstone belt which is Archean in age, and is similar to\n greenstone belts found in Northern Ontario.\n\n\nGiyani Gold's Hole KL12-01 which encountered a 15.1 m silicified zone\n containing high grade gold values (see release dated September 7, 2012)\n of 13.162 g/tonne gold over 15.1m, including 10.215 g/tonne over 2.33\n m, and 28.827 g/tonne over 3.67 m, and 18.167 g/tonne over 3.0 m\n (uncut) is now understood by management to be a new extension of the\n No. 9 vein system at the west margin of the historic Klein Letaba Mine,\n and may be a new lense belonging to the No. 9 vein structure.\n\n\nThe drilling of Hole KL12-02 which was collared 50m west and 100m north\n of Hole KL12-01 on line 200 W intersected a narrow sulphide bearing\n shear zone with associated quartz and sericite mica. This shear zone is\n now understood to be part of the \"Middle Zone\" gold structure that\n parallels both the Klein Letaba and Frankie trends. Based on results\n from Giyani Gold's drilling program, this shear was cut by Holes\n KL12-06 on Line 900W, KL12-05 on Line 1000W, and KL12-08 on Line 300E\n giving it a length of 1300m, which is open on strike. This shear zone\n is believed to pinch and swell in thickness and is similar in\n structural nature to the Klein Letaba trend, however it also has\n similar features to the Thomson Bousquet mine series found near Val\n d'Or, Quebec.\n\n\nOn the west end of the Klein Letaba trend, Hole KL12-06 encountered a 31\n m fractured quartz zone that appears to be related to the Klein Letaba\n trend style of mineralization. Adjacent to the quartz zone is a wide\n altered volcanic zone with disseminated sulphides, which is different\n in mineralization to Klein Letaba. Large masses of quartz were lead\n indicators to the development of the Dome Mine in Timmins in 1909. This\n new find is located 900m west of the No. 2 (main) shaft at the historic\n Klein Letaba mine.\n\n\nManagement intends to trace the plunge and the extent of quartz\n mine...