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Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (" Giyani " or the " Company ") is pleased to announce, pursuant to the September 21, 2020 announcement, drilling has commenced at the Company's K.Hill manganese project in Botswana ("K.Hill").
The objective of the infill drilling program is to upgrade the current Inferred Mineral Resource at K.Hill into the Indicated Mineral Resource category, from which a CIM Code compliant Reserve can be estimated. The program consists of 90 holes and approximately 2,700m of reverse circulation (" RC ") drilling, as well as 9 holes and 250m of diamond core (" D C ") drilling.
For more information on the drilling plan please refer to the Company's September 21, 2020 announcement.
Robin Birchall, CEO of Giyani Metals Corp. commented:
" I am very pleased that our team has been able to commence the drilling programme given the significant COVID -19 protocols in place across Botswana. We would like to thank the Government of Botswana for promptly granting the E ssential S ervice s P ermit s needed for the drilling program , as well as support ing every stage of the mobilisation o f Stewardship D rilling from Namibia to K.Hill . We will update the market in due course on our progress. "
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9335307c-14de-4cbd-be9e-1171da640cf4
About Giyani
Giyani Metals Corp. is a mineral resource company focused on the development of its K.Hill, Lobatse & Otse manganese oxide projects in the Kanye Basin, Botswana, Africa. The Company's flagship K.Hill project is a near-surface deposit currently going through a feasibility study to produce high-purity electrolytic manganese metal and manganese sulphate, both key cathode ingredients for batteries in the expanding electric vehicle (EV) market.
Additional information and corporate documents may be found on www.sedar.com and on Giyani Metals Corp. Website: https://giyanimetals.com/ .
About Stewardship
Stewardship Drilling is a well-established drilling contractor in Sub-Saharan Africa, with a vast portfolio of experience having worked with Rio Tinto, De Beers, and the Paladin Group. Stewardship mobilised to site in October and the drilling program will be supported by the Company's project management and geological services consulting company, Lambda Tau.
About Lambda Tau
Lambda Tau is a South African based consulting and contracting company offering geological services across Southern Africa.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Giyani Metals Corporation
Robin Birchall
CEO, Director
+447711313019
rbirchall@giyanimetals.com
Thomas Horton
VP, Business Development
+447866913207
thorton@giyanimetals.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act " ), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or " U.S. persons, " as such term is defined in Regulation S promulgated under the U.S. Securities Act ( " U.S. Persons " ), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company ' s securities to, or for the account of benefit of, persons in the United States or U.S. Persons.
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Specific forward-looking statements and forward-looking information herein includes completion of the 2020 field program, geotechnical study and geophysical study; upgrading of inferred resources to higher categories of confidence, and the completion of the FS.
All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.
Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com .
Giyani Metals CORP.
www.giyanimetals.com TSXV : EMM
