Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8)
("
Giyani" or the "
Company") is
pleased to provide an update on the preliminary results from its
metallurgical test work undertaken by Mintek in South Africa and
its ongoing field programs at the K.Hill manganese project
(“
K.Hill Project”) in Botswana as part of its
feasibility study work (“
FS”). The ongoing field
programmes include exploration drilling programs at an extension of
the existing K.Hill Project orebody (“
K.Hill
Extension”) and the Otse manganese prospect
(“
Otse”).
Highlights
- Test work has
shown that high purity manganese sulphate monohydrate
(“HPMSM”) with less than 1% total impurity and
manganese content of more than 31.5% has been achieved. The
remainder of the metallurgical test program will focus on further
impurity reductions.
- K.Hill Project
FS reserve infill drilling is complete and assay results and an ore
reserve estimate are both expected during Q3 2021.
- K.Hill Project
FS in-pit and civil geotechnical drilling along with sterilization
drilling in the designated plant and infrastructure areas is
progressing as planned.
- At K.Hill
Extension, 13 of the currently planned 32 reverse circulation
(“RC”) drill holes have been completed to
date.
- At Otse, two
orientation geophysical studies have been completed and an induced
polarization (“IP”) program will commence this
month.
Robin Birchall, CEO of the Company,
commented:
“I am delighted to
announce the progress we have made in the metallurgical test work
so far. The progress in each of the test steps has achieved
targeted objectives. I am also happy to report on the completion of
the reserve drilling campaign and the progress on the mineral
reserve estimation which will culminate in the announcement of our
maiden reserve in the third quarter. Exploration drilling continues
on the K.Hill Extension and we will commence our IP geophysical
program at Otse imminently with results from both of these
exploration programs expected during the summer.”
Preliminary Metallurgical Test Work
Results
Further to the Company’s press release dated
February 5, 2021, the metallurgical test work undertaken by Mintek
in South Africa has successfully produced HPMSM with less than 1%
total impurity and with a manganese content of more than 31.5%.
These preliminary results were achieved by the evaporative
crystallization of a purified solution. Completed activities
include leach optimisation, bulk leach, base metal precipitation,
iron and aluminium precipitation, representing a number of the
initial steps of the process flowsheet to produce HPMSM from the
K.Hill Project ore. Ongoing purification and crystallization test
work will focus on further reducing the total impurity in the
pregnant crystallizer feed solution to remove trace quantities of
deleterious elements. Comminution test work, the first step in the
ore treatment process, will also be completed as part of the
overall testwork program.
Highlights of the completed test work
include:
- 94% Mn
extraction after reductive acid leach;
- Fe and Al
removal after neutralisation and precipitation is 100% and 99.5%,
respectively;
- secondary
purification kinetic tests show Ni, Cu, Co and Zn can be removed to
detection limits; and
- sulphuric acid consumption reduced
to 90 kg/t of ore compared with earlier estimate of 333 kg/t.
K.Hill Project FS Reserve Infill
Drilling
Further to the Company’s press release dated
April 1, 2021, the reserve infill drilling program required to
update the mineral resource estimation (“MRE”) has
now been completed. 90 holes totalling 3,341.5 m were drilled and a
total of 3,318 samples (inclusive of QA/QC samples) were collected
and submitted for analysis. Geological logging and data collection
from the RC chips has also now been completed.
Ongoing activities from the data collection
program include:
- results of the
geochemical analysis of the final batch of samples (batch 6 of 6)
at SGS Laboratories, South Africa (“SGS”);
- rock density
measurements from outcrop and RC chip samples, and
- down hole bulk
density logging.
These rock density programs are required to
build a reliable database of density data to be used in the block
model and MRE. All of this work will culminate in an independent
mineral reserve being reported for the K.Hill Project during Q3
2021.
K.Hill Project FS Geotechnical
Studies
The FS requires both a geotechnical mine and
geotechnical civil program. The geotechnical mine program will be
used to determine rock strength parameters for pit and mine designs
and the geotechnical civil work will investigate soil and ground
conditions for infrastructure development at the proposed location
of the processing plant and tailings storage facility
(“TSF”). These programs require core drilling and
trial pit excavations. For the geotechnical mine study, six of ten
planned holes have been completed to date; the core from these
holes will be logged, sampled and submitted for test work. For the
geotechnical civil study, all 44 trial pits have been excavated,
logged and sampled. 11 diamond core drill holes remain to be
completed at the proposed processing plant and TSF locations.
Samples from both the trial pits and core drilling will be
submitted for test work.
K.Hill Project FS
Sterilization
The sterilization drilling campaign was
initiated after near surface manganese oxide
(“MnO”) material was recovered from one of the
trial pits in the area intended for the processing plant. Three RC
drill holes will be drilled at each of the plant, TSF and waste
rock dump areas for a total of nine. Two of the three holes at the
plant area have been completed. The holes were drilled to 50m depth
and aside from a thin intersection of low grade, secondary enriched
MnO in the surface material, no mineralized Mn-shale body has been
intersected to date.
K.Hill Extension
Exploration
13 of a planned 32 exploration RC holes located
towards the south of the K.Hill Project deposit have been
completed, representing 923.5 m of drilling to date. A total of 335
samples (inclusive of QA/QC samples) have been collected from seven
of the 13 completed holes. Samples are collected where MnO
mineralization can be visually identified and an indicative grade
can be obtained using a portable x-ray fluorescence analyser
(“XRF”). The samples will be submitted for
analysis by XRF after borate fusion at SGS.
Otse Exploration
Two geophysical orientation studies were
completed at Otse using ground penetrating radar and IP survey. The
studies were completed over known mineralized outcrop in order to
determine the optimal survey parameters and define a characteristic
signature of the mineralized material. While both methods were
successful and identified anomalies, the Company has decided to
progress with an IP survey. The definition of the scope of work and
tendering process is currently ongoing, after which the selected
contractor will mobilize.
About GiyaniGiyani is a mineral
resource company focused on the advancement of its manganese assets
within the Kanye Basin in south-eastern Botswana, Africa (the
“Kanye Basin Prospects”). The Kanye Basin
Prospects include the past producing Kgwakgwe Hill mine and
project, referred to as the K.Hill Project, the Otse and the
Lobatse manganese prospects. The Company’s strategy is to become a
low-carbon footprint producer of high-purity electrolytic manganese
precursor materials used by battery manufacturers for the expanding
electric vehicle market.
Additional information and corporate documents
may be found on www.sedar.com and on Giyani Metals Corp. website at
https://giyanimetals.com/.
NI 43-101 Disclosures
EUR ING Andrew Carter
BSc, CEng, MIMMM, MSAIMM, SME Technical Director Coffey Geotechnics
Ltd (“Coffey”), A Tetra Tech Company, is a
Qualified Person under National Instrument 43-101 and has reviewed
and approved the scientific and technical information in this news
release.
Mr. Luhann Theron,
MSc., Pr.Sci.Nat. 400184/15, of Lambda Tau is registered with the
SACNASP. Mr. Theron is currently at site and is a qualified person,
as defined by National Instrument 43-101. Mr. Theron is the Chief
Geologist for the Company and has reviewed and approved the
scientific and technical content contained in this press release
but is not independent for the purposes of NI 43-101.
About Coffey A
Tetra Tech Company
Tetra Tech is a
leading provider of high-end consulting and engineering services
for projects worldwide. With 20,000 associates working together,
Tetra Tech provides clear solutions to complex problems in water,
environment, infrastructure, resource management, energy, and
international development. For more information about Tetra Tech,
please visit www.tetratech.com
Giyani appointed Tetra
Tech, alongside SRK Consulting, in late 2019 to produce the K.Hill
Project FS, which is expected to be completed later in 2021.
About Lambda Tau
Lambda Tau Botswana is a locally based
geological services and exploration consulting services provider,
offering services across Southern Africa. For more information
visit https://www.lambdatau.co.za
On behalf of the Board of Directors of Giyani
Metals Corp.
Robin Birchall, CEO
Contact:
Robin Birchall CEO, Director+44 7711
313019rbirchall@giyanimetals.com
Judith
WebsterCorporate Secretary and Investor Relations+1 416 453 8818
jwebster@giyanimetals.com
Neither the TSX Venture Exchange (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 receipt of TSXV approval for the private placement
and completion of the private placement.
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.
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