Giyani Commences its 2020 Field Drill Program and Studies Drilling is intended to upgrade K.Hill Project Resources to the Indicated Category
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Giyani Commences its 2020 Field Drill Program and Studies
Drilling is intended to upgrade K.Hill Project Resources to the Indicated
Category
OAKVILLE, Ontario, September 21, 2 020 -- Giyani Metals Corp. (T SXV:EMM, GR:A2DUU8) ("Giyani" or
the "Company") is pleased to announce the co mmencement of its Feasibility S tudy ("FS") field program
("2020 Field Program ") for its K.Hill manganese project in Botswana, with the appoi ntment of a drilling
contractor, project management and geological services contract or and their imminent mobilisation. The
2020 Field Program follows Giyani's recent successful capital raising, which closed in September 18, 2020.
2020 Field Program Highlights:
Infill drilling program intended to upgrade existing resources to the Indicated category
Geotechnical study to determine geotechnical parameters for the open-pit mine design
Geophysical study to assist wit h greater definition of the resource estimation
Infill Drilling
The objective of the infill drilling program is to upgrade the current inferred mineral resources at K.Hill, into
the indicated mineral resource c ategory, from which a CIM Code compliant reserve could then be
estimated. The program will co nsist of 90 holes and 2,700m of reverse circulation ("RC") drilling, as well
as 9 holes and 250m of diamond core ("DC") drilling.
The contract was awarded to Stewardship Drilling ("Stewardship"), 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 is expected to have fully mobilised to site by mid October, subject to the current
COVID-19 regulations being mainta ined in Botswana. The drilling contractor will be supported by the
Company’s project management and geological services consulting company, Lambda Tau.
The map provided below in Figure 1 (below) shows the planned lo cations of the twin verification holes in
blue triangles, the 50x50m RC grid in green triangles, the DC drilling confirmation twin holes as red triangles
and the location for the trenches and channel chip sampling along 50m trenches as the red lines. Samples
from the RC drilling will be collected at 50cm downhole intervals. Appropriate sample sizes will be split and
submitted for XRF analysis by Borate Fusion at SGS Laboratories in Johannesburg, South Africa. In
addition, samples from the RC drilling as well as the core recovered from the DC drilling will be provided to
Tetra Tech for hydrometallurgical and comminution lab testing.
Geotechnical & Geophysical Studies
The geotechnical study will be led by SRK in Cardiff, UK. Geote chnical sample data will be collected from
the drill core as well as outcrop s of mineralisation. This data will assist the geotec hnical modelling of the
deposit, slope stability and the open pit mine design.
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The geophysical study will use a low frequency ground penetrating radar (“GPR”) method. The survey aims
to define with greater accuracy the resource estimation.
Shares for Drilling Services
Stewardship has entered into a d rilling contract with Giyani un der which Giyani will partly pay the drilling
costs through the issue of common shares of the Company for 27% of the contract total value.
The deemed price per share at which Giyani will make the payment in shares will be at a discount of 25%
to the last closing price of the Giyani shares on the TSX Venture Exchange (the "TSXV") on the trading day
immediately prior to Giyani's subsequent notification to the TSXV, which will occur following invoicing under
the contract. The shares will only be issued following completion of the drilling contract.
The partial payment of shares remains subject to acceptance by the TSXV. Common shares issued in
connection therewith will be subject to a statutory four-month hold period from the date of issue.
Robin Birchall, CEO of Giyani Metals Corp. commented:
"The next step with our FS is to conduct in-fill dril ling in order to upgrade the current inferred mineral
resource to an indicated mineral resource. We have designed an operational program that is both effective
and economical, by taking advantage of RC drilling where possible. This data will strengthen our confidence
of the optimum drilling interval across the K.Hill deposit and additional geotechnical work will enable us to
produce an optimal pit-shell design.
I am very excited by the progress we are undertaking in Botswana, especially with moving forward rapidly
with our operational program. With borders reopening in sub-Saharan Africa, we plan to announce the next
phases of the 2020 Field Program in due course.”
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Figure 1.
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About Giyani
Giyani Metals Corp. is a mineral resource company focused on th e development of its K.Hill, Lobatse &
Otse manganese oxide projects in the Kanye Basin, Botswana, Afr ica. 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 ingred ients 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 Lambda Tau
Lambda Tau is a South African based consulting and contracting company offering geological services
across Southern Africa.
NI 43-101 Disclosures
Mr. Michael John Beare, BEng, CEng, MIOM of SRK Consulting is t he qualified person, as defined by
National Instrument 43-101, who has reviewed and approved the scientific and technical content contained
in this press release. Mr. Beare is independent of the Company and visited the site in December 2019.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Giyani Metals Corporation
Robin Birchall
CEO, Director
+447711313019
Thomas Horton
VP, Business Development
+447866913207
Neither the TSXV nor its Regulation Services Provider (as t hat term is defined in the poli cies 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" withi n the meaning of applicable Canadian securities
legislation. All statements in this news release, other than st atements of historical fact, that address events or
developments that Giyani expects t o 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", "believ es", "intends", "estimates", "projects", "potential",
"scheduled", "forecast", "budget" and similar expressions, or t hat events or conditions "will", "would", "may", "could",
"should" or "might" occur. Spec ific forward-looking statements and forward-looking information herein includes
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completion of the 2020 field program, geotechnical study and ge ophysical 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 a nd 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. For ward-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 prop erties, 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 an d unknown risks, uncertainties and other factors which
could cause actual events or res ults to differ from those expre ssed 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 rela ted to the uncertainty of mine ral resource calculations and the inclusion of inferred
mineral resources in economic est imation; risks related to gove rnmental regulations; ri sks 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 prio r 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 a greements to which they are a party; ability to recruit and
retain qualified personnel; and risks related to their director s and officers becoming asso ciated 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 the se 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 stat ements 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 Giy ani's financial statements and r elated MD&A, all of which are filed on SEDAR at
www.sedar.com.
GIYANI METALS CORP.
1155 North Service Road West, Unit 11
Oakville, Ontario L6M 3E3
T: 289-291-4032
www.giyanimetals.com TSXV:EMM