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Be the first with the news that moves the market- Giyani Metals (EMM) has launched a drill program at its near-surface K.Hill manganese project in southeastern Botswana
- The company intends to complete 90 reverse circulation holes over 2,700 metres as well as nine diamond core holes over 250 metres
- This infilling work will be used to upgrade the current inferred mineral resource at the project to the indicated mineral resource category
- According to a September 2018 report, the project hosts an inferred resource of 1.1 million tonnes grading 31.2 per cent manganese oxide
- Giyani Metals (EMM) is currently steady at C$0.18 per share
Giyani Metals (EMM) has launched a drill program at its near-surface K.Hill manganese project in southeastern Botswana.
The project forms part of a larger 2,641-square-kilometre property that sits within the Kanye Basin – a region underlain by rocks of the Transvaal Supergroup, which is thought to host roughly 80 per cent of the world’s manganese reserves.
Over the course of the program, Giyani intends to drill 90 reverse circulation holes over a total of 2,700 metres, as well as a further nine diamond core holes over 250 metres.
The data from this infilling work will be used to upgrade the K.Hill Project’s current inferred mineral resource to the indicated category, from which a CIM Code compliant Reserve can then be estimated.
According to a report released in September 2018, the project hosts an inferred resource of 1.1 million tonnes grading 31.2 per cent manganese oxide.
Stewardship Drilling has been contracted to carry out the drilling work, which will be done in collaboration with Giyani’s project management and geological services consulting company, Lambda Tau.
Pursuant to a September 21 announcement, Stewardship will receive shares in Giyani as payment for roughly 27 per cent of the total contract value.
Robin Birchall, CEO of Giyani Metals, said he is pleased to have begun the drilling work given the significant COVID-19 protocols currently in place across Botswana.
“We would like to thank the Government of Botswana for promptly granting the Essential Services Permits needed for the drilling program, as well as supporting every stage of the mobilisation of Stewardship Drilling from Namibia to K.Hill.
“We will update the market in due course on our progress,” he added.
Giyani Metals (EMM) is currently steady at C$0.18 per share, as of 12:39pm EST.
