Giyani Metals has updated its exploration programs at the K.Hill Project as part of its feasibility study work, as well as ongoing exploration at its southern extension (K.Hill Extension) and the Otse manganese prospect.
Robin Birchall, CEO of the Company, commented:
“The exploration work at the K.Hill Project, the K.Hill Extension and Otse has exceeded our early expectations. The discovery of the B Horizon at K.Hill Project, and the newly identified mineralized horizon at the K.Hill Extension have the potential to add material tonnage to our existing resource base of 1.7 million tonnes for the wider K.Hill Project, increasing project life and ultimately enhancing the NPV.
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“At the K.Hill Project, the B Horizon has been identified below the existing deposit and work has commenced to estimate size and grade. No resources for the B Horizon have been included in our estimations for the K.Hill deposit to date.
“Meanwhile, our drilling campaign at the K.Hill Extension, south of the main orebody, has confirmed the discovery of a significant new mineralized structure, which is bigger and thicker than anticipated. The K.Hill Extension is also not currently included in the existing K.Hill Project resource or the FS. If confirmed, this could also be a material addition to the resources previously discussed in our PEA, along with the B Horizon.
Furthermore, the Otse project, 40 km to the east of the K.Hill Project, continues to look exciting and we hope the upcoming drilling campaign will confirm a material new resource, any production from which could be trucked to our proposed K.Hill Project processing plant.”