Giyani Gold has assembled approximately 140 square kilometers of options and licenses within the western part of the Mishibishu Greenstone Belt near Wawa, Ontario. This greenstone belt is known for gold production with multiple operating mines in the region. These properties cover a 30 kilometer strike length and host a quartz - eye porphyry system.
The Mishibishu Greenstone Belt is over 110 km long and sits south of the Hemlo belt where 3 mines have produced 23 million ounces gold to date, including Corona, Williams, and Goliath as part of Barrick Gold. Two of these mines are currently producing. These belts are the western extension of the Abitibi Greenstone belt which hosts the Porcupine Gold Camp (Timmins) with over 70 million ounces gold production, and the Kirkland Lake - Larder Lake gold camps (23 million ounces production).
The Abbie Lake-Keating Property contains several parallel shear zones with iron carbonate-sericite alteration and quartz which is typical of the setting at the mines in Timmins. The Property also hosts a quartz-eye porphyry system that is synonymous with major gold mines in the Abitibi Greenstone Belt. The region of Ontario where the Abbie Lake-Keating property is located on a greenstone belt has been prolific for gold production and has historically produced greater than 3 million ounces of gold.
Giyani Gold has completed an initial exploration program consisting of line cutting, geophysical (magnetic and IP) surveys, airborne (EM-magnetic), prospecting, mapping, and trenching on the Abbie Lake-Keating. This was followed by a focused 12 hole drill program with a view to resource delineation. Prior work conducted over portions of the Abbie Lake-Keating Property by previous exploration companies did not conduct complete ground and airborne geophysical surveys required to trace the zones of gold mineralization.
The core will be logged at a secure facility near White River and split, and sent to Thunder Bay for assay preparation at ALS Chemex's facility in Thunder Bay, prior to assaying in North Vancouver, BC. Assays will be carried out on 30 gm samples with Fire Assay (FA) and AA finish (atomic absorbtion). Trace pathfinder elements will also be examined.