Giyani Announces Drilling Update, Exploration Program and Appointment of Additional Drilling Contractor at Flagship K.Hill Project in Botswana - Seite 2

The drilling contractor will be supported by the Company’s project management and geological services consulting company, Lambda Tau Botswana.

Robin Birchall, CEO of the Company commented:

"The first batch of near-surface results continue to build momentum at K.Hill as we work towards completion of the ongoing feasibility study and the future transition to project construction. Not only are these results in line with previous drilling results, but we can now look to extend the near-surface mineralization through a new Step-out Exploration Program, which is the first in a number of resource expansion programs we have planned for 2021. We expect to announce the commencement of the Otse campaign in due course.

One of our priorities this year is extending the project life at K.Hill. Given some of the Covid-19 related delays we have experienced with our current drilling contractor, we decided to appoint locally-based RotsDrill. Working with Stewardship, we aim to speed up the completion of the K.Hill program, and then start on the Step-Out Exploration Program as soon as possible. As RotsDrill’s equipment and labour are locally sourced in Botswana, their appointment should significantly mitigate any additional unforeseen Covid-19 related disruptions going forward. In addition, the team at RotsDrill are familiar with K.Hill, as they were appointed by the Company for the original drill program two years ago.”

Appendix 1 – K.Hill Infill Drilling Program

Procedural Summary

Drilling is conducted with a 127mm diameter Reverse Circulation bit. The primary sample is collected from the cyclone into a 50kg sample bag at 0.5m intervals. The primary sample is then split with a three-tier riffle splitter into a 3-5kg sub sample. The sub-sample is analysed on site by a portable X-ray Fluorescence analyser (XRF) to determine the mineralized interval. The mineralized interval is sampled together with 2m shoulder samples and QA/QC samples. These samples are then bagged in batches of 10 samples per polypropylene bag, marked and sealed with single use ties. The polypropylene bags are shipped for geochemical analysis by XRF after Borate Fusion, at SGS Laboratories in Randfontein, South Africa.