UPDATE: Giyani Gold Starts Drilling on Ontario Gold Property; Shares Up 12.7% at Midday

By Midnight Trader,  June 20, 2012, 12:53:29 PM EDT

Giyani Gold Corp. (WDG.V) announced today that an initial 1,000 metre drill program has commenced on its 100% owned Abbie Lake-Keating property located in Ontario.

Geophysical surveys conducted by Giyani Gold have identified numerous structures within a large regional deformation zone that management feels worthy of drill testing for gold, the company said in a statement. Initially a 4-5 hole drill program will be conducted on what management interprets as the wider shear zones outlined by the IP indicated disseminated sulphides.

Giyani Gold shares are up 12.7% to $1.42, on volume 142,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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