Investors are reacting favorably to news that Giyani Metals Corporation (TSX-Venture:WDG) discovered and confirmed a second high-grade manganese prospect near the town of Otse that graded up to 67.4% manganese oxide (MnO) during the phase II regional mapping and sampling program at its 88% owned Kgwakgwe Hill project in Botswana, Africa.
MnO grades of the 50 unique samples from the Otse Prospect vary between 15.4% and 67.4% and average 48.1% MnO (excluding one sample from the unmineralized hanging-wall with 0.07% MnO).
"This new discovery of the Otse Prospect, with high grade manganese occurrences, adds to our growing confidence in the potential size of deposits within our property in Botswana. Our team on the ground continues to sample the rest of the larger K.Hill Project area with early signs of a third potential prospect that we will be able to report on once the results are in," states President Wajd Boubou.
As mentioned, investors like what they are hearing and are bidding up shares of WDG to the tune of a 5.26% gain at last check in mid-afternoon trading with shares currently printing $0.40, about mid-way through their 52-week trading range.
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