Giyani Gold Corp. (TSX: V.WDG, Stock Forum) said Thursday the first hole drilled as part of their 2013 drilling program confirms and expands a New Gold Zone located on Giyani Gold's Klein Letaba property in South Africa
Hole KL13-21 intersected significant gold values of 6.92 g/t Au over 8.87 m, including 9.6 g/t Au over 5.02 m, expanding the New Gold Zone discovery initially made in September, 2012 by hole KL12-01 (13.16 g/t Au over 15.1 m), the company said in a press release.
Down 7% to 56 cents on Thursday, Giyani has a market cap of $30.4 million, based on 54.2 million shares outstanding. The 52-week range is $1.79 and $0.465.