Giyani formally exits gold exploration in South Africa

Canadian junior exploration company Giyani Metals has reached an agreement to sell its 45% interest in a privately held South African gold exploration company for R9.56-million, or about C$868 000, the company announced on Thursday. The sale of its interest in Rock Island Trading 17 to its partner, State-owned Corridor Mining Resources (CMR), signifies the firm’s formal departure from its gold exploration past in South Africa.