Nyota Minerals Share News (NYO)

Nyota Minerals, the AIM-listed gold exploration and development company in East Africa, has reported the discovery of a new gold anomaly at the Boka-West target in the company's 100 per cent-owned Northern Block exploration licence areas located in Western Ethiopia. The gold-in-soil anomaly extended for 2.0 kilometres in length and was up to 500 metres (m) wide. The company said that it was also coincidental with anomalies for copper (Cu), zinc (Zn) and bismuth (Bi).Three out of the five trenches assayed so far returned significant gold intersections with peak intersections including 7.40m at 1.49 grammes per tonne of gold, 5.0m at 1.03 grammes per tonne of gold and 1.0m at 10.85 grammes per tonne of gold. Richard Chase, Chief Executive Officer of Nyota Minerals, commented: "The delineation of a large target at Boka-West is testament to the success of our systematic exploration programme in the Northern Blocks." He added: "Subject to the first renewal of the exploration licences and the requisite funding, we anticipate a first phase of drilling at Boka-West during the 2013-2014 field work season."Nyota Minerals' share price was down 1.54% to 1.28p at 09:20 on Wednesday.MF