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REGIONAL EXPLORATION PROGRAMME COMMENCES

8 Sep 2010 07:00

RNS Number : 3192S
Nyota Minerals Limited
08 September 2010
 



 

Nyota Minerals Limited ('Nyota' or the 'Company')

 

REGIONAL EXPLORATION PROGRAMME COMMENCES

 

 

Highlights

·; Airborne geophysics to commence on Nyota's total land holding in Ethiopia of 3,550km2,

·; Systematic regional programme over all of Nyota's Ethiopian claims to include rock and soil geochemical sampling, mapping, trenching and reverse circulation drilling

 

 

Nyota Minerals (AIM, ASX:NYO) today announces its plans to commence regional exploration across all of its Ethiopian licence areas. Nyota's Ethiopian exploration properties are currently made up of seven individual claims blocks; Mendi (previously Brantham), Bambasi, Gombe, Dura (previously Towchester), Billa Gulliso, Yubdo and the Tulu Kapi claim group. In total the properties cover a total area of 3,550 km2 and an updated claim map is included in this release as Figure 1.

 

Nyota CEO Melissa Sturgess commented, "We are broadening the Company's focus to begin serious exploration of our entire Ethiopian portfolio now that we are confident of the potential at Tulu Kapi. Nyota is one of the first movers and fastest explorers in Ethiopia and we hope that our exploration efforts over our regional tenements identify projects for future development. We remain excited by the areas potential and note recent exploration successes in the region. At a recent conference in Addis Abbaba a private company conducting advanced exploration activities 2.5 km north of Mendi announced a discovery of over 0.5 million ounces of gold."

 

All the properties have excellent prospectivity for new mineral discoveries. The claim blocks show favourable geological settings, structural settings and good mineral indications. There are a number of good gold mineralization showings in the area both as primary and alluvial indications with some of them associated with base-metal anomalous zones.

 

Regional Airborne Survey

 

UTS-Aeroquest of Australia will complete a 44,700 line km fixed wing airborne geophysical survey of Nyota's exploration properties in Ethiopia which is scheduled to be completed during the fourth quarter 2010. The survey will collect magnetic and radiometric (K, U and Th) data at a line spacing of 100 meters (m). The information will be used to guide Nyota's regional exploration program that will commence in October. The program will consist of rock and soil geochemical sampling, mapping and trenching and reverse circulation drilling. The regional exploration program will systematically advance each of the targets identified.

 

 

TO VIEW FIGURE 1 - 90 M DIGITAL ELEVATION MODEL WITH AREA TO BE COVERED BY AIRBORNE SURVEY IN PURPLE OUTLINE, PLEASE CLICK ON THE FOLLOWING WEB LINK: http://www.rns-pdf.londonstockexchange.com/rns/3192S_-2010-9-8.pdf

 

TO VIEW FIGURE 2 - NYOTA EXPLORATION PROPERTIES, WESTERN ETHIOPIA, PLEASE CLICK ON THE FOLLOWING LINK: http://www.rns-pdf.londonstockexchange.com/rns/3192S_1-2010-9-8.pdf

 

 

For further information please contact:

 

Melissa Sturgess / Terry Tucker

Nyota Minerals Limited

(+44) (0)78 2555 1397/(+44) (0) 78 3324 8466 or melissa.sturgess@nyotaminerals.com/terry.tucker@nyotaminerals.com

 

NOMAD

Richard Brown / Richard Greenfield

Ambrian Partners Limited

(+44) (0)20 7634 4700

 

BROKER

Guy Wilkes / Will Slack

Ocean Equities Limited

(+44) (0) 20 7786 4370

 

BROKER

Rory Scott

Mirabaud Securities LLP

(+44) (0)20 7878 3360

 

Press enquiries

Charlie Geller / Leesa Peters

Conduit PR +44 (0)20 7429 6604 / +44 (0)75 2823 3383

 

Or visit: http://www.nyotaminerals.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGUBPBUPUUPR
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