Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNyota Minerals Regulatory News (NYO)

  • There is currently no data for NYO

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
Date   Source Headline
20th Apr 20117:00 amRNSCEO APPOINTMENT
18th Mar 20118:57 amRNSCHANGE OF DIRECTORS INTEREST
15th Mar 201111:58 amRNSHALF YEAR REPORT 31 DECEMBER 2010
7th Mar 201112:17 pmRNSDRILLING TO COMMENCE ON PRIORITY TARGET
4th Mar 20117:20 amRNSAdmission to S&P ASX All Ordinaries Index
3rd Mar 201110:30 amRNSDRILLING UPATE
3rd Mar 201110:15 amRNSTERRY TUCKER - RESIGNED AS CEO
3rd Mar 201110:05 amRNSTULU KAPI PROJECT TO PROGRESS TO PRE FEASABILITY
24th Feb 20114:29 pmRNSREPLACEMENT: LETTER TO SHAREHOLDER
24th Feb 20113:44 pmRNSLETTER TO SHAREHOLDER
11th Feb 20119:50 amRNSIFC EXERCISES ALL NYOTA OPTIONS
9th Feb 201110:00 amRNSUPDATED COMPANY PRESENTATION
8th Feb 20117:00 amRNSEXPLORATION UPDATE
4th Feb 20111:05 pmRNSISSUE OF OPTIONS/APPENDIX 3B
1st Feb 20117:00 amRNSAPPOINTMENT OF ROCKBURY CAPITAL
28th Jan 20117:00 amRNSQUARTERLY REPORT 31 DECEMBER 2010
27th Jan 20117:00 amRNSDRILLING UPDATE
5th Jan 20117:21 amRNSISSUE OF SHARES
24th Dec 20107:00 amRNSSECURITIES DEALING POLICY
23rd Dec 20107:00 amRNSNYO INTEREST IN REGIONAL PORTFOLIO TO MOVE TO 100%
16th Dec 201011:33 amRNSTULU KAPI COMMUNITY & ENVIRONMENTAL PROGRAM UPDATE
9th Dec 20108:39 amRNSDRILLING UPDATE
6th Dec 20107:00 amRNSCOMMENCEMENT OF REGIONAL DRILLING PROGRAMME
30th Nov 20107:00 amRNSGRANT OF OPTIONS
24th Nov 201010:17 amRNSRESULTS OF ANNUAL GENERAL MEETING
16th Nov 201012:43 pmRNSISSUE OF SHARES
8th Nov 20107:00 amRNSCOMPLETION OF GBP21.58 MILLION FUNDRAISING
5th Nov 201011:34 amRNSLETTER TO SHAREHOLDER
1st Nov 20107:55 amRNSRESULTS OF GENERAL MEETING/ISSUE OF SHARES
28th Oct 20108:03 amRNSQUARTERLY REPORT 30 SEPTEMBER 2010
21st Oct 20107:00 amRNSNOTICE OF ANNUAL GENERAL MEETING
21st Oct 20107:00 amRNSNOTICE OF ANNUAL GENERAL MEETING
18th Oct 20107:00 amRNSTULU KAPI DRILLING UPDATE
6th Oct 20107:00 amRNSREGIONAL AIRBORNE SURVEY COMMENCES
4th Oct 20107:00 amRNSFURTHER METALLURGICAL TEST RESULTS FROM TULU KAPI
29th Sep 20107:57 amRNSCAPITAL RAISING OF ?21.58M
13th Sep 20101:29 pmRNSBOARD CHANGES
10th Sep 201010:14 amRNS2010 ANNUAL REPORT
9th Sep 20107:00 amRNSUPDATED COMPANY PRESENTATION
8th Sep 20107:00 amRNSREGIONAL EXPLORATION PROGRAMME COMMENCES
6th Aug 20107:04 amRNSNYOTA BOARD AND MANAGEMENT APPOINTMENTS
5th Aug 20107:05 amRNSFURTHER POSITIVE DRILLING RESULTS AT TULU KAPI
29th Jul 20107:10 amRNSQUARTERLY REPORT 30 JUNE 2010
15th Jul 20107:50 amRNSFeasibility Study and New Appointments
14th Jul 201011:24 amRNSAPPOINTMENT OF MIRABAUD AS JOINT BROKER
5th Jul 20101:25 pmRNSEXERCISE OF JUNE 2010 OPTIONS
1st Jul 201012:41 pmRNSHOLDING(S) IN COMPANY
1st Jul 20107:00 amRNSCHANGE OF DIRECTORS INTEREST
29th Jun 20107:00 amRNSFOURTH DRILL RIG ARRIVES AT TULU KAPI
24th Jun 201011:58 amRNSCHANGE OF DIRECTORS INTEREST

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.