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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
Date   Source Headline
23rd Jun 20109:53 amRNSCHANGE OF DIRECTORS INTEREST
18th Jun 20108:16 amRNSHoldings in Company
17th Jun 20107:00 amRNSPOSITIVE DRILLING PROGRESS AT TULU KAPI
15th Jun 20109:12 amRNSADDITIONAL PROSPECTIVE GROUND IN ETHIOPIA AQUIRED
14th Jun 20107:00 amRNSCOMPLETION OF ?3.44 MILLION SUBSCRIPTION BY IFC
2nd Jun 20107:00 amRNSRESULTS OF GENERAL MEETING
28th May 20107:03 amRNSFINAL AGREEMENTS SIGNED:IFC SUBSCRIPTION ?3.44MILL
24th May 20107:00 amRNSTRANSFER OF INTEREST IN SWAZIGOLD PROJECT
14th May 20107:10 amRNSNYO APPOINTS TERRY TUCKER:CHIEF OPERATING OFFICER
6th May 20107:11 amRNSTULU KAPI RESOURCE INCREASE - 1.38 MILLION OUNCES
4th May 20107:00 amRNSNOTICE OF MEETING OF SHAREHOLDERS
27th Apr 20107:03 amRNSCHANGE OF DIRECTORS INTEREST
26th Apr 20107:00 amRNSQUARTERLY REPORT 31 MARCH 2010
14th Apr 20107:18 amRNSIFC INVESTMENT IN NYOTA
12th Apr 20107:00 amRNSOPTION TO ACQUIRE NEW PROSPECTIVE ETHIOPIAN AREAS
24th Mar 20107:00 amRNSTULU KAPI DRILLING UPDATE
22nd Mar 20107:00 amRNSBOARD CHANGES
16th Mar 20107:00 amRNSHALF YEAR REPORT 31 DECEMBER 2009
4th Mar 20107:00 amRNSNYOTA APPOINTS OCEAN EQUITIES LTD AS JOINT BROKER
23rd Feb 20104:46 pmRNSIssue of Shares and Options
22nd Feb 20107:00 amRNSRESULTS OF GENERAL MEETING
15th Feb 20107:00 amRNSSHAREHOLDER LETTER
4th Feb 20108:04 amRNSSALE OF INTEREST IN PHILIPPINE COAL PROJECT
3rd Feb 20107:40 amRNSTULU KAPI METALLURGICAL TEST RESULTS
1st Feb 20107:06 amRNSCOMPLETION PRE-SCOPING STUDY TULUKAPI GOLD PROJECT
29th Jan 20107:00 amRNSQUARTERLY REPORT 31 DECEMBER 2009
22nd Jan 20107:00 amRNSNOTICE OF MEETING OF SHAREHOLDERS
20th Jan 20107:14 amRNSEXPLORATION RESULTS:TULU KAPI GOLD PROJECT
7th Jan 20109:25 amRNSHolding(s) in Company
23rd Dec 20097:01 amRNSISSUE OF OPTIONS TO EMPLOYEES AND CONSULTANTS
18th Dec 20097:00 amRNSPLACING TO RAISE GBP2.25 MILLION
30th Nov 20097:00 amRNSResults of Annual General Meeting
13th Nov 20097:27 amRNSUPDATED COMPANY PRESENTATION
12th Nov 20097:01 amRNSNEW TARGETS GENERATED AT TULU KAPI GOLD PROJECT
3rd Nov 20097:00 amRNSUpdated Company Presentation
30th Oct 20097:00 amRNSNotice of Annual General Meeting
30th Oct 20097:00 amRNSQuarterly Report 30 September 2009
23rd Oct 20097:09 amRNSNesta - Completion of Compulsory Acquisition 23100
22nd Oct 20098:07 amRNSNyota Minerals Ltd Shareholder letter Oct 09
16th Oct 20097:00 amRNSAppointment of Executive director
6th Oct 20097:26 amRNSIndependent technical review - Tulu Kapi Project
5th Oct 20097:00 amRNSPOSITIVE EXPLORATION RESULTS PRODUCE NEW TARGETS
29th Sep 20097:04 amRNSStatement re: Name Change and new ISIN
25th Sep 20097:03 amRNSNyota Update - Muremera Nickel Project
22nd Sep 20097:00 amRNSChange of Name and Website Address
14th Sep 20097:02 amRNSTulu Kapi Maiden Inferred Resource - 690000oz Gold
10th Sep 20098:56 amRNS2009 Annual Report
10th Sep 20097:24 amRNSHolding(s) in Company
3rd Sep 20097:17 amRNSIssue of Shares and Options
2nd Sep 20097:00 amRNSResults of General Meeting

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