Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
October 14, 2011

Nyota Minerals discovers gold in Ethiopia

Nyota Minerals has made three new gold discoveries at the 3,200km2 Northern Blocks, located about 100km north of Tulu Kapi gold project in Western Ethiopia.

Nyota Minerals has made three new gold discoveries at the 3,200km2 Northern Blocks, located about 100km north of Tulu Kapi gold project in Western Ethiopia.

An airborne magnetic survey completed in May has identified 47 targets, of which seven initial targets were followed up on the ground by mapping and sampling, including the Boka Sirba, Tsole Mole and Bendokoro targets.

Two discoveries have been made at the Bendokoro North prospect and one discovery has been made within the Boka Sirba prospect.

The Bendokoro East anomaly comprises an 800m strike length, 100m wide target and has returned gossan grab samples with peak grades of 10.6g/t Au, 8.89g/t Au, 8.81g/t Au, 5.67g/t Au, 4.29g/t Au and 3.18g/t Au.

The Bendokoro West anomaly extends over a 1km strike length, is 100-200m wide and includes continuous gold in soil geochemical results peaking at 1.39g/t Au.

The Boka-Sirba West has shown high Cu, Zn and Ag values associated with grab samples returning peak Au grades of 16.06g/t and 8.84g/t.

 

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU