18th Oct 2010 07:00
Nyota Minerals Limited ('Nyota' or the 'Company')
TULU KAPI DRILLING UPDATE
|
Highlights
·; New positive assay results have been received for 21 reverse circulation ("RC") and eight diamond drill ("DD") holes
·; Highlight intersections include 5 metres at 20.57g/t, 8 metres at 6.44g/t and 7.75 metres at 5.03g/t
·; Drilling to the west of the main Tulu Kapi orebody has discovered Lode 0 in hole RC-099
·; Mineralisation remains open at depth, to the west, to the southwest and the north
|
The directors of Nyota Minerals Limited (AIM and ASX: NYO), announce further positive reverse circulation and diamond drill results from its flagship Tulu Kapi Gold Project in western Ethiopia.
Drilling remains focused on both the expansion and upgrade of the previously announced current Inferred JORC resource of 1.38 million ounces(25.45 Mt at 1.68 g/t gold using a cut-off grade of 0.5g/t of gold).
Commenting on the latest results, Terry Tucker, Chief Executive Officer, said: "We continue to make excellent progress with exploration at Tulu Kapi. These drilling results show that we are continuing to encounter significant gold mineralisation and the resource remains open at depth, to the west, to the southwest and to the north."
Latest results
Since the last drilling update announcement on 5 August, 2010, the Company has received gold fire assay results for a further 21 RC and 8 DD holes. Drill results are derived from a total of 7,961.15 metres (m) comprising 5,674 m of RC and 2,287.15 m of DD. Drilling has focused on continuing to generate data aimed at increasing the total gold resource at Tulu Kapi.
Expansion drilling has focused on those areas where mineralisation occurs between the drill limits of the current resource and into geological structures and different rock types that were previously thought to limit the extent of the mineralisation. Evidence continues to indicate that mineralisation remains open at depth, to the west (as indicated by a new western zone now named lode 0 that was intersected in RC-099), to the southwest and the north.
New intersections of mineralisation at depth in the structure known as Lode 3 have been particularly encouraging and include an intersection of 5.03g/t over 7.75 metres. The additional extension, infill and depth drilling is targeted ultimately to provide more ounces for the global resource statement. The aim is to prove up additional ounces for an open pit mining scenario and assess the possibility of further ounces for a future underground operation.
TO VIEW A MAP SHOWING TULU KAPI DRILLING 18 OCTOBER 2010, PLEASE CLICK ON THE FOLLOWING WEB LINK:
http://www.rns-pdf.londonstockexchange.com/rns/5211U_-2010-10-17.pdf
For further information please contact:
Terry Tucker
Nyota Minerals Limited
(+44) (0) 78 3324 8466
NOMAD
Richard Brown
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
Summary of all Results:
|
Hole ID |
Easting |
Northing |
Total Depth (m) |
Hole ID |
From Depth (m) |
To Depth (m) |
Length (m) |
Au g/t |
|
Reverse Circulation Holes |
|
|
|
|
|
|
||
|
TKRC-081 |
780591.8 |
1004424.8 |
200.0 |
TKRC-081 |
89.00 |
97.00 |
8.00 |
1.00 |
|
|
|
|
|
AND |
110.00 |
111.00 |
1.00 |
0.80 |
|
TKRC-082 |
780613.2 |
1004923.1 |
200.0 |
TKRC-082 |
44.00 |
49.00 |
5.00 |
0.68 |
|
|
|
|
|
AND |
178.00 |
182.00 |
4.00 |
2.57 |
|
|
|
|
|
AND |
199.00 |
200.00 |
1.00 |
3.32 |
|
TKRC-083 |
780578.0 |
1004820.7 |
88.0 |
TKRC-083 |
0.00 |
1.00 |
1.00 |
0.94 |
|
|
|
|
|
AND |
20.00 |
40.00 |
20.00 |
0.83 |
|
|
|
|
|
INCL |
23.00 |
32.00 |
9.00 |
1.61 |
|
TKRC-084 |
780647.9 |
1004870.6 |
200.0 |
TKRC-084 |
0.00 |
5.00 |
5.00 |
5.47 |
|
|
|
|
|
INCL |
1.00 |
2.00 |
1.00 |
16.60 |
|
TKRC-085 |
780602.7 |
1004745.1 |
201.0 |
TKRC-085 |
7.00 |
9.00 |
2.00 |
0.70 |
|
|
|
|
|
AND |
47.00 |
54.00 |
7.00 |
1.00 |
|
|
|
|
|
INCL |
48.00 |
52.00 |
4.00 |
1.43 |
|
|
|
|
|
AND |
110.00 |
114.00 |
4.00 |
2.14 |
|
|
|
|
|
AND |
178.00 |
180.00 |
2.00 |
4.03 |
|
|
|
|
|
AND |
193.00 |
200.00 |
7.00 |
0.93 |
|
TKRC-086 |
|
|
|
data pending |
|
|
|
|
|
TKRC-087 |
780718.4 |
1004636.2 |
200.0 |
TKRC-087 |
3.00 |
12.00 |
9.00 |
1.65 |
|
|
|
|
|
INCL |
5.00 |
6.00 |
1.00 |
10.55 |
|
|
|
|
|
AND |
55.00 |
58.00 |
3.00 |
17.61* |
|
TKRC-088 |
780614.8 |
1004807.3 |
200.0 |
TKRC-088 |
35.00 |
38.00 |
3.00 |
1.55 |
|
|
|
|
|
AND |
148.00 |
153.00 |
5.00 |
1.84 |
|
|
|
|
|
AND |
162.00 |
166.00 |
4.00 |
1.41 |
|
TKRC-089 |
780618.7 |
1004832.9 |
200.0 |
TKRC-089 |
0.00 |
9.00 |
9.00 |
1.36 |
|
|
|
|
|
AND |
120.00 |
125.00 |
5.00 |
2.73 |
|
TKRC-090 |
|
|
|
data pending |
|
|
|
|
|
TKRC-091 |
780448.7 |
1004728.7 |
200.0 |
TKRC-091 |
123.00 |
125.00 |
2.00 |
0.57 |
|
TKRC-092 |
780466.0 |
1004614.1 |
200.0 |
TKRC-092 |
34.00 |
42.00 |
8.00 |
1.16 |
|
TKRC-093 |
780489.4 |
1004758.7 |
200.0 |
TKRC-093 |
3.00 |
9.00 |
6.00 |
1.21 |
|
|
|
|
|
AND |
34.00 |
40.00 |
6.00 |
1.31 |
|
|
|
|
|
AND |
74.00 |
82.00 |
8.00 |
1.87 |
|
|
|
|
|
AND |
131.00 |
134.00 |
3.00 |
1.63 |
|
|
|
|
|
AND |
195.00 |
200.00 |
5.00 |
2.59 |
|
TKRC-094 |
780514.5 |
1004778.5 |
200.0 |
TKRC-094 |
0.00 |
6.00 |
6.00 |
0.91 |
|
|
|
|
|
AND |
17.00 |
26.00 |
9.00 |
0.96 |
|
|
|
|
|
AND |
35.00 |
39.00 |
4.00 |
2.29 |
|
|
|
|
|
AND |
43.00 |
76.00 |
33.00 |
0.53 |
|
|
|
|
|
AND |
119.00 |
121.00 |
2.00 |
0.66 |
|
|
|
|
|
AND |
140.00 |
143.00 |
3.00 |
0.90 |
|
TKRC-095 |
780503.7 |
1004818.7 |
200.0 |
TKRC-095 |
139.00 |
143.00 |
4.00 |
1.03 |
|
|
|
|
|
AND |
152.00 |
156.00 |
4.00 |
0.90 |
|
|
|
|
|
AND |
175.00 |
179.00 |
4.00 |
0.91 |
|
|
|
|
|
AND |
187.00 |
192.00 |
5.00 |
0.96 |
|
TKRC-096 |
780546.4 |
1004798.2 |
200.0 |
TKRC-096 |
30.00 |
53.00 |
23.00 |
1.08 |
|
TKRC-097 |
780294.1 |
1004911.4 |
200.0 |
TKRC-097 |
53.00 |
58.00 |
5.00 |
0.66 |
|
TKRC-098 |
780234.8 |
1004380.8 |
200.0 |
nsa |
|
|
|
|
|
TKRC-099 |
780256.9 |
1004444.7 |
200.0 |
TKRC-099 |
0.00 |
9.00 |
9.00 |
0.65 |
|
|
|
|
|
AND |
41.00 |
46.00 |
5.00 |
2.98 |
|
TKRC-100 |
780261.8 |
1004068.1 |
200.0 |
TKRC-100 |
54.00 |
57.00 |
3.00 |
0.63 |
|
TKRC-101 |
780325.4 |
1004313.0 |
200.0 |
nsa |
|
|
|
|
|
TKRC-102 |
780351.0 |
1004316.9 |
200.0 |
nsa |
|
|
|
|
|
TKRC-103 |
|
|
|
data pending |
|
|
|
|
|
TKRC-104 |
|
|
|
data pending |
|
|
|
|
|
TKRC-105 |
780415.7 |
1004416.1 |
200.0 |
nsa |
|
|
|
|
|
Diamond Drill Holes |
|
|
|
|
|
|
|
|
|
TKBH-043 |
780649.4 |
1004729.2 |
400.5 |
TKBH-043 |
48.00 |
52.00 |
4.00 |
0.95 |
|
|
|
|
|
AND |
68.00 |
75.00 |
7.00 |
2.53 |
|
|
|
|
|
AND |
146.00 |
148.00 |
2.00 |
0.52 |
|
|
|
|
|
AND |
167.00 |
170.00 |
3.00 |
1.61 |
|
|
|
|
|
AND |
187.00 |
189.00 |
2.00 |
1.84 |
|
|
|
|
|
AND |
193.00 |
196.00 |
3.00 |
0.84 |
|
|
|
|
|
AND |
201.00 |
225.00 |
24.00 |
2.07 |
|
|
|
|
|
INCL |
206.00 |
213.75 |
7.75 |
5.03 |
|
|
|
|
|
INCL |
222.00 |
224.00 |
2.00 |
2.48 |
|
|
|
|
|
AND |
260.85 |
265.06 |
4.21 |
1.38 |
|
|
|
|
|
AND |
314.15 |
315.30 |
1.15 |
21.80 |
|
|
|
|
|
AND |
335.40 |
338.00 |
2.60 |
2.60 |
|
|
|
|
|
AND |
354.00 |
357.00 |
3.00 |
0.43 |
|
|
|
|
|
AND |
367.00 |
368.00 |
1.00 |
1.02 |
|
|
|
|
|
AND |
391.30 |
392.10 |
0.80 |
0.91 |
|
TKBH-044 |
780631.0 |
1004608.5 |
200.1 |
TKBH-044 |
1.00 |
7.00 |
6.00 |
0.82 |
|
|
|
|
|
INCL |
1.00 |
5.00 |
4.00 |
1.09 |
|
|
|
|
|
AND |
88.00 |
89.00 |
1.00 |
1.22 |
|
|
|
|
|
AND |
122.00 |
127.00 |
5.00 |
20.57 |
|
|
|
|
|
INCL |
125.00 |
126.00 |
1.00 |
98.10 |
|
TKBH-045 |
780625.6 |
1004501.1 |
200.5 |
TKBH-045 |
0.00 |
3.00 |
3.00 |
0.40 |
|
|
|
|
|
AND |
28.00 |
33.00 |
5.00 |
1.05 |
|
|
|
|
|
INCL |
32.00 |
33.00 |
1.00 |
3.91 |
|
|
|
|
|
AND |
112.00 |
119.00 |
7.00 |
0.78 |
|
|
|
|
|
INCL |
112.00 |
117.00 |
5.00 |
1.00 |
|
|
|
|
|
AND |
136.00 |
138.00 |
2.00 |
0.64 |
|
|
|
|
|
AND |
197.00 |
198.00 |
1.00 |
1.19 |
|
TKBH-046 |
780662.0 |
1004427.0 |
200.0 |
TKBH-046 |
9.00 |
14.00 |
5.00 |
1.52 |
|
|
|
|
|
AND |
18.00 |
47.00 |
29.00 |
1.03 |
|
|
|
|
|
INCL |
23.00 |
40.00 |
17.00 |
1.47 |
|
|
|
|
|
AND |
58.00 |
61.00 |
3.00 |
0.88 |
|
|
|
|
|
INCL |
60.00 |
61.00 |
1.00 |
2.31 |
|
|
|
|
|
AND |
70.00 |
71.00 |
1.00 |
0.83 |
|
|
|
|
|
AND |
128.00 |
136.00 |
8.00 |
6.44* |
|
|
|
|
|
INCL |
133.00 |
134.00 |
1.00 |
43.90 |
|
TKBH-047 |
780547.9 |
1004641.5 |
400.0 |
TKBH-047 |
215.25 |
227.65 |
12.40 |
2.33 |
|
|
|
|
|
INCL |
219.10 |
227.65 |
8.55 |
3.32 |
|
|
|
|
|
INCL |
219.10 |
219.80 |
0.70 |
9.95 |
|
|
|
|
|
INCL |
226.65 |
227.65 |
1.00 |
7.27 |
|
|
|
|
|
AND |
242.70 |
253.05 |
10.35 |
0.81 |
|
|
|
|
|
INCL |
245.50 |
246.80 |
1.30 |
3.30 |
|
|
|
|
|
AND |
290.45 |
291.00 |
0.55 |
1.05 |
|
|
|
|
|
AND |
309.40 |
314.45 |
5.05 |
0.60 |
|
|
|
|
|
INCL |
309.40 |
310.48 |
1.08 |
2.19 |
|
|
|
|
|
AND |
285.20 |
287.20 |
2.00 |
1.37 |
|
TKBH-048 |
780575.8 |
1004824.8 |
200.0 |
TKBH-048 |
nsa |
|
|
|
|
TKBH-049 |
780345.7 |
1004160.6 |
386.1 |
TKBH-049 |
56.45 |
58.75 |
2.30 |
0.64 |
|
|
|
|
|
AND |
62.00 |
72.00 |
10.00 |
0.59 |
|
|
|
|
|
INCL |
62.00 |
63.00 |
1.00 |
2.99 |
|
|
|
|
|
AND |
119.56 |
120.85 |
1.29 |
3.15 |
|
|
|
|
|
AND |
180.00 |
182.00 |
2.00 |
1.35 |
|
|
|
|
|
AND |
240.00 |
242.00 |
2.00 |
0.71 |
|
TKBH-050 |
780374.1 |
1004935.6 |
300.0 |
TKBH-050 |
111.25 |
112.25 |
1.00 |
2.59 |
|
|
|
|
|
AND |
117.00 |
119.00 |
2.00 |
1.24 |
|
|
|
|
|
AND |
153.37 |
154.58 |
1.21 |
3.66 |
|
|
|
|
|
AND |
158.00 |
159.42 |
1.42 |
0.92 |
|
|
|
|
|
AND |
171.00 |
175.07 |
4.07 |
0.70 |
|
|
|
|
|
INCL |
171.00 |
173.00 |
2.00 |
1.19 |
nsa = no significant assays
* = uncut
The technical exploration and mining information contained in this Announcement has been reviewed and approved by Mr Terry Tucker (P.Geo). Mr Tucker has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity to which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and as a qualified person under the AIM Note for Mining, Oil and Gas Companies. Mr Tucker is an employee of Nyota Minerals Ltd and is a registered Professional Geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia, Canada.
Mr Tucker consents to the inclusion in this Announcement of such information in the form and context in which it appears.
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Nyota Minerals