London, England — 14 June 2013 – British gold exploration and development company Nyota Minerals Limited has announced the discovery of a new gold anomaly at the company’s wholly-owned northern block exploration areas in western Ethiopia.
allAfrica.com reports that Nyota’s new Boka-West gold-in-soil anomaly extends for two km in length and is up to 500m wide.
Nyota has had an exploration licence since May 2005, and discovered the Tulu Kapi reserve in the Tulu Kapi area, which is only 150 km from the Sudan border. It has become the company’s flagship project.
The presence of gold in Tulu Kapi has been known since the 1930s, when an Italian company conducted surface mining activities. Subsequenctly, the United Nations Development Programme (UNDP), along with the Ministry of Mines and Energy, also conducted a detailed geological mapping and systematic exploration activities in 1970’s.
The delineation of a large target at Boka-West is testament to the success of our systematic exploration programme in the Northern Blocks, said Nyota CEO Richard Chase.
Nyota applied in May 2011 for a 10-year licence to start mining on the 11,000sq km area. The company has submitted a technical feasibility study confirming the presence of the gold reserves, as well as an Environmental and Social Impact Assessment (ESIA).
Tulu Kapi’s latest mineral resource estimate was increased to 24.90Mt@ 2.34g/t gold, containing 1.9Moz gold. This includes an upgrade and increase in the indicated category of 33% to more than 1.1Moz@ 2.36g/t gold; and an inferred resource of 764,000oz.
Source: allAfrica.com. For more information, click here.