Nyota Minerals discovered New Gold Anomaly in Western Ethiopia

Nyota Minerals, the dual listed on the AIM Market of the London Stock Exchange (AIM:NYO.L) and the Australian Stock Exchange gold exploration and development company, has reported the discovery of a new gold anomaly at the Boka-West target in the company's fully Northern Block exploration license areas in Western Ethiopia.

The company reported that, the gold-in-soil anomaly extended for 2.0KM in length and was up to 500 metres (m) wide. The company said that it was also coincidental with anomalies for copper (Cu), zinc (Zn) and bismuth (Bi).

Richard Chase, Chief Executive Officer of the company said, “The delineation of a large target at Boka-West is testament to the success of our systematic exploration program in the Northern Blocks. The continued exploration  of our greenfield exploration assets is an important facet of Nyota’s development strategy, complementing our advanced preproduction project at Tulu Kapi."

"Subject to the first renewal of the exploration licenses and the requisite funding, we anticipate a first phase of drilling at Boka-West during the 2013-2014 field work season.” he added.

Source: Nyota Minerals



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