East Africa-focused gold miner Nyota Minerals (LON:NYO, ASX:NYO) has made three new discoveries within the 3,200-square kilometre area of its Northern Blocks exploration zone in western Ethiopia, the firm announced this morning.
Following May’s announcement that an airborne magnetic survey completed over the Northern Blocks had identified 47 targets of merit, seven initial targets were followed up and of these two discoveries have been made at the Bendokoro North prospect and one within the Boka Sirba prospect.
Nyota considers these three targets to be ‘drill ready’ and a multi-purpose drill rig has been allocated to them.
The Bendokoro East anomaly comprises an 800-metre strike length, 100-metre wide target and has returned samples with peak grades of 10.6 grams per tonne gold, 8.89 grams per tonne, 8.81 grams per tonne, 5.67 grams per tonne, 4.29 grams per tonne and 3.18 grams per tonne. Read more from proactive investors »
Nyota considers these three targets to be ‘drill ready’ and a multi-purpose drill rig has been allocated to them.
The Bendokoro East anomaly comprises an 800-metre strike length, 100-metre wide target and has returned samples with peak grades of 10.6 grams per tonne gold, 8.89 grams per tonne, 8.81 grams per tonne, 5.67 grams per tonne, 4.29 grams per tonne and 3.18 grams per tonne. Read more from proactive investors »
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