NYOTA MINERALS LIMITED
29 May 2015
Nyota Minerals Limited (ASX/AIM: NYO) is pleased to announce the start of the airborne geophysical survey at its 70% owned Ivrea nickel exploration project in the Piemonte Region of Italy.
The survey has been contracted to Geotech (www.geotech.ca) employing their Versatile Time Domain Electromagnetic ('VTEM') system. Geotech has a strong working relationship with a local helicopter hire company based in Piemonte, which was one of the key factors in their selection as the demands of flying a survey in the steep terrain will have a fundamental impact on the data that is collected.
Nyota has separately engaged Southern Geoscience Consultants in Perth ('SGC') to provide remote oversight of the data for independent quality control, analysis and interpretation. Its experience in the use of geophysics for nickel exploration is an important contribution to the programme.
The airborne survey is a fundamental part of the first year's work programme and comprises primarily of an electromagnetic survey intended to identify any extensions to the nickel sulphide mineralisation mined historically and any additional accumulations of sulphides in chosen areas of interest that may host nickel and associated base and precious metals.
Magnetic data will also be collected but due to the terrain the flight line orientations are not optimal for this secondary objective. Where the data is useable, its primary use is as a mapping tool to identify geological structures and different rock types.
The results of the survey will be interpreted with the benefit of the data available from the historic mines, previous exploration undertaken by ENI (the Italian integrated energy company) in the early
1980s, published academic research papers and the US Geological Survey geological mapping exercise published in 2003.
Nyota is funding 100% of the current expenditure on the Ivrea Project as part of its agreement to acquire 70% of the holding company, KEC Exploration Pty. Further details are available in the
announcement of acquisition dated 11 February 2015.
Perth Office: Suite 2, Level 1, 47 Havelock St, West Perth WA 6005 PO Box 368, West Perth WA 6872
Tel: (+61 8) 9324 2955 Fax: (+61 8) 9324 2977 info@nyotaminerals.com www.nyotaminerals.com
For further information please visit www.nyotaminerals.comor contact:
Richard Chase | Nyota Minerals Limited Chief Executive Officer | +61 (0) 8 9324 2955 info@nyotaminerals.com |
Michael Cornish Roland Cornish | Beaumont Cornish Limited Nominated Advisor and Joint Broker | +44 (0) 207 628 3396 |
Susie Geliher/ Elisabeth Cowell | Financial PR St Brides Partners Ltd | +44 (0) 20 7236 1177 |
Neither the contents of the Company's website nor the contents of any websites accessible from hyperlinks in the Company's website (or any other website) is incorporated into or forms part of, this announcement.
ENDS Nyota Minerals Limited (incorporated in Australia with ACN 060 938 552)Perth Office: Suite 2, Level 1, 47 Havelock St, West Perth WA 6005 PO Box 368, West Perth WA 6872
Tel: (+61 8) 9324 2955 Fax: (+61 8) 9324 2977 info@nyotaminerals.com www.nyotaminerals.com
|
distributed by
|
