Wednesday, Feb 03, 2010
LONDON (Dow Jones)--Nyota Minerals Limited (NYO.LN), a company focused on the exploration and development of gold and nickel projects in Africa, announced Wednesday highly encouraging results from the metallurgical test work program completed on samples from its Tulu Kapi gold project, Ethiopia, in January 2010.
MAIN FACTS:
-Test work results demonstrate highly encouraging average gold recoveries from Tulu Kapi ore samples
-Recoveries in excess of 95% achieved
-Results will support prefeasibility level capital and operating cost estimates for a gold recovery plant at Tulu Kapi
-Results demonstrate the potential for high recoveries and low operating costs when Tulu Kapi commences production
-Director, Evan Kirby, selected samples totaling 277kg in weight for the metallurgical test work during a site visit to Tulu Kapi in December 2009.
-The samples were taken from diamond drill core from the exploration drilling that formed the basis for the maiden JORC resource estimate of 690,000 ounces.
-Samples were taken from both Lodes One and Two.
-The metallurgical test work was conducted at AMMTEC Laboratories in Perth, Australia.
-The results are considered extremely encouraging and demonstrate the potential for high recoveries and low operating costs when Tulu Kapi commences production.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
(END) Dow Jones Newswires
03-02-10 0800GMT
