Addis Ababa, November 13 (WIC) - Nyota Minerals has identified two new drill targets adjacent to its existing 690,000 ounce gold resource at Tulu Kapi in Ethiopia, according to smallcapnews.co.uk.

Nyota has been focusing its attention on bolstering the resource at Tulu Kapi and after reinterpreting gold-in-soil geochemical survey data has come up with a target for a potential northern extension to the main project strike, covering an estimated area of 300 meters by 300 meters.  

In addition, reinterpretation of geophysical data has also delineated a new NW oriented target with features diagnostic of gold mineralization at Tulu Kapi.

Commenting on the latest discoveries, Melissa Sturgess, Nyota’s chief executive, said: “These two new targets reaffirm our view that the Tulu Kapi Project has the scope to build substantially on the existing inferred resource."

Our objective remains to increase the inferred resource to the point where we feel confident to assess mining scenarios, Sturgess added.