Diamonds and Platinum – Sierra Leone
York Platinum JV
The York Peninsular Platinum Project is based on the Freetown Intrusion, a large layered basic-ultrabasic body that has been the source of historical alluvial platinum production, and has similarities to the Bushveld Intrusion of South Africa. A two-metre thick horizon with anomalous platinum values can be traced over a strike length of 8.5 kilometres. Rock and soil samples from weathered bedrock, assayed up to 0.84 g/t Pt.
The York Peninsular Platinum Project is based on the Freetown Intrusion, a large layered basic-ultrabasic body that has been the source of historical alluvial platinum production, and has similarities to the Bushveld Intrusion of South Africa. A two-metre thick horizon with anomalous platinum values can be traced over a strike length of 8.5 kilometres. Rock and soil samples from weathered bedrock, assayed up to 0.84 g/t Pt.
The York Platinum project is a joint venture with Jubilee Platinum plc, operated by Jubilee Platinum. Nyota’s interest under the York JV is currently 80%.
Lake Sonfon Diamond JV
In Sierra Leone Nyota retains a minority interest (24.5%) in the Lake Sonfon Diamond Project, operated by Mano River Resources Inc. (the Joint Venture partner). Mano River Resources Inc. has announced that reconnaissance work has confirmed the presence of macro-diamonds, one of which is classified as a clear white octahedral gemstone weighing 0.315 carats, and of kimberlite indicator minerals, within the Lake Sonfon JV area.