Swaziland - Gold
Nyota holds a 45% indirect interest in the Swazigold Project in Swaziland, Africa. The project is a large (435 square kilometre) gold exploration play in the highly prospective Archaean Barberton Greenstone Belt in Swaziland, historically a producer of 11.5 million ounces of gold.
Previous owners drilled some 13,500 metres of the Project area, providing the Company with a drill database that includes numerous gold intersections. These have allowed Nyota to determine targets for both infill drilling and the development of extensions to established zones of mineralization. From an initial review of the geology, the Company believes the Project has the potential for proving more than two million ounces of high-grade gold mineralization. Numerous targets, ranging from advanced drilling projects to promising geochemical anomalies, have been identified along a 40-kilometre strike length.
Previous owners drilled some 13,500 metres of the Project area, providing the Company with a drill database that includes numerous gold intersections. These have allowed Nyota to determine targets for both infill drilling and the development of extensions to established zones of mineralization. From an initial review of the geology, the Company believes the Project has the potential for proving more than two million ounces of high-grade gold mineralization. Numerous targets, ranging from advanced drilling projects to promising geochemical anomalies, have been identified along a 40-kilometre strike length.