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Ivrea Project: Airborne Geophysical Survey Commences
Nyota Minerals Limited (LSE:NYO) has announced 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, which has a strong working relationship with a local helicopter hire company based in Piemonte. This relationship, the company said, was a key factor in selecting Geotech 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 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.
