- Highly prospective licence adjacent to the Dutwa project, with identified Nickel Sulphide, PGE and gold targets.
Nyawa Project
Geology
A licence covering 102km2 of prime, underexplored, greenstone in the Lake Victoria Goldfields.
Located 6km east of 116Mt Dutwa Nickel Deposit and the historical Ngasamo Gold Mine the Nyawa licence forms part of the Kilamafeda (Swahili = “Money Hills”) Greenstone Belt and is underlain by Nyanzian Greenstone including Banded Iron Formation and a previously undiscovered, large, ultramafic body (Nyawa Ultramafic).
Base Metal Targets
- A previously undiscovered and untested Ultramafic body covering approximately 3+ km2.
- Historical geochemical hand augering returned elevated Ni-Cu-Co values on its northern margin.
- Follow up, broadly spaced, EM survey indicates a number of strong, potentially massive sulphide (Nickel?) .targets along the contact of the ultramafic body and along strike from the elevated auger results.
- Preliminary modelling of the EM results indicates target depth of less than 200m.
- Strong multi –element (Cu/Co/Pb) Auger target south of the Nyawa Ultramafic.
- Ground magnetics indicates probably extension to ultramafic to the east northeast.
Gold Targets
- Quality regional geophysical (ground magnetics) and geochemical database from previous exploration, highlighting the potential for a number of shallow high grade gold deposits
- Drill ready targets including NAN Corridor and Nyawa Ultramafic body already identified
- Significant exploration upside with a number of other prospective targets identified from the data
- Sagunada Target –low level gold values (masked by transported overburden) co incident with strong, 6km, ESE trending magnetic anomaly. Proposed infill mechanical augering with follow up drilling.
- Nyawa Hill Target –East /West trending soil anomaly, associated with contact of Banded Iron Formation –potentially high grade gold target. Proposed infill mechanical augering with follow up drilling.
