Shanta reports fruitful Phase 2 drill results
Aim-listed Shanta Gold has identified visible gold in two intersections across 13 holes drilled in May and June, at the Isulu and Bushiangala deposits, as part of the West Kenya project, in Kenya.
The company says the true width of mineralisation is estimated at about 60% to 70% of the intercept core length.
Shanta has conducted 3 369 m of drilling during Phase 2 of the project’s drill programme, the results of which included 1 m grading 13.9 g/t gold from 164 m, 3.6 m grading 6 g/t from 214 m and 3 m grading 4.3 g/t from 136 m.
The company expects to publish a resource update early in September and is on track to complete about 35% of total planned infill drilling at West Kenya by the end of the year.
“We have strategically allocated capital to deliver growth through exploration that we believe will generate long-term sustainable returns for our shareholders. Our drilling results so far this year continue to underpin our confidence in this approach,” notes CEO Eric Zurrin.
The drill programme aims to upgrade ounces from the inferred resource to indicated resource category, down to a depth of 600 m across three drilling phases.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation














