Shanta records strong drill results at West Kenya
Aim-listed Shanta Gold has reported “exceptionally strong” results from Phase 1 of a drilling programme at its West Kenya project.
This follows the completion of 2 572 m of drilling across 15 holes conducted in April and May at the Isulu and Bushiangala deposits.
Drilling intersection highlights include visible gold identified in four different intersections across the 15 holes drilled.
The true width of mineralisation is estimated at about 60% to 70% of the intercept core length.
Phase 1 drilling of 9 383 m is now complete, and a resource update will follow.
Phase 2 drilling, targeting 200 m to 450 m below surface, started in June and a third rig has been mobilised to West Kenya.
Shanta remains on track to complete 35% to 40% of total planned drilling at West Kenya by the end this year.
“Throughout the course of this programme we have delivered some of the best drilling results we've ever seen at Shanta and we look forward to progressing Phase 2 across our portfolio of licences as we look to uncover West Kenya's true potential.
“Exploration is integral to our sustainable growth story and we look forward to updating our stakeholders on further progress at New Luika and West Kenya in the near-term. Our diversified portfolio has the potential to transform Shanta into a midtier gold producer in Africa to support long-term returns for shareholders,” CEO Eric Zurrin says.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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