Shanta finds gold at Askari target

23rd February 2016 By: Megan van Wyngaardt - Creamer Media Contributing Editor Online

JOHANNESBURG (miningweekly.com) – A reverse circulation drilling programme completed at East Africa-focused Shanta Gold’s flagship New Luika gold mine (NLGM), in Tanzania, has delivered positive results.

The Aim-listed company on Tuesday reported that the 2 699 m first phase of drilling at the Askari mineralised target, located about 14 km west-northwest of the NLGM central processing facility, had encountered mineralisation in 24 of 26 holes.

Askari was one of the early-stage targets that formed part of Shanta's exploration programme within and surrounding the NLGM licence. The second phase of drilling would include step-out and in-fill drilling and would be included in Shanta's wider exploration programme.