| Announcement Date: | 2021-11-29 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Shanta Gold Ltd. |
| Project name: | West Kenya |
| Location: | Kenya |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 6.4m @ 47.3g/t Au from 224.4m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to provide an exploration update for the West Kenya Project (“West Kenya”) in Kenya. The West Kenya Project covers 1,162 km² of the highly prospective and underexplored greenstone Archaean Busia-Kakamega Gold Belt in western Kenya. Ongoing drilling at the Isulu and Bushiangala deposits is aimed at upgrading ounces from the Project’s NI43-101 compliant Inferred Mineral Resource Estimate (2,909,700 tonnes at 12.6 g/t Au for 1,182,300 ounces stated in 2017) into the Indicated Resource category down to a depth of 600 metres across three drilling phases. This infill drilling is aimed at verifying the extent and geometry of the known mineralised zones developed for the current resource model. Shanta is on track to complete approximately 35- 40% of total planned drilling at West Kenya by the end of 2021. 65% of total planned drilling for 2021 and 25% of total planned drilling over three phases has now been reported. Three drill rigs are currently active at the Isulu and Bushiangala deposits in West Kenya. |
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