Announcement Date: 2022-03-09
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Shanta Gold Ltd.
Project name: West Kenya
Location: Kenya
Commodities: Gold
Highlight: Initial Resource Estimate for Ramula Deposit
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 announce a maiden resource estimate for the Ramula target at the West Kenya Project (“West Kenya”) in Kenya. This maiden resource estimate follows the successful completion of the Company’s 2021 drilling programme at West Kenya and the Company expects to announce further updates in relation to Isulu-Bushiangala and Bumbo in the coming weeks. In the near-term, we are looking forward to updating shareholders on the updated mineral resource estimate at Isulu-Bushiangala as well as the re-estimated historical maiden resource at the Bumbo polymetallic target. The West Kenya Project continues to produce exciting results the more we look, and we are confident that it has the potential to be a multi-million ounce gold district comparable with other prolific greenstone belts in the world
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