Announcement Date: 2022-05-23
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. 13.8m @ 46.7g/t Au from 143.0m
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. This infill drilling is aimed at verifying the extent and geometry of the known mineralised zones developed for the current resource model. Shanta has now completed 51% of total planned drilling at West Kenya as at the end of April 2022. 40% of total planned drilling over three phases has now been reported. Gold mineralisation at the Project is hosted by sheared pillowed to massive basalts, bounded between ultramafic volcanics and polymictic conglomerates on one side and carbonaceous mudstones and sandstones on the other side. The deposits occur within the Liranda Corridor area, a 12 km structural trend located on the eastern limb of a broad synclinal structure intruded in the centre by granitoids and diorites, termed the Kakamega Dome. Mineralisation is associated with quartz, quartz-carbonate
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