| Announcement Date: | 2022-11-07 |
|---|---|
| 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. 0.6m at 76.6g/t Au from 520m |
| 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 76% of total planned drilling at West Kenya as at the middle of October 2022. 65% of total assays over the three phases of planned drilling 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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