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Shanta Gold Ltd.
Summary
| Project: | New Luika | |
|---|---|---|
| Deposit: | Bauhinia Creek | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 6/20/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-6-2019: Shanta Gold Ltd. announces an Exploration/Drilling Update report for its Bauhinia Creek deposit at the New Luika project. Drilling results incl. 16.02m @ 9.36g/t Au from 131.78m. Shanta Gold (AIM: SHG), the East Africa-focused gold producer, de | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Juma Kisunda, Paul W. Mbuya (Internal) | |
| ABSTRACT: | Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to provide an update from the second phase of its Bauhinia Creek ("BC") drilling campaign at the New Luika Gold Mine ("NLGM") in South Western Tanzania, conducted during the second quarter of 2019. Phase 2 of the Company's 2019 drilling campaign at NLGM consisted of three diamond holes drilled at the BC Central-West underground mine. The drilling targeted areas on the western side of the ore body, below the existing reserves and mine plan. Holes were drilled from level 740 inclined at between minus 38.2 and 73.8 degrees and averaged 167.7 meters in depth with a maximum of 182.9 meters down the hole. These results are over a strike length of 120 meters with holes spaced between 30 to 40 meter sections. It is estimated that the true widths of the mineralized zones are > 90% of the intersected widths in the holes. The mineralized zones are presented by moderately dipping quartz veins hosted by granodioritic rocks. | |
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