For thousands of other reports visit RSC's Mineral Intellingence Map
Shanta Gold Ltd.
Summary
| Project: | New Luika | |
|---|---|---|
| Deposit: | Bauhinia Creek | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 5/7/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-5-2019: Shanta Gold Ltd. announces an Exploration/Drilling Update report for its Bauhinia Creek deposit at the New Luika project. Drilling results incl. 7.33m @ 6.24g/t Au from 90.52m. Shanta Gold (AIM: SHG), the East Africa-focused gold producer, devel | |
| 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 first phase of its Bauhinia Creek drilling campaign at the New Luika Gold Mine ("NLGM") in South Western Tanzania, conducted during the second quarter of 2019. Phase 1 of the Company's 2019 drilling campaign at NLGM consisted of three diamond holes drilled at the Bauhinia Creek ("BC") Central underground mine. Drilling targeted areas immediately below the existing reserves and mine plan. Holes were drilled from level 740 inclined at between minus 54.7 and 73.3 degrees and averaged 138.6 meters in depth with a maximum of 143.7 meters down the hole. These results are over a strike length of 95 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. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report