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Shanta Gold Ltd.
Summary
| Project: | Singida | |
|---|---|---|
| Deposit: | Singida | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 6/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-6-2018: Shanta Gold Ltd. announces a Resource Estimation report for its Singida deposit at the Singida project. Updated mineral resource estimate at the project. Shanta Gold (AIM: SHG), the East Africa-focused gold producer, announces an updated JORC co | |
| Resources: | (Resource, Total): 12.275Mt @ 1.84g/t Au for 725Koz Au contained at Singida | |
| CP/QP: | [Resources]: Awie Pretorius (Sphynx Consulting CC) | |
| ABSTRACT: | Shanta Gold (AIM: SHG), the East Africa-focused gold producer, announces an updated JORC compliant Mineral Resource Estimate ("MRE" or "Resource") and project update on the Singida Gold Mining Project ("the Project") in Central Tanzania. Eric Zurrin, Chief Executive Officer, commented: The objective of the modest 1,600 metre RC drilling programme in Q1 2018, which targeted two of the seven key targets at Singida, was to upgrade resources from the Inferred to the Measured and Indicated (M&I) categories. This objective has been achieved - M&I Resources have now increased to nearly 400,000 oz of gold at 2.08 g/t. A geophysics programme is planned for Q3 to test upside at the Cornpatch and Cornpatch West targets as we target ongoing expansion and upgrading of the resource. | |
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