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Shanta Gold Ltd.
Summary
| Project: | Singida | |
|---|---|---|
| Deposit: | Singida | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 4/9/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-4-2018: Shanta Gold Ltd. announces an Exploration/Drilling Update report for its Singida deposit at the Singida project. Drilling results incl. 10m @ 20.82g/t Au from 138m. Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and exp | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Awie Pretorius (Internal) | |
| ABSTRACT: | Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce results from its exploration and resource infill Reverse Circulation (“RC”) drilling conducted during the first quarter of 2018 at the Singida Gold Mining Project (“Singida” or “the Project”) in Central Tanzania. Following a review of available exploration data for Singida in the last quarter of 2017, an RC drilling programme was recommended. The aim was to test the down-dip and down plunge continuity of the high grade mineralized shoots that will facilitate upgrading of resources immediately below the current designed pits from the Inferred to the Measured and Indicated (M&I) categories. The first part of the drilling programme focused on the Gold Tree and Jem deposits in February and March 2018, during which 15 holes representing 1,603 metres were completed. Assay results for the 15 holes have been received and are currently being modelled. The results will be submitted to the Company’s independent resource consultant for resource estimation purposes in the coming months for generation of an updated mineral resource estimate at Singida. | |
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