Shanta Gold publishes West Kenya Project drilling results

Highlights:

• The drilling programme at the Ramula deposit is aimed at the conversion of the ‘inferred’ resources to ‘indicated’.
• Resource conversion drilling by Shanta at Ramula and proximal targets has only begun in the last 12 months and confidence has increased towards the line of sight to a 1.5 million oz resource.
• Drilling has now expanded to district targets within the wider Ramula Camp, currently including high priority targets Ramula, Miruka, and Anomaly 22; reassessment of the Ochiegue target is ongoing, which was previously drilled by Acacia.

Eric Zurrin, Chief Executive Officer, comment:

“I am delighted to announce further exciting news from West Kenya, with today’s drill results confirming our long-held belief that the project has the potential to become one of Africa’s next quality, high-grade gold mines. The team has encountered excellent intersections from three new targets at the Ramula Camp that, in time, may see the resource potentially increase from the original maiden inferred resource of 434 000 oz grading 2.08 g/t to at least another 1.5 million oz gold camp within West Kenya.

“Alongside the Ramula Camp and its growing resource, we have the 1.2 million oz resource already established at the Isulu/Bushiangala Camp. We look forward to providing shareholders with a mineral resource update from Isulu/Bushiangala before the year end. Our focus will then turn to updating the market on the Ramula mineral resource in the New Year where we have confidence in a material upgrade to indicated resources.”

Yuri Dobrotin, Shanta Group Head of Exploration, commented:

“The three new and recently reassessed targets, Anomaly 22, the Miruka system and the Ochiegue system, situated within a 5 km radius from the Ramula deposit, present several exciting additional open-pit and underground development options for the company, in what is a large prolific district owned by Shanta. As the team make great progress in upgrading a portion of the Ramula deposit from inferred to the indicated category, we are confident that these proximal targets will be advanced by additional drilling and that the growth potential is only starting to be realised.

“The West Kenya Project continues to deliver excellent results and we are very optimistic about its future.”

Read the article online at: https://www.globalminingreview.com/exploration-development/28112022/shanta-gold-publishes-west-kenya-project-drilling-results/