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Shanta Gold provides West Kenya phase 2 high grade drilling update

Published by
Global Mining Review,


Shanta Gold – the East Africa-focused gold producer, developer, and explorer – has provided an exploration update for the West Kenya Project.

Highlights:

  • Phase 2 drilling programme aimed at conversion of the ‘inferred’ resources to ‘indicated’ at Isulu-Bushiangala.
  • This update relates to 2456 m of drilling from across seven diamond holes conducted in 3Q22 at the Isulu deposit:
    • Visible gold was identified in 6 intersections from seven holes drilled. Visible gold, including spectacular occurrences, has been identified in 67 intersections across 165 diamond holes drilled at Isulu, Bushiangala and Kimingini (Liranda corridor) since January 2021.
    • Intersections reported today include the seventh set of results received from Phase 2 of the ongoing diamond drilling campaign, which is targeting up to 550 m below surface; the assay results for the three remaining holes at Isulu are pending.

Eric Zurrin, Chief Executive Officer, comments:

“I am delighted to say that the West Kenya project has continued to deliver high-quality drilling results. The results that we have announced this morning are some of the best that we have delivered to the market this year.

“We have encountered bonanza-grade gold intercepts at Isulu including grades of 721 g/t, 210 g/t, 172 g/t, and 93 g/t which are within 100 – 200 m vertical distance of surface, in four different intersections across the 7 drilled holes. Intersections of that quality, of which we have consistently seen throughout our drilling campaign at West Kenya, is not something that is often seen in the portfolio of a junior miner like Shanta, or indeed any other global gold exploration projects.

“We are extremely excited as a team for what the West Kenya project can deliver to the Shanta portfolio, and with work underway on the updated Mineral Resource Estimate, shareholders can expect a further positive update in the coming months where we expect to see a significant conversion of the inferred resources to indicated ounces.”

Read the article online at: https://www.globalminingreview.com/mining/18112022/shanta-gold-provides-west-kenya-phase-2-high-grade-drilling-update/

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