Shanta Gold publishes first resource for Singida
Eric Zurrin, chief executive at Shanta Gold (LON:SHG), runs Proactive through their first official resource at Singida - one of the miners two main deposits in Tanzania.
The junior operates the New Luika mine but Singida, in the centre of the country, is at a much earlier stage of development.
The Australian standard JORC resource of 728,000oz stems from 12.3mt at a grade of 1.84 g/t. The cut-off grade was 1.0 g/t.
Added to the resources already identified at New Luika, Shanta now has 2mln ounces of gold delineated in Tanzania.