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Shanta Gold reports 'highest ever reserves in company's history' and believes its 'repeatable'

Shanta Gold's (LON:SHG) Eric Zurrin talks to Proactive London about the company's pair of updates which together bolster the New Luika gold mine.

Zurrin explains that the company is two-thirds of the way through the 2020 exploration budget of US$5mln and so far reserves have increased by 75,000 ounces.

The increase came from the New Luika and Black Tree Hill deposits where reserve grades were significantly higher than the inferred resource grade.

Quick facts: Shanta Gold Limited

Price: 16.1 GBX

AIM:SHG
Market: AIM
Market Cap: £136.62 m
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Shanta Gold says recent raise for West Kenya Project created 'incredible...

Shanta Gold Limited's Eric Zurrin (LON:SHG) recently announced fundraising for drilling at their West Kenya Project created 'incredible interest'. Zurrin explains that the recent raise will allow the company to accelerate exploration in West Kenya which is a new gold district hosting what is...

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