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Shanta Gold reports high grades from phase 1 drilling programme at West Kenya project

"We have delivered some of the best drilling results we've ever seen at Shanta," said CEO Eric Zurrin

Shanta Gold Limited -

Shanta Gold Ltd (LON:SHG) announced high-grade drilling results from the phase 1 drilling programme at its West Kenya project.

Visible gold was identified in four different intersections across 15 holes drilled as part of the drilling programme conducted in April and May 2021 at the Isulu and Bushiangala deposits.

Some of the highlights were: 4.5 metres at 69.9 grammes a tonne (g/t) gold, including 3.0m at 94.4g/t; 2.0m at 24.4g/t gold; and 1.5m at 55.6g/t gold.

Phase 1 drilling, totalling 9,383 metres, is now complete. Phase 2 drilling, targeting 200-450 metres below surface, started in June and a third rig has also been mobilised to West Kenya.

"We're delighted to have reported another set of exceptionally strong results from Phase 1 of our drilling programme at West Kenya,” said chief executive Eric Zurrin.

“Throughout the course of this programme we have delivered some of the best drilling results we've ever seen at Shanta, and we look forward to progressing Phase 2 across our portfolio of licenses as we look to uncover West Kenya's true potential.”

Shanta said it is on track to complete about 35-40% of total planned drilling at West Kenya by the end of 2021.

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AIM:SHG

Price: 13.25 GBX

Market Cap: £138.87 m

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Shanta Gold: West Kenya gold project is looking like 'ace in the hole' says...

Shanta Gold Ltd (AIM:SHG) has recently reported the second-best exploration result this year when it announced further high-grade drilling results from its West Kenya gold project as Mining Capitals' Alastair Ford explains.  He says 'Shanta is pretty well set up' after the West Kenya drill...

on 13/8/21

2 min read