Shanta Gold Limited (AIM:SHG, OTC:SAAGF) CEO Eric Zurrin joined Proactive's Stephen Gunnion with details of a resource update for its projects in Tanzania.
The company said total JORC 2012 compliant gold reserves now stand at 645,000 ounces grading 3.04 grams per tonne across its two projects in Tanzania, an increase of 20,000 ounces net of depletion.
Zurrin telling Proactive that combined with a big improvement in the gold price, Shanta Gold is in a much stronger position than it was three years ago. Its share price, however, doesn't yet reflect the big improvement.