Shanta Gold has announced an expansion of mineral resource estimate (MRE) for the Ramula target at the West Kenya project, in Kenya.
CEO Eric Zurrin revealed the report and said the Ramula target adds 434 400 oz of inferred resources to West Kenya’s total resource, which now stands at 1.6-million ounces – a 36% improvement on the previous MRE. The expansion follows a successful drilling programme conducted in 2021, with more updates expected on other targets – Isulu-Bushiangala and Bumbo – in coming months.
“The West Kenya project continues to produce exciting results and the targets reaffirm the project’s potential to be a multimillion-ounce gold district comparable with other prolific greenstone belts in the world. More expansion drilling is planned for the Ramula region, as are metallurgical testing, infill drilling for conversion to mineable resources and a scoping study,” said CEO Eric Zurrin.
Shanta has established a solid operational track record which has allowed it to embark on an exciting exploration campaign across its large and highly prospective licence areas. This exploration programme is targeting new resources to extend the mine life of New Luika as well as increasing resources at Singida project in central Tanzania.
The New Luika Gold Mine (100% owned) is a low cost, established, cash generative operation boasting high grade resources rarely found around the world. Shanta is focused on delivering maximised sustainable value for shareholders from this mine, and other assets in its portfolio, through meticulous expert management throughout the business.