logo-loader
viewShanta Gold Limited

Shanta Gold extends New Luika mine life as debt continues to 'melt off the balance sheet'

Shanta Gold Limited's (LON:SHG) Eric Zurrin speaks to Proactive's Andrew Scott while at the Mines & Money conference in London 2019.

Shanta's recently unveiled a “significant increase” in reserves and resources at its New Luika gold mine in Tanzania.

Newly drilled targets have increased indicated resources at the project to 219,408 ounces, up from 83,543 announced in mid-July and 219% higher than the 57,916 ounces announced at the end of 2017.

Inferred resources, meanwhile, have increased to 94,007 ounces from 74,427, with further drilling planned to prove this up.

 

Quick facts: Shanta Gold Limited

Price: 11.125 GBX

AIM:SHG
Market: AIM
Market Cap: £88.32 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Shanta Gold Limited named herein, including the promotion by the Company of Shanta Gold Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Morning Report: Touchstone Exploration reports significant discovery at...

Headlines from the Proactive UK newsroom. Touchstone Exploration (LON:TXP) has made what it says is a significant crude oil discovery on the Ortoire exploration block, onshore Trinidad. Logs from the Cascadura-1 well indicate 1,037 feet of oil pay, which far exceeds pre-drill expectations...

on 16/12/19

2 min read