Shanta Gold Ltd - New Luika and Singida gold mines in Tanzania and West Kenya project in Kenya - Reports "encouraging drilling intersections" from exploration drilling at the New Luika project in south west Tanzania in the third quarter. A total of 4,505 metres are drilled from 17 holes at the Bauhinia Creek Main, Bauhinia Creek East Area 1, and Luika areas. The results will be incorporated into the next update to the mine plan, including a reserve and resource update in the first quarter of next year. The current reserve life of New Luika has been extended to 2026, and Shanta is looking to add to that with exploration.
Current stock price: 11.50 pence, down 3.4% on Monday
Year-to-date change: down 32%
By Tom Waite; thomaslwaite@alliancenews.com
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