SHG.L Share News (SHG)

SHG.L Information

There is currently no data for SHG

Shanta Gold Ups New Luika Estimates As Completes Drilling Programme

Mon, 18th Nov 2019 11:48

(Alliance News) - Shanta Gold Ltd on Monday said it has upgraded a reserve and resource estimates for New Luika gold mine in south western Tanzania.

The new resources and reserves estimates follow drilling programme for the six-month period from April to the end of September, which totalled 8.5 kilometres and consisted of 81 holes, Shanta said.

Shanta's exploration strategy at New Luika is focused on the existing mining licences totalling 30 square kilometres, with additional drilling in the final quarter of 2019 and into 2020 aimed to test the extension of the Bauhinia Creek Deep West and East, Elizabeth Hill North, Bauhinia Creek North and Black Tree Hill deposits.

Minimal capital expenditure is required to bring these deposits into production, Shanta noted.

"We have high expectations that the targets will continue to grow both in size and number as we look to add to our mine life at New Luika," said Chief Executive Eric Zurrin.

Shanta shares were trading 0.8% higher in London on Monday morning at 8.47 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

More News

22 Apr 2014 07:39

UK MORNING BRIEFING: Glaxo And AstraZeneca Put M&A In Focus

LONDON (Alliance News) - UK shares have opened slightly higher Tuesday following gains on Wall Street over the long Easter weekend.

Merger and acquisition activity and discussion surrounding UK pharmaceutical giants GlaxoSmithKline and AstraZeneca

22 Apr 2014 07:12

Shanta Gold Narrows Loss In 2013; Plans New Luika Mine Extension

LONDON (Alliance News) - Shanta Gold Ltd Tuesday said it narrowed its losses in 2013, after it got its New Luika mine into production and was able to reverse a bad-debt provision. The gold producer posted a pretax loss of USD4.4 million for 2013, compared with USD14.7 million a year earlier

24 Feb 2014 14:30

CORRECT: DIRECTOR DEALINGS: Shanta Gold Executives Acquire Convertible Loan Notes

(An item published on February 20 at GMT1519 misstated the total number of loan notes held following two transactions due to a mistake by the issuer. The correct version follows.) LONDON (Alliance News) - Shanta Gold Limited PLC Wednesday said Strategic Adviser Johnathan Leslie acquired

20 Feb 2014 15:19

DIRECTOR DEALINGS: Shanta Gold Executives Acquire Convertible Loan Notes

LONDON (Alliance News) - Shanta Gold Limited PLC Wednesday said Strategic Adviser Johnathan Leslie acquired convertible loan notes in the company outlined below.

29 Jan 2014 10:29

Shanta Gold Announces Maiden Ore Reserve At Singida

LONDON (Alliance News) - Shanta Gold Ltd Wednesday announced its maiden ore reserve for the Singida Gold Mining Project in central Tanzania. The East Africa-focused gold production and exploration company said its proven on site ore reserve is now 1.39 million tonnes at 5.1 grams per tonne,

20 Jan 2014 08:41

Shanta Gold Says Gold Production Ahead Of Guidance, Sets Out 2014

LONDON (Alliance News) - Shanta Gold Ltd Monday said its full-year gold production was marginally ahead of guidance after a 3.6% increase in the fourth quarter. The East Africa-focused gold production and exploration company said it achieved 64,054 ounces of gold production for the twelve m

16 Jan 2014 10:17

Shanta Gold Increases Resources, Reserve At New Luika, Tanzania

LONDON (Alliance News) - Shanta Gold Ltd Thursday increased its resources for the Bauhinia Creek and Luika targets at its New Luika Gold Mine in Tanzania. The East Africa-focused gold production and exploration company said it has increased its on-site indicated mineral resource for Bauhini

16 Jan 2014 08:21

UK MORNING BRIEFING: Shares Down; Sports Direct Ups Interest In Debenhams

LONDON (Alliance News) - UK shares have opened mostly lower Thursday despite a strong lead from the US, as investors digest a rush of UK company announcements.

In another surprise from Mike Ashley, Sports Direct International said it has sold its 4.6% stake in Read more

13 Dec 2013 15:43

Soco International Chairman adds 50,000 shares

Soco International's Non-Executive Chairman, Rui de Sousa, has acquired 50,000 shares in the international oil and gas exploration and production company. The shares were purchased at 384.97p each for a total spend of £192,485. In its interim management statement last month the group said it was

11 Nov 2013 16:53

Aviva Non-Exec makes first investment

British insurance company Aviva on Monday said recently appointed Non-Executive Director Michael Mire had bought 7,500 at 439.89p each, his only holding in the group. Mire joined the company in mid-September as part of its ongoing programme to refresh the board. The company said on his appointment

11 Nov 2013 13:33

DIRECTOR DEALINGS: Shanta Gold CEO, Non-Exec Acquire 400,000 Shares

30 Oct 2013 11:00

DIRECTOR DEALINGS: Shanta Gold Non-Executive Buys Loan Notes

21 Oct 2013 16:52

Shanta Gold rises on higher gold production

Shares in Shanta Gold sparkled 1p to 14.75p by the close in London as the East Africa-focused miner reported higher production and a possible reserves upgrade. Shanta, which runs the New Luika and Singida projects in Tanzania, said third-quarter gold production rose 31% to 18,914 ounces against the

21 Oct 2013 07:34

Shanta Says Gold Production Up 31%; Provides Reserve Estimate At New Luika Site

14 Oct 2013 16:32

Software Radio non-exec stocks up as group looks ahead with confidence

Software Radio Technology announced Monday that Andrew Lapping, a Non-Executive Director, acquired 50,000 shares at 29.50p each, taking his total interest in the company to 1.18m shares. The group also gave a trading update, in which it revealed that it expects to report revenues of £3.2m and a lo

Latest Share Chat

SHG.L Share News (SHG)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Shanta Gold Ups New Luika Estimates As Completes Drilling Programme

Login to your account

Quickpicks are a member only feature

Login to your account