Member Info for viable

https://www.standardmedia.co.ke/health/nyanza/article/2001432570/golden-dreams-in-bondo-leave-trail-of-destruction-and-deaths

It gets bigger. Had not realised, although having noted last year's report, that we were in Wagusu, Abimbo, Dago and Yamo Oloko.

Luika Deep
With measured assays @ ~560 m thoughts of e.g. a Western Deeps-type mine are getting closer. For scale see Lion's Head, 584 m (https://www.flickr.com/photos/air_traveller/13635348724)
which is the biggest exposed granite outcrop I have explored with a hammer pick . . . a good spot (70degree incline) for manganese, mica and crystals.

NLGM is now being exploited right up to its fence line limits. Besides Porcupine South mining licence what else is available to Shanta around Lupa?

https://drive.google.com/file/d/1QwINTdzBPdDeD_P_xMF8HKGyZeZiGViT/view

Omitted from yesterday.
Kolnick remains a believer.
TSX/SOU doing okay @ C$1.05.

https://money.tmx.com/en/quote/SOU

The spudded batch will all point due south and will pass under Mt Olive Rd.
Coordinates = 31.742585, -89.844858 are to be found on -

https://www.google.co.uk/maps/place/Mt+Olive+Rd,+Mississippi,+USA/@31.7420329,-89.8437422,667m/data=!3m1!1e3!4m5!3m4!1s0x8882b1a7e2a7c173:0x74441caf5d4c49d5!8m2!3d31.7547077!4d-89.8149445
(satellite view)

which is to be from a previously used pad.
#41 heavyweight it is.
Topdrive: VARCO TDS-11 SA 500 Ton 800 HP

Prognosis/reports received today are good.
Better in some respects to DEC although I'll take up a small parcel.

Eric, judging from the backdrop, it looks as though he was speaking from WK. I am no Yuri or Michelle but by taking known local geological features, comms with more than one party and generally accepted principles into account the argument for greater reserves surely gathers credibility.

The science becomes more compelling. Readers should only follow the two links below if free time permits and/or documentary-type style is of interest. Wits geology ex-graduates are among the best commentators on orogenesis and mineralisation.

I am especially interested to learn if Shanta regards WK and Songwe/Lupa as being of detrital (placer)/modified placer or hydrothermal or a combination of the two.

NLGM is said to comprise twelve known deposits. Having determined Porcupine South as being 22 km from the three mine mills (on a decent graded road) the axis/inclination is clearly east-west. Joining the dots between Elizabeth Hill, etc reminds me of the Rietfontein (southern Witwatersrand) fault.

Bearing in mind Rukwa/Mbeya geothermal characteristics the prospect of "hydrothermal" underliers becomes valid. Also, according to map detail, granitoids are very evident along the northern line. There are 10 volcanoes around Mbeya; the Shanta footprint is getting closer to Nkozi crater lake.

W Kenya is of separate origin although the vast Mt Elgon volcano must have been of some influence. The Kakamega Dome fringes the Au deposits which are likely concentrated during migration.

https://www.bing.com/search?q=witwatersrand+gold+deposits+youtube&cvid=04e21c351bfc464cb7143433ad643c84&aqs=edge..69i57j0l6j69i60l2.42114j0j1&pglt=43&FORM=ANNTA1&PC=U531

https://www.youtube.com/watch?v=VUOIj1MmGfw

Singida with first pour within 6 months is a separate feature. It has attracted little recognition but with seven known deposits will become a significant catalyst.

https://rapaddrilling.com/rig-41/

Behind the curve here if rig #41 with its 25,000' reach and greater capacity is the choice.
Plenty to examine on the latest presentation;

https://southernenergycorp.com/wp-content/uploads/2022/11/Southern-Energy-Corporate-Presentation-November-2022-.pdf

A reassuring update today.

Not enjoying a haemorrhaging SP but said I would hang in until H2 2023.
Well aware that 8Capital could start withdrawing but believe we can get to £1 beforehand . . . and beyond (?)

MrB - My posts on WK (and Mbeya, Tanz) are based on familiarity with the greenstone belts.

Current MRE might have crossed 2m ozs this week. 25% more drilling results are yet to come from phase 3. There are also 6 camps in the Ramula district plus outliers such as Bombo and Kiminini. As far as I understand it drilling in all camps will not exceed 600 m . . . more mineralisation is to be found below it.

Kakamega(Rosterman mine) is on the eastern extremity. The corridor stretches WSW to Lake Victoria at Usenge. That's >80 km from the Rosterman.

The fault lines in the diagram below hold more possibilities. Note the lines running to the shore. Additional shear lines also cross N>S. Refer -

https://www.researchgate.net/figure/Geology-of-the-Busia-Kakamega-Greenstone-Belt-western-Kenya_fig1_305918166

An attempt will be made to cross-reference with the Klerksdorp group. It may seem off-piste but I would like to see a 5 m oz resource being reached. Witwatersrand deposition differs but is still relevant to Liranda.

https://www.bing.com/videos/search?q=kakamega+rocks&&view=detail&mid=7AF148A8B7B4AF97B8B87AF148A8B7B4AF97B8B8&rvsmid=28CF4B8200EACFC4234028CF4B8200EACFC42340&FORM=VDQVAP

Further information follows tomorrow.

It is understood one hole only has been drilled at the old Rosterman mine . . . into a section that was ignored in the 1930s. Possible attention to be given to it later.

https://www.youtube.com/watch?v=Q3UVdaWIPQE

Have been looking for activity in our cabbage patch. Nothing new.
The only Chinese investor up there evidently went ahead with the gold refinery investment. Our only incidental investment was a contribution to KK Security training in Kakamega.

A relief to hear Eric's pragmatism and rationale.
Someone wanted a valuation without contemplating extent of assets.
WK may produce fair MRE of ~3m ozs Au.
Could even be as high as 5m ozs come H2 2023.
Liranda has a massive footprint and we have most of the acreage.
Voetstoots, combined with Lupa/Singida, and after correspondence with East Africa's embryo mining principals, SHG might even attract a $2bn label. Let's see if Barrick and AngloGold come to the table.

> No price tag before all short-term drilling objectives have been completed. We are in a good position, especially after completion of a lab at NLGM.

https://www.proactiveinvestors.co.uk/companies/news/937646/shanta-gold-appoints-yuri-dobrotin-as-its-group-exploration-manager-937646.html

Yuri, our geologist (together with Michelle), is best equipped to put a valuation on assets . . . and that figure is multiples of anything envisaged here. He has been working on the project via Barrick/Acacia > 10 years. A WK mineral resource next year of, say, 3m ozs will blow everyone's ideas out of the water.

My own inclination has been towards Ramula camp/district development. It might not be altogether straightforward as population density is heavier than I remember it. Hectares of ground mean resettlement costs. Who pays? I plan to check with THS management to learn their plan for Great Dyke, Zim.

My greater knowledge is on the Witwatersrand/Vaal Triangle. Theta's ideas out at Pilgrim's Rest put new light on open-pit ops/ Under $70m for a new venture takes some believing, and I regret not having a direct line to Eric, i.e. skyping him every month.

https://themarketherald.com.au/theta-gold-mines-asxtgm-receives-glowing-review-from-brandon-hill-capital-2020-05-08/

re: Luika - surface exploration is now almost to the Saza outskirts. Most of it is bushveld between the tailings dam and the village. New zones are being opened up.
re: Singida - seven subcamps are in thinly populated areas, making life easier.

. . . that's why Bushi/Isulu, Ramula, etc should be regarded as more complex.

https://www.geologyforinvestors.com/the-dixie-project-a-new-gold-camp-on-the-horizon/

If Kinross acquired Dixie for $1.8bn - not that I have followed it meticulously - many of the sentiments expressed here are laughable. The extent of the WK corridor is unknown. Au deposits stretch all the way to Busia, Uganda. Shanta's known footprint is at least 1,162 km2.

And many here value us @ <$210m. Maths is certainly not their strong suit. Try again if you value/rate past assays.

https://diariolaregion.com/web/la-paz-volvio-al-puinahua/

Yes, looks encouraging.
Also, yesterday's aerial had Iquitos-built, white-hulled barge tied alongside in the background . . . lining 'em up.

https://lodicelagente.com/nacional/perupetro-modificacion-del-contrato-del-lote-95-esta-lista-e-incluye-fondo-de-desarrollo/

. . . forgot to put up license revision detail in September

https://diariolaregion.com/web/lote-95-para-la-olla-de-loreto/

https://diariolaregion.com/web/nativos-de-cuninico-suspendieron-de-manera-temporal-bloqueo-del-rio-maranon/

Increased newsflow i.r.o. Bretaña.
Those barges appear to be Novum heavyweights.
Navy stepping up presence in Loreto.

Comments and criticism are understandable. Some might remember my annoyance at the time of the cash raise. Subsequent explanations for the step restored confidence.

Whilst precise timeframes are unknown a final add-on @ 63p - admittedly £2k only - was made last week. If anything I am lower in belief of turnaround in our economic recovery than SOUC's medium-term future.

Decline rates have been commented on in the past and were the subject of comms with Bruce Oksol and others. They are a factor and were one of the reasons for the ~$30m cash buffer . . . have the resources in the bank in order to maintain a continuous drilling programme.

https://diariolaregion.com/web/crecimiento-del-fondo-de-desarrollo-para-puinahua-requiere-la-ininterrumpida-operacion-del-lote-95/

new target > barges > logical

https://diariolaregion.com/web/crecimiento-del-fondo-de-desarrollo-para-puinahua-requiere-la-ininterrumpida-operacion-del-lote-95/

Potential $100m end-2023 not to be sniffed at.
Get rid of James Perez pronto.

I now expect the Ramula-Ochiegue-Miruka-Dhene system to eventually become our largest mine . . . if we can keep all suitors at bay. With 600 m targets becoming openly discussed it would be a surprise not to hear Mark Bristow re-entering the frame.

https://www.barrick.com/investors/annual-report/mark-bristow/default.aspx

Knowledge base is confined to Rosterman (Bushi/Isulu). Kiboko history is skechy but Kimingini opens a new dimension in the corridor.

It seems most new posters are hell-bent on a fast buck, saturating the board. Bring on Yuri, I say, to put meat on the bone. Some very big days ahead.

One correction . . . there will be at least two open pits around Kakamega as distances are now stretched to 40+ km. Our new Witwatersrand, dare one say it.

https://www.enr.com/articles/55217-fire-marshal-details-cause-of-blaze-at-still-shut-freeport-lng-site