3 Sep 2012 07:00
3 September 2012
Shanta Gold Limited
("Shanta Gold" or "the Company")
First Gold Pour at New Luika
Following the announcement of 20 August 2012 that production had commenced at its New Luika Gold Mine in south western Tanzania, Shanta Gold, the East African focused gold mining company, is pleased to announce that the first gold pour was successfully completed at the mine on Friday 31 August 2012.
Walton Imrie, Chairman of Shanta Gold, commented:
"This successful gold pour at New Luika is a great milestone achievement for Shanta Gold. We now have made the transition from exploration and mine development to being a fully fledged gold mining company and can now look forward to meaningful gold production from New Luika. We are delighted to have met the target we had set ourselves of making our first gold pour by the end of August 2012 and are on track to produce 13,000 to 17,500 ounces of gold in Q4 2012."
Enquiries:
Shanta Gold Limited | Tel: +255 (0) 22 2601 829 |
Walton Imrie / Gareth Taylor | |
Nominated Adviser and Broker | |
Liberum Capital Limited | Tel: + 44 (0)20 3100 2000 |
Michael Rawlinson / Clayton Bush / Christopher Kololian | |
Financial Public Relations | |
FTI Consulting | Tel: +44 (0)20 7269 7100 |
Billy Clegg / Oliver Winters |
About Shanta Gold Limited
Shanta Gold is an East African focused gold mining company. It currently has defined ore resources on the New Luika, Singida and Mgusu projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production and achieved first gold pour in August 2012. The Company is admitted to trading on AIM and has approximately 319 million shares in issue.
For further information visit the Company's website: www.shantagold.com.
SHG.L (SHG)