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Shanta Gold provides update regarding New Luika Gold Mine in Tanzania

According to Shanta Gold’s exploration update for Q2 2021, drilling at the Bauhinia Creek East Area 1 target at the New Luika Gold Mine (NLGM) in South Western Tanzania yielded 39,786 ounces (oz) of Indicated gold resources grading 4.74 g/t at a cut-off grade of 1.0 g/t Au.

116,247 oz have been added to Indicated Resources at NLGM in H1 2021, grading 6.47 g/t, at a cut-off grade of 1.0 g/t Au, according to the East Africa-focused gold producer, developer, and explorer (before H1 2021 depletion).

Eric Zurrin, CEO at Shanta Gold, commented, “These drilling results at the Bauhinia Creek East Area 1 further underline the resource potential at New Luika, with an additional 116,247 oz of gold being added to NLGM’s Indicated Resources in the first half of this year.”

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