Aim-listed The Ramula target at Shanta Gold’s West Kenya project has received its first mineral resource estimate (MRE).
This comes after a successful drilling campaign in 2021, with more updates on other targets – Isulu-Bushiangala and Bumbo – expected in the coming months.
The Ramula target adds 434 400 ounces of inferred resources to West Kenya’s total resource, bringing it to 1.6 million ounces, up 36% from the previous MRE.
The West Kenya project continues to produce exciting results, according to CEO Eric Zurrin, and the targets reaffirm the project’s potential to be a multimillion-ounce gold district comparable to other world-class greenstone belts.
More expansion drilling is planned for the Ramula region, as are metallurgical testing, infill drilling for conversion to mineable resources and a scoping study.