9th Aug 2021 14:33
Shanta Gold Ltd - East Africa-focused gold producer - Notes high grade intersections at West Kenya project following first set of results from the second phase of the project. Says visible gold was identified in two intersections across 13 holes drilled. Expects to release a resource update in early September. Says it is on track to complete approximately 35% to 40% of total planned infill drilling at West Kenya by the end of 2021.
Chief Executive Eric Zurrin said: "Building on from the success of Phase 1 drilling at West Kenya, we are extremely encouraged by today's reported intersections which are the first results from this second phase. We believe this asset has the potential to be a high quality gold development project that could be transformational for Shanta and our shareholders as well as Kenya and its communities."
Current stock price: 12.70 pence
Year-to-date change: down 25%
By Greg Roxburgh; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
SHG.L