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Shanta upgrades New Luika potential

A series of high grade intercepts at Shanta Gold’s New Luika gold operation in Tanzania has identified an extension to the existing mineralised envelope and will almost certainly lead to an increased resource and mine life.

Shanta upgrades New Luika potential Shanta upgrades New Luika potential Shanta upgrades New Luika potential Shanta upgrades New Luika potential Shanta upgrades New Luika potential

Additional resources and high grades have been identified nearby the New Luika plant

Annual production at New Luika is around 85,000 ounces.

Much of the success was registered over the Ilunga prospect, where leading hits included 14.73m grading 14.31g/t Au from 143m; 5.

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