Shanta Gold, the East Africa-focused gold producer, developer and explorer, is pleased to provide an exploration update for the West Kenya Project (“West Kenya”) in Kenya.
According to the report, consistently strong results from the Phase 2 drilling programme reinforces Shanta’s confidence in the asset and further builds on the business’ exploration success across its entire portfolio throughout 2021.
This update relates to 6,803 metres (“m”) of drilling across 25 holes conducted in Q3 and Q4 2021 at the Isulu and Bushiangala deposits (“the Deposits”).
Drilling intersection highlights are as follows:
Regional exploration drilling commenced during Q4 at a third drilling site – the historical Ramula target – where assays have been received from the first of 12 holes drilled, as part of the resource drill-out programme, totalling 451 m with highly encouraging results;
- 5 separate occurrences of visible gold in drill hole RMD0010
- Potential bulk zone of 60.8 m @ 3.75 g/t from 155.8 m, including the below distinctly identifiable results:
- 2 m @ 8.31 g/t from 155.8 to 163.0 m
- 2 m @ 41.5 g/t from 157.0 to 158.2m
- 5 m @ 19.2 g/t from 175.2 to 175.7 m
- 6 m @ 9.37 g/t from 187.9 to 203.5 m
At the Isulu and Bushiangala deposits:
- Visible gold was identified in 7 intersections across 25 holes drilled. Year to date, visible gold has been identified in 30 intersections across 93 holes drilled
- Intersections reported today include the second set of results received from Phase 2 of the ongoing drilling campaign, which is targeting up to 450 metres below surface; and
A consolidated resource update, including Phase 2a and also Phase 1 which has already been announced is expected to be released in mid Q1 2022.
According to Eric Zurrin, Chief Executive Officer this is the most consistently high-grade drilling programme that has ever been conducted at any asset in Shanta’s history.
“This announcement, which confirms another set of high-grade drilling results at our West Kenya Project across the Bushiangala and Isulu deposits, gives us significant confidence in the wider prospectivity in our vast licence area. Both of these deposits have proven to be high-grade ore bodies and today’s results – with a hit of 6.4 m grading 47.3 g/t at Bushiangala – reaffirm our excitement at the potential of West Kenya to transform Shanta to a mid-tier gold producer,” he said.
Regional exploration drilling also commenced at the third target area, Ramula, with visible gold identified in 5 occurrences in the first hole, and further encouraging results reported including the potential for a bulk zone following an intersection of 60.8 m grading 3.75 g/t – signalling the potential for even more high-quality discoveries across the broader licence area.
“As we continue to progress our exploration drilling programme at West Kenya, our ambition is to increase the resource conversion rate and ultimately the total resource estimates, further strengthening our future development portfolio. We will complete 35-40% of total planned drilling of 84,000m at West Kenya by the end of this year and look forward to providing a resource update in early 2022.”
Read the full update here