Visible Gold Identified In Three Intersections Across 11 Holes Drilled
East Africa-focused gold producer Shanta Gold (AIM: SHG) has obtained positive high-grade from exploration at the West Kenya Project.
CEO, Eric Zurrin, also revealed that a resource update, focused on approximately 10% of the total NI43-101 Inferred resource of 1.2 Moz between 0-200m in depth, and partially using the latest intersections is expected to be released in September.
“We are delighted with our second set of results from Phase 2 drilling at West Kenya. Whilst the intersections across the board have been very strong, we are particularly pleased with a new intersection of 3.9 m at 63.80 g/t Au which is 60m in proximity to the Undisclosed hole announced last month which intersected 4.0 m at 706.3 g/t,” he said.
“We are almost halfway through our total planned infill drilling programme at West Kenya for 2021 with a resource update due to be released later this month.
“We believe West Kenya represents significant upside potential for our business and we are excited to replicate our success in Tanzania across the wider East Africa region.”
The West Kenya Project covers 1,162 sq. km of the highly prospective and underexplored greenstone Archaean Busia-Kakamega Gold Belt in western Kenya. Ongoing drilling at the Isulu and Bushiangala deposits is aimed at upgrading ounces from the Project’s NI43-101 compliant Inferred Mineral Resource Estimate into the Indicated Resource category down to a depth of 600 metres across three drilling phases.
This infill drilling is aimed at verifying the extent and geometry of the known mineralised zones developed for the current resource model. Shanta is on track to complete approximately 35- 40% of total planned drilling at West Kenya by the end of 2021. 45% of total planned drilling for 2021 and 17% of total planned drilling over three phases has now been reported.
Two drill rigs are currently active at the Isulu and Bushiangala deposits in West Kenya, with a third rig mobilised and expected on site in September.
Phase 1 drilling at the Project, completed in June 2021, sought to infill two modelled zones at Isulu (IZ1.0 and IZ3.0) and three modelled zones at Bushiangala (BZ1, BZ2 and BZ3). This drilling was carried out to generate an average spacing of 40 m at Isulu and 30 m at Bushiangala, up to a depth of 150-200 m from surface, and targeted both oxides and sulphides within these zones. Following the completion of Phase 1 drilling, an updated mineral resource estimate is expected to be completed and announced in September.
Phase 2 of the ongoing diamond drilling campaign at the Project is seeking to infill nine modelled zones at Isulu (IZ1.0, 1Z2.0, IZ3.0, IZ3.1, IZ3.2, IZ4.0, IZ4.1, IZ4.2 and IZ5.0) and three modelled zones at Bushiangala (BZ1, BZ2 and BZ3).
This drilling phase amounts to 75,000 m of planned drilling and is due to be completed in Q4 2022. Phase 2 drilling is expected to generate an average interception spacing of 40 m at Isulu and 30 m at Bushiangala, up to a depth of 450-500 m from surface.
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