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Shanta Gold publishes first resource for Singida

Eric Zurrin, chief executive at Shanta Gold (LON:SHG), runs Proactive through their first official resource at Singida - one of the miners two main deposits in Tanzania.

The junior operates the New Luika mine but Singida, in the centre of the country, is at a much earlier stage of development.

The Australian standard JORC resource of 728,000oz stems from 12.3mt at a grade of 1.84 g/t. The cut-off grade was 1.0 g/t.

Added to the resources already identified at New Luika, Shanta now has 2mln ounces of gold delineated in Tanzania.

Quick facts: Shanta Gold Limited

Price: 14.4 GBX

Market: AIM
Market Cap: £114.33 m

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