Targeted Shanta Gold has reported “exceptionally strong” results from Phase 1 of a drilling program on its project in West Kenya.
This follows the completion of 2,572 meters of drilling in 15 holes on the Isulu and Bushiangala deposits in April and May.
Highlights of the drill intercepts include visible gold identified in four different intercepts in the 15 holes drilled.
The true width of the mineralization is estimated to be approximately 60 to 70% of the length of the intercept.
Phase 1 drilling of 9,383 meters is now complete and a resource update will follow.
Phase 2 drilling, targeting 200m to 450m below surface, began in June and a third drill rig was mobilized to western Kenya.
Shanta remains on track to complete 35 to 40% of total planned drilling in West Kenya by the end of this year.
“During this program we have delivered some of the best drill results we have ever seen at Shanta and we look forward to moving forward to Phase 2 of our license portfolio to uncover the true potential of western Kenya.
“Exploration is an integral part of our sustainable growth story and we look forward to informing our stakeholders of further advances in New Luika and West Kenya in the near future. Our diversified portfolio has the potential to make Shanta a medium-sized gold producer in Africa to support long-term returns for shareholders, ”CEO Eric Zurrin says.