Tanzania – The mineralisation is from a reverse circulation drilling programme at the Nkuluwisi mineralised target, located approximately 12 km north-west of New Luika’s central processing hub, located in the Lupa Goldfields, southwest Tanzania.
A total of 44 RC drill holes comprising 5 833 m of drilling have been completed at Nkuluwisi, identifying mineralisation down to vertical depths of approximately 120 m below surface.
Exploration to date has covered a strike length of about 900 m and significant portions of the regionally prominent Nkuluwisi Shear Zone remain untested and exploration work is on-going.
The drilling results are currently being modelled and will be submitted to Shanta Gold’s independent resource consultants for resource estimation purposes in the near future with a maiden resource for Nkuluwisi anticipated to be delivered in Q2, 2017.
Drilling highlights include:
“The excellent exploration results from Nkuluwisi once again showcase the geological potential of the Lupa Goldfields,” says Shanta Gold CEO Toby Bradbury.
“Furthermore, after resource upgrades at Elizabeth Hill in 2015 and Ilunga in 2016, Shanta’s exploration team continues to demonstrate its ability to convert its knowledge and experience into value-creation through the drill bit.”