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Shanta Gold tips Kenya next frontier of quality, high-grade gold

 Shanta Gold tips Kenya next frontier of quality, high-grade gold

AIM-listed Shanta Gold has provided an exploration update for the West Kenya Project in Kenya, including drilling results from three targets forming part of the Ramula Camp.

Kenya has the potential of becoming Africa’s source of quality, high-grade gold, test results by AIM-listed Shanta Gold reveal.

In its latest filings at the London Stock Exchange about its exploration at the Ramula Camp in West Kenya, Shanta Gold CEO Eric Zurrin said the company hit excellent deposits from three new targets at the Ramula Camp that, in time, may see the resource potentially increase from the original Maiden Inferred Resource of 434koz grading 2.08 g/t to at least another 1.5 million ounce gold camp within West Kenya.

“Alongside the Ramula Camp and its growing resource, we have the 1.2 million ounce resource already established at the Isulu/Bushiangala Camp. We look forward to providing shareholders with a mineral resource update from Isulu/Bushiangala before the year-end,” Mr Zurrin explained.

“Our focus will then turn to updating the market on the Ramula mineral resource in the New Year where we have confidence in a material upgrade to Indicated resources,” he added.

Ramula gold mining area is situated roughly 40 km northwest of Kisumu City and 40 km west-southwest from another target zone, the Isulu-Bushiangala deposit.

“The style of mineralisation of the Ramula deposit closely resembles Sigma-Lamaque style at the Val’d-Or Camp of the Abitibi Gold Belt, Canada,” said Shanta Gold.

Read also: Caracal reports fresh gold find in Kilimapesa project

At the moment, Ramula Camp encompasses four high-priority targets including Ramula, Miruka, Anomaly 22, and Ochiegue, located at a distance less than five kilometers from Ramula.

Other nearby targets Ramba-Lumba, Aila, Nairobi Hill, Barding-Masumbi, Rera, and the former colonial mine Kiboko, are all within 20 km of the Ramula deposit.

The first part of the drilling update relates to 1,509 metres of drilling across six diamond holes (out of 19 diamond holes drilled on the target with pending assays) conducted in the three months  September 2022 at the Ramula deposit.

“Visible gold was identified in five intersections across six holes drilled. Visible gold has been identified in 36 intersections across 19 holes drilled since the fourth quarter in 2021.

“Intersections reported today are the second set of results received from the resource conversion drilling campaign, which is targeting up to 240 vertical metres below surface; assay results for 13 holes at Ramula are pending,” the company noted.

Shanta Gold also reported update on 1,137m of drilling across four diamond holes (out of six total diamond holes drilled on the targets) conducted in the third quarter this year at the Miruka and Anomaly 22 targets, situated less than 5km from the Ramula deposit.

Miruka is one of the high-priority targets in Ramula region while Anomaly 22 is the most recently identified prospect in the potential Ramula Mining Camp.

newsroom@maudhui.co.ke

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