Gold fields discovered in Western Kenya

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Gold fields discovered in Western Kenya

Shanta Gold Limited has announced discovery of three more gold fields in Western Kenya.  Chief executive Eric Zurrin confirmed the report and said three fields have a total of seven high-priority targets.

The fields sited in Kimingini, Dhene and Miruka now add to the traditional Isulu and Bushiangala gold fields. This now brings to five, the number of gold fields with high inferred gold deposits within the popular Lihranda corridor that stretches from Kakamega, Vihiga, Busia and parts of Siaya.

Positive results

Kimingini is located within the Lihranda camp while Dhene and Miruka sit within the Ramula camp. The firm announced plans to expand drilling exercise to the areas to establish a mine. The results of the drilling campaign at Isulu and Bushiangala returned 378,000 oz grading of gold that was converted to Indicated Resources in late March this year.

“The West Kenya project continues to produce exciting results and the targets reaffirm the project’s potential to be a multimillion-ounce gold district comparable with other prolific greenstone belts in the world. More expansion drilling is planned for the Ramula region, as are metallurgical testing, infill drilling for conversion to mineable resources and a scoping study. We expect to provide a resource update before the year-end,” said CEO Eric Zurrin.

“With these announcements in the coming months, shareholders can expect to see a significant conversion of the inferred resources to indicated ounces, further de-risking the mineral resource estimate and demonstrating the intrinsic value of the West Kenya Project. We remain extremely excited about the potential of the west Kenya Project, with its exceptionally high-grade resource marking it out from other gold global exploration projects,” he added.

 

 

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