Shanta Gold Limited (LON: SHG) has released an update of drilling campaigns at the New Luika Gold Mine from the first phase of its Luika and Black Tree Hill Deposit drilling campaigns.
- At Luika, 12 diamond core holes were drilled, totalling 4,066 metres and further drills are ongoing.
- At Black Tree Hill, 8 RC (Reverse Circulation) holes were drilled, totalling 2,567 metres.
- The company has reported that all of these newly reported drilling intersections are out of the existing mineral reserves and will be integrated into the mine plan.
- On 3 September 2020, at the time of writing, GMT 09:10 AM, SHG shares were trading at GBX 17.00, up by 0.25 points or 1.49% against the previous day closing price.