Shanta Gold Limited updates on drilling campaigns at the New Luika Gold Mine

Be the First to Comment Read

Shanta Gold Limited updates on drilling campaigns at the New Luika Gold Mine

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.

Disclaimer

Speak your Mind