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SAAGF (Shanta Gold Limited) is no longer actively trading.
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Shanta Gold Limited, along with its subsidiaries, is dedicated to the complete lifecycle of gold mining in Tanzania, covering exploration, development, and active production. The company's primary holding is the New Luika gold mine, situated within Tanzania's southwestern Songwe district. Established in 2005, Shanta Gold Limited's corporate headquarters are located in Saint Peter Port, United Kingdom.
Shanta Gold said production dropped in its latest quarter in its last update before Saturn Resources takes the miner over. Group output in the three months to 31 March was 21,676 oz (Q4: 27,865 oz) with the mines at New Luika and Singida in Tanzania both seeing production dip.
Shanta Gold said production dropped in its latest quarter in its last update before Saturn Resources takes the miner over. Group output in the three months to 31 March was 21,676 oz (Q4: 27,865 oz) with the mines at New Luika and Singida in Tanzania both seeing production dip.
Shanta Gold said drilling at its West Kenya development continues to indicate economic grades and continuity of the mineralisation across its prospects. Eric Zurrin, chief executive, said: "At Ramula, the 2,911 metres of assays reported today should allow us to convert Inferred resources to Indicated category resources.
Shanta Gold said drilling at its West Kenya development continues to indicate economic grades and continuity of the mineralisation across its prospects. Eric Zurrin, chief executive, said: "At Ramula, the 2,911 metres of assays reported today should allow us to convert Inferred resources to Indicated category resources.
Shanta Gold Ltd (AIM:SHG, OTC:SAAGF) has detailed its drilling operations at the New Luika and Singida gold mines in Tanzania. The company, which is the process of being sold, updated on the ongoing exploration efforts aimed at converting inferred resources to Indicated categories and testing new targets within the mining licenses.