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East Africa-focused gold producerFor more information call Abuda on +27791858198 - Pietermaritzburg
Monday, 12 February 2024
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Item details
City:
Pietermaritzburg, KwaZulu-Natal
Offer type:
Offer
Price:
USD 2,000
Item description
Shanta Gold, East Africa-focused gold producer, developer and explorer has discovered three more gold fields within the Western Kenya belt, following ongoing exploration efforts.
The three fields; Kimingini, Dhene and Miruka now add to the traditional Isulu and Bushiangala gold fields, raising hope that the firm will strike a commercially viable find whose potential has been estimated to be KES 164 billion.
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.
Shanta Gold Limited Chief executive Eric Zurrin said the three fields have a total of seven high-priority targets.
Isulu and Bushiangala have been the centre of concentration by the exploration firm that holds seven licenses that were issued by the Government of Kenya.
The firm posted a net loss of KES 874.7 million in its West Kenya project last year, reflecting the capital expenditure it is making with a goal of starting production in the future.For more information call Abuda on +27791858198 or Visit our website: www.abudaminerals.com
The three fields; Kimingini, Dhene and Miruka now add to the traditional Isulu and Bushiangala gold fields, raising hope that the firm will strike a commercially viable find whose potential has been estimated to be KES 164 billion.
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.
Shanta Gold Limited Chief executive Eric Zurrin said the three fields have a total of seven high-priority targets.
Isulu and Bushiangala have been the centre of concentration by the exploration firm that holds seven licenses that were issued by the Government of Kenya.
The firm posted a net loss of KES 874.7 million in its West Kenya project last year, reflecting the capital expenditure it is making with a goal of starting production in the future.For more information call Abuda on +27791858198 or Visit our website: www.abudaminerals.com