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Shanta ups New Luika resource certainty

Shanta Gold (AIM:SHG) has converted 33,746 ounces of inferred resources into 27,240oz of indicated resources at its New Luika gold mine in Tanzania.

Staff reporter
Shanta is continuing exploration at its New Luika gold mine in Tanzania

Shanta is continuing exploration at its New Luika gold mine in Tanzania

It said this implied a conversion cost of US$8 per ounce with an 81% conversion rate of inferred to indicated resources. In addition, it added 21,081oz of indicated resources at 3.43g/t to the life...

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