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Shanta Gold Starts Drilling At Katario Project
Source: Dow Jones
Publication: Dow Jones
2 November 2005
LONDON (Dow Jones)--Shanta Gold announces the start of a drilling programme at its Katario project in Tanzania.
George Bennett, CEO, said: "The 2,070 metre reverse circulation drilling programme is designed to determine the extent of gold mineralisation within the Tembo Mine area, and along projected strike extensions. The drilling programme is expected to be completed by the end of November with results due in mid December this year." Tembo Mine is situated 35 kilometres south of the town of Musoma and 9 kilometres along strike from the 800,000 oz deposit at Kiabakari.
Prior workings at the Tembo Mine have produced some 41 kilograms of gold, with an average grade of 6.9 g/t. In 2004 and 2005 Shanta completed a detailed exploration programme comprising geological mapping, soil geochemical sampling, magnetic, radiometric and IP (induced polarisation) surveys.
Broad zones of mineralisation have been delineated in underground mine workings averaging 7.2 g /t of gold over 9.4 metres and 6.7 g/t of gold over 18.6 metres.
"In pursuit of further expansion of Shanta Gold's resource base, further drilling is planned at Mgusu once the Katario drilling programme is completed," Bennet said.