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Shanta Gold is a low cost gold producer with significant resource upside, within and surrounding its New Luika Gold Mine, with additional development opportunities in Tanzania


Key facts

Ikungi Administrative District, Singida Region, central Tanzania
Three prospecting licences covering approx 92 km²
Three mining licences covering 30 km²
One of the mining licences is wholly owned by Shanta Mining Company Ltd (SMCL); a portion of another is owned 100% by Shanta with the balance held in a Joint Venture with GL Jossue & JB Joel Limited which holds a 10% minority interes. The third licence is held by the Joint Venture in the same proportion.
Ownership of the prospecting licences is 100% with Shanta Mining.
Project status
Advanced stage project with a mining license. Interim Pilot Plant has currently been deferred whilst essential
capex is spent at the New Luika Gold Mine.


Regional geology

The geology of the Singida area is dominated by the Tanzanian granite-gneiss craton. Poorly exposed greenstone remnants were identified within the granite gneiss terrain during mapping by the Geological Survey of Tanzania (Haidutov 1976). These greenstones comprise an intercalated sedimentary and volcanic sequence with similarities to the Nyanzian Supergroup (System) of the Lake Victoria Goldfields.

The volcanic rocks encountered are predominantly basaltic lava and localised hypabyssal diorite/microdiorite intrusives. Meta-sedimentary rocks consist mainly of metaquartzitic lithologies, with subordinate siltstones, mudstones and banded ferruginous chert also encountered. The orientation of the layering is generally parallel to the basement foliation. Isoclinal folding is also evident.

The Nyanzian lithologies are generally metamorphosed to greenschist- and lower-amphibolite facies with localised occurrences of upper amphibolite grade. Post tectonic granite intrusives are common throughout the area.

Gold mineralisation is associated with penetrative brittle-ductile, steeply dipping, quartz veined shear zones that generally approximate the strike of lithological contacts.

The area south of Singida is exceptionally flat lying with little relief except for the granite intrusives that form prominent tors. Weathered overburden profiles are dominated by Neogene transported pedogenic gravels and related soils. Black Cotton soils (Mbuga) occurs locally.