PROJECTS

Chunya Songea Songea Singida Chunya Chunya Singida Mgusu Mgusu

Shanta Gold’s portfolio of properties comprises 41 prospecting licences, as of 25 August 2010, which cover a total surface area of approximately 1,393 km².

Portfolio of properties:
Administrative districtNumber of prospecting licencesApproximate total surface area ( km²)
Singida11520
Chunya6366
Geita32
Songea/Mbinga15378
Tarime/Musoma16
Dodoma152
Shinyanga469
Total411,393

Resources updated as of June 2009:
 Inferred Resources
(oz)
Indicated Resources
(oz)
Measured Resources
(oz)
Total Resources
(oz)
Chunya488,117357,402 845,519
Mgusu614,000127,000 741,000
Singida402,088149,291480,5461,031,926
Total1,504,205633,693480,5462,618,445

All resources calculated at 0.0 g/t lower cut-off grade. A detailed resource summary is available.

ABOUT TANZANIA

With its abundance of natural resources, thriving economy and booming tourism industry, Tanzania is one of the most profitable African countries.

Investor-friendly mining laws and favourable tax rules have contributed to mining becoming the fastest growing sector in Tanzania, in terms of contributions to GDP and exports. This industry can also rely on Tanzania's solid infrastructure - roads, rail network, coastal ports, two international airports and telecommunications.

Gold mining has dominated Tanzanian industry for more than a century and Tanzania is now Africa's third largest gold producing country after South Africa and Ghana. Nonethless, the country remains under-explored in comparison with other gold producers of its size and there is therefore a high probability of future discoveries.

 

Key facts:

Location:
Eastern Africa, bordering the Indian Ocean, between Kenya and Mozambique
Population:
40,213,160 (July 2008 est.)
Area:
945,087 km² (2 x size of California)
Natural resources:
gold, diamonds, gemstones, natural gas, iron ore, coal, nickel, tin, phosphates, soda ash and salt
Geography:
Kilimanjaro is highest point in Africa; bordered by three of the largest lakes on the continent: Lake Victoria, Lake Tanganyika, and Lake Nyasa
Website:
www.tanzania.go.tz
© 2009 Shanta Gold