Shanta Gold hikes resource estimate at New Luika

Tanzania focused gold miner Shanta Gold has issued a significant upgrade of the estimated resources at its New Luika Gold Mine.

Tanzania focused gold miner Shanta Gold has issued a significant upgrade of the estimated resources at its New Luika Gold Mine.

The company says the latest independent estimate suggests there is 1.48m ounces of in-situ gold at the site, a 52% increase on the previous figure.

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