Shanta Gold sees success in Tanzania
Shanta Gold, the East Africa-focused gold mining company, has revealed 'encouraging' results from a joint venture in Tanzania.
Shanta Gold, the East Africa-focused gold mining company, has revealed 'encouraging' results from a joint venture in Tanzania.
The company entered into a JV agreement with Great Basin Gold in 2011, enabling Shanta crews to conduct exploration over a large permit holding in the Lupa Goldfields, the second largest goldfields in Tanzania.
Shanta, which would earn up to 80% of identified resources, says it has found nine mineralised prospect areas and decent "gold values" up to 50 grams per tonne.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shanta shares were up 1% in morning trading.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”