Shanta Gold, a mining company that focuses on exploring East African countries, recently announced a significant increase in gold discoveries in the Western Kenya region, primarily in the Ramula area. In a press statement dated March 9th, the CEO Eric Zurrin revealed that the drilling program successfully led to the discovery of 45,359 kilograms (1.6 million ounces) of gold, representing a 37% increase in total resources at their West Kenya Project.
The CEO expressed his delight at the transformative results of the drilling program, which added 434k oz grading to 2.08 g/t and strengthened their belief that the region is a major new gold district with massive future growth potential for the company. Efforts are being put in place to expand the Ramula region to become the second significant resource region in Western Kenya, and shareholders can expect updates on the mineral resource estimate at Isulu-Bushiangala and the re-estimated historical maiden resource at the Bumbo polymetallic target.
During the drilling program, the company focused on seven targets, including Ramula, Miruka, Anomaly 22, Ramba-Lumba, Aila, Masumbi, and the former colonial mine Kiboko. The entire Ramula region is located approximately 35 kilometers from the Liranda region.
This discovery comes after the company uncovered 1.31 million ounces of gold deposits in May 2021, estimated to be worth Ksh164 billion. The company has invested billions of resources to complete the program, initially pouring over Ksh1 billion for the exploration of the Ramula region to uncover more gold.
Overall, Shanta Gold is confident that the West Kenya Project has the potential to be a multi-million-ounce gold district comparable with other prolific greenstone belts in the world, and they will continue to explore the region for further discoveries.
