Indicated resources at Tanzania gold prospect up 409% to 205 347 oz

East Africa-focused gold producer, developer and explorer Shanta Gold has upgraded its Joint Ore Reserves Committee-compliant resource estimate at the Ilunga satellite deposit at the New Luika Gold Mine (NLGM), in south-west Tanzania, with indicated resources increasing by 409% – from 40 352 oz of gold to 205 347 oz of gold. Ilunga is located in the Lupa Goldfields, about 2.5 km north-east of the NLGM central processing facility. Access has been developed as part of the current openpit mining operation.