Shanta Gold has reported positive surface drilling results from its ongoing exploration within its existing mining licenses at the New Luika gold mine in southwest Tanzania. Drilling at Bauhinia Creek North and Elizabeth Hill North has intersected encouraging mineralization with sizeable widths, suggesting significant potential for adding resources to the mine plan.

Bauhinia Creek North is located 300 m north of the high-grade Bauhinia Creek deposit, which is currently being mined from underground. A total of 19 drill holes representing 2,762 meters (m) have been completed, including intercepts of 6 m grading 8.62 grams/metric ton (mt) in one hole and 4 m grading 8.94 g/mt in another.

At Elizabeth Hill North 4 km east of the New Luika processing plant, drilling was designed to infill previously wide-spaced drill fences to test the down-dip continuity of the orebody at a 30-m vertical depth. Intercepts have included 9 m grading 6.62 g/mt in one hole and 9 m grading 5.56 g/mt in another.

Strike lengths of the mineralized structures are estimated at 150 m at Bauhinia Creek North and 350 m at Elizabeth Hill North. Both remain open at depth.