Shanta Gold Limited
02 December 2005
Shanta Gold Limited
Friday 2 December 2005
Shanta Gold is pleased to announce the appointment of Mr Chris Picken as chief
operating officer of Shanta Mining Company Limited in Dar es Salaam with effect
from 1 December 2005. This follows Shanta's announcement in September this year
that it would be stepping up its presence in Tanzania, where the company has
started an aggressive drilling programme.
Since 2002 Mr Picken has held the position of exploration manager for Shanta
Mining in Tanzania. He has 18 years' experience in mineral exploration in
Europe, South Africa and in South America, where he was responsible for gold
exploration in the Chicanan and Increible greenstone belts in Venezuela for Gold
Fields, and was country manager responsible for Gold Fields' exploration
activities in Bolivia.
Mr Walter Vorwerk has been appointed chairman of the audit committee, overseeing
and monitoring structures and financial controls, and Mr George Bennett will
assume the responsibility for interaction with the company's current and future
investors.
Shanta's drilling programme at its Katario project is close to completion. The
company will be releasing the results from the programme later this month.
In line with the programme for drilling on the prime Muguso target, Shanta has
commenced infrastructure development with drilling scheduled to commence in
early January 2006.
Progress on the first phase exploration at Singida PL is also nearing
completion, and results will be made available in December.
Note to editors:
Shanta Gold, which was admitted to the Alternative Investment Market (AIM) of
the London Stock Exchange in June 2005, currently holds prospecting rights over
a resource base of just under 1Moz, comprising 741,000 oz at Mgusu (of which
127,000 oz are Indicated and 614,000 oz are Inferred, plus approximately 185,000
oz Inferred at Ikungu) in what the Board considers to be some of the most highly
prospective areas of Tanzania.
For further information:
Shanta Gold
George Bennett: Walter Vorwerk
Mobile: +27 (0) 82 652 8526 Mobile: +27 (0) 83 308 0080
JOHANNESBURG
Russell & Associates
Marion Brower/Charmane Russell
Tel: +27 11 880 3924
LONDON
St James' Corporate Services
Phil Dexter
Tel: +44 207 491 1889
This information is provided by RNS
The company news service from the London Stock Exchange
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