First Gold Pour at New Luika

RNS Number : 2920L

Shanta Gold Limited

03 September 2012

 



3 September 2012

Shanta Gold Limited

("Shanta Gold" or "the Company")

First Gold Pour at New Luika

Following the announcement of 20 August 2012 that production had commenced at its New Luika Gold Mine in south western Tanzania, Shanta Gold, the East African focused gold mining company, is pleased to announce that the first gold pour was successfully completed at the mine on Friday 31 August 2012.

 Walton Imrie, Chairman of Shanta Gold, commented:

"This successful gold pour at New Luika is a great milestone achievement for Shanta Gold. We now have made the transition from exploration and mine development to being a fully fledged gold mining company and can now look forward to meaningful gold production from New Luika. We are delighted to have met the target we had set ourselves of making our first gold pour by the end of August 2012 and are on track to produce 13,000 to 17,500 ounces of gold in Q4 2012."

Enquiries:

Shanta Gold Limited	Tel: [phone]
Walton Imrie / Gareth Taylor
Nominated Adviser and Broker
Liberum Capital Limited	Tel: + 44 (0)20 3100 2000
Michael Rawlinson / Clayton Bush / Christopher Kololian
Financial Public Relations
FTI Consulting	Tel: [phone]
Billy Clegg / Oliver Winters

About Shanta Gold Limited

Shanta Gold is an East African focused gold mining company. It currently has defined ore resources on the New Luika, Singida and Mgusu projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production and achieved first gold pour in August 2012. The Company is admitted to trading on AIM and has approximately 319 million shares in issue.

For further information visit the Company's website: www.shantagold.com.

 

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