Chunya Exploration Update
(Thomson Reuters ONE) - SHANTA GOLD LIMITED ("Shanta" or the "Company") EXPLORATION ACTIVITIES AT CHUNYA PL2787/2004 REVEAL EXTENSIONS TO KNOWN PROSPECTS AND NEW TARGETS 09 September 2009Shanta is pleased to announce that the Company has identifiedadditional gold bearing targets and extensions to knownmineralisation on Prospecting Licence ("PL") 2787/2004 (includingthree acquired Primary Mining Licences ("PMLs") within and straddlingthis PL) in the Chunya Project area.The 2009 exploration programme at Chunya has focused on surfacetrenching to test extensions to the known ore bodies and new targets.The first stage of this programme has returned excellent results fromfour tested areas located within a 3km radius, that suggest that theextent of mineralisation on the PL and incorporated PMLs will beincreased significantly. The best results returned are as follows:- Luika South - 17.22g/t over 2.25m, 13.71g/t over 2.60m, 11.74g/tover 1.10m, 8.34g/t over 1.50m, 4.36g/t over 2.20m and 4.35g/t over1.20m.During the course of surface pitting to test the extent and goldcontent of surface rubble material derived from the Luika prospectmineralisation on the PL, a new mineralised zone, Luika South, with aknown strike extent of approximately 350m has been discovered. LUIKA SOUTH TRENCHING AND OUTCROP SAMPLINGCHANNEL ID FROM (m) TO (m) SAMPLE WIDTH WEIGHTED GRADE (m) (g/t)LST001 1.50 3.80 2.30 0.98LST002 0.00 2.20 2.20 4.36LST003 0.55 1.80 1.25 2.65LST004 0.00 2.30 2.30 1.99LST005 6.00 6.40 0.40 2.92LST006 0.65 2.80 2.15 3.22LST007 0.00 1.50 1.50 8.34LST009B 0.75 3.00 2.25 17.22LST010 1.30 3.90 2.60 13.71LST011B 0.60 1.70 1.10 11.74LST012 16.70 17.20 0.50 1.50LST013 5.95 6.37 0.42 1.36LST014 5.10 5.40 0.30 1.15LST015 4.70 5.90 1.20 4.35LST016 7.85 8.10 0.25 1.54This zone is located some 150m south of the south-western extensionof the Luika zone. Preliminary interpretation of the mineralisedstructure suggests that this zone represents a displaced extension ofthe Luika zone, an interpretation supported by the airborne magneticinterpretation. The zone is open ended along strike to thesouth-southwest. An alternative interpretation is that the zone is asub- parallel en echelon structure related to the Luika shear.Preliminary down-dip drilling of the structure is being consideredfor later in the 2009 exploration campaign. - Luika Mine extension - 6.49g/t over 2.75m and 5.37g/t over 3.40m.Trenching has also exposed the south-western extension of Luikaextending the known strike of this gold bearing structure toapproximately 700m.LUIKA MINE TRENCHINGCHANNEL ID FROM (m) TO (m) SAMPLE WIDTH WEIGHTED GRADE (m) (g/t)LT001 0.70 1.75 1.05 1.23LT001 3.80 4.80 1.00 1.27LT001 8.50 10.80 2.30 1.61LT002 9.75 13.40 3.65 0.84LT003 3.30 6.70 3.40 5.37LT005 0.85 3.00 2.15 1.47LT005 16.60 19.35 2.75 6.49- Ilunga PMLs. Trenching - 10.10g/t over 0.50m, 8.9g/t over 1.55m,5.79g/t over 1.80m and 4.24g/t over 2.50m; Outcrop Channel Sampling -20.39g/t over 1.67m, 15.41g/t over 2.75m, 12.38g/t over 2.37m,11.04g/t over 3.00m, 7.62g/t over 2.70m, 6.97g/t over 1.45m, 6.35g/tover 1.58m and 6.23g/t over 1.40m.During 2007 Shanta acquired three Primary Mining Licenses (PMLs)including the Luika PML which is located within PL2787/2004. Twofurther contiguous PMLs straddle the east-west northern boundary ofthe PL. These two PMLs (Ilunga PML's) are located on the lower slopesof the Ilunga Range of hills. Mapping and systematic sampling of theextensive artisanal workings on the PMLs has identified prominentmineralised structures striking west-southwest, sub-parallel to otherprominent mineralised structures on the PL e.g. Luika. The exposedmineralised strike of 600 metres is open ended in both directions.ILUNGA PML OUTCROP CHANNEL SAMPLINGCHANNEL ID FROM (m) TO (m) SAMPLE WIDTH WEIGHTED GRADE (m) (g/t)N1_0E 0.00 2.70 2.70 7.62N1_13.13E 0.00 2.77 2.77 3.59N1_15.06E 0.00 2.95 2.95 3.84N1_17.1E 0.00 3.00 3.00 11.04N1_18.85E 0.00 2.75 2.75 15.41N1_2.65E 0.00 2.37 2.37 12.39N1_20.72E 0.00 3.80 3.80 4.96N1_22.87E 0.49 3.60 3.11 4.50N1_25.4E 0.00 2.49 2.49 2.89N1_27.1E 0.70 1.74 1.04 4.40N1_32.7E 1.03 1.91 0.88 3.19N1_4.9E 0.00 2.00 2.00 3.00N1_6.56E 0.00 3.03 3.04 2.75OW2N_14.8 0.00 1.58 1.58 6.35OW2N_2 0.00 1.67 1.67 20.39OW2N_3 1.24 1.80 0.56 1.95OW2S_0 0.00 2.35 2.35 2.23OW2S_11.7 0.00 2.41 2.41 2.39OW2S_13.3 0.00 1.40 1.40 6.23OW2S_16 0.00 1.45 1.45 6.97OW2S_4.7 0.00 2.03 2.03 2.63OW3_3.5 0.00 1.10 1.10 5.26OW3_5 3.20 3.40 0.20 2.27OW3_7 1.55 3.25 1.70 5.70OW3_8.4 0.79 2.30 1.51 3.45- Elizabeth Hill northern splay - 1.65g/t over 6.10m and 1.54g/t over4.90m.Earlier surface mapping at the Elizabeth Hill prospect revealed anorthern splay off the Elizabeth Hill shear zone. Follow-up trenchinghas exposed approximately 300m strike extent of a well-definedmineralised shear zone. Additional trenching is planned to test thedevelopment of this shear zone along strike.ELIZABETH HILL NORTH TRENCHINGCHANNEL ID FROM (m) TO (m) SAMPLE WIDTH WEIGHTED GRADE (m) (g/t)EH001 108.90 110.10 1.20 0.97EH002 84.90 87.6 2.70 0.90EH002 78.40 83.3 4.90 1.14EH004_NE 57.30 63.40 6.10 1.65EH005 55.10 60.00 4.90 1.54EH006 10.65 19.45 8.80 0.86Recent further reconnaissance mapping of PL and the known structuresindicated that the Ilunga structure extends to the west-southwestwhere it may correlate with the Luika South structure. A totalpotential strike of 3.8km, of which less than a 1km has been tested,has been identified. An extensive systematic surface mechanisedtrenching programme has been planned to commence in the next month totest the extent and continuity of gold mineralisation along thestructure.These latest encouraging exploration results from Chunya furtherhighlight the potential of the Chunya project which currently has atotal resource of 845,000 ounces, announced in April 2009. Subject tothe raising of additional funding, further resource drilling is beingconsidered for later in the year, The Company continues to pursuefunding discussions.For further information:Shanta Gold Limited http://www.shantagold.comWalton ImrieMobile: +27 (0) 82 444 2851David ScottMobile: + 255 (0) 784 366146Walter VorwerkMoblie: +27 (0)83 308 0080Fairfax I.S. PLCEwan Leggat/Laura Littley+44 (0) 20 7598 5368---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 09.09.2009 - 08:02 Uhr
Sprache: Deutsch
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