Shanta shines after Tanzania drilling results

15th Sep 2010 16:32

Shares in Shanta Gold soared after the miner reported positive drilling results from its Chunya project in Tanzania.It said it had seen 'outstanding results' from the tests.'The drilling results are exceptional, raising our expectations of successfully delineating an increased resource on the project and further validating our decision to go ahead with the recently completed definitive feasibility study,' said chairman Walton Imrie. 'This provided the motivation for the subsequent board decision to proceed with the detailed design and construction of the mine.'