Proactive Investors - Shanta Gold said drilling at its West Kenya development continues to indicate economic grades and continuity of the mineralisation across its prospects.
Eric Zurrin, chief executive, said: "At Ramula, the 2,911 metres of assays reported today should allow us to convert Inferred resources to Indicated category resources.
“Results from the 1,886 metres of assays at our early-mid-stage targets at both Miruka and Anomaly 22 have demonstrated economic range mineralisation, confirming the continuity of the mineralisation."
Grades included 4.4 to 5.89 g/t over narrow widths at Ramula and 2.38 to 4,33 g/t at Miruka.
Shanta (LON:SHAN) shareholders recently accepted a takeover offer from Saturn Resources.