New Luika Gold Mine
The New Luika Gold Mine is an active mine in the Lupa Gold Field, an area of about 2,600 square kilometres (1,000 sq mi) in south west Tanzania, north of Mbeya, that is known for its gold deposits. It is the principal mine of Shanta Gold and saw its first gold pour in August 2012.
In September 2016 Shanta Gold reported that from its underground exploration efforts, the indicated gold deposits of the mine increased by 409% to 205,000 Oz. This is a big discovery for the company as the company expects to deplet the Luika surface mine by 2020.
References
- ^ Lupa Gold Field seabgems.com, 2013. Retrieved 20 September 2013. Archived here.
- ^ Investor Fact Sheet January 2013 Archived 2013-09-21 at the Wayback Machine Shanta Gold, 2013. Retrieved 20 September 2013. Archived here.
- ^ Shanta Gold signs $30-million debt facility by Idéle Esterhuizen in miningweekly.com, 10 January 2013. Retrieved 20 September 2013. Archived here.
- ^ "Shanta gets big resource upgrade at New Luika gold mine". Retrieved 2016-09-18.
- ^ "Shanta Gold upgrades resource at Ilunga". 2016-09-07. Retrieved 2016-09-18.
External links
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