StockMarketWire.com - Shanta Gold Ltd said that, on Dec. 15, the underground development at the New Luika Gold Mine intersected first mineralization at the Bauhinia Creek deposit.

"The intersect occurred just after the nose fault, as predicted in the geological model," the company said.

CEO Toby Bradbury commented:

"I am pleased to report continued progress at the underground development at the New Luika Gold Mine. Intersecting first ore is a pleasing result and we remain on track to commence first stoping of ore in Q2 2017."





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