StockMarketWire.com - Shanta Gold said the Ilunga underground mine in South Western Tanzania had achieved commercial production on schedule and on budget.

The primary ventilation fan and underground infrastructure had been installed and were operational.

The first ore stope was now in production at a depth of 98 metres below the portal and 130 metres below surface.

Commercial production had come following gross pre-production capital investment of $7.9m and less than 12 months after the underground portal blast at Ilunga was carried out last August.

Ilunga was now the third source of high grade underground feed from the at the New Luika Gold Mine, alongside the Bauhinia Creek and Luika mines.


At 9:46am: [LON:SHG] Shanta Gold Ltd share price was +0.3p at 8.35p



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