AIM: SHG.L
16.00p   +0.70p

Singida

Key facts

Location


  • Ikungi Administrative District, Singida Region, central Tanzania

Size


  • Three prospecting licences covering approx 52 km2
  • Three mining licences covering 30 km2

Ownership


  • One of the mining licences is wholly owned by Shanta Mining Company Ltd (SMCL); a portion of another is owned 90% by Shanta with the balance held in a Joint Venture with GL Jossue & JB Joel Limited. The third licence is held by the Joint Venture in the same proportion.
  • Ownership of the prospecting licences is 100% with Shanta Mining.

Project status


  • During early 2020 a JORC 2012 compliant gold reserve of 243koz at 3.00g/t was declared. This Reserve represents a 50% conversion of the Project’s independently verified Measured and Indicated Resource.
  MEASURED INDICATED INFERRED TOTAL RESOURCES
  TONNES GRADES OUNCES TONNES GRADES OUNCES TONNES GRADES OUNCES TONNES GRADES OUNCES
  (‘000) g’t (‘000 oz) (‘000) g’t (‘000 oz) (‘000) g’t (‘000 oz) (‘000) g’t (‘000 oz)
CORNPATCH WEST - - - 722 1.67 39 995 1.4 45 1,716 1.51 84
CORNPATCH - - - 415 1.73 23 474 2.07 31 889 1.91 54
VIVIAN - - - 259 2.27 19 153 2.25 11 412 2.26 30
JEM ZONE 1&2 387 2.68 33 541 2.28 40 741 1.95 46 1,668 2.23 119
GOLD TREE ZONE 1 522 3.43 58 575 2.88 53 2,003 1.77 114 3,099 2.26 225
GOLD TREE ZONE 2 172 1.51 8 130 1.31 5 250 1.2 10 552 1.32 23
GOLD TREE ZONE 3 295 1.67 16 303 1.71 17 1,867 1.61 96 2,464 1.63 129
KAIZER CHIEF - - - 234 1.27 10 398 1.36 17 632 1.33 27
GUSTAV 128 1.12 5 435 1.41 20 295 1.29 12 858 1.33 37
TOTAL 1,504 2.47 120 3,614 1.94 226 7,176 1.65 382 12,290 1.84 728

The geology of the Singida area is dominated by the Tanzanian granite-gneiss craton. Poorly exposed greenstone remnants were identified within the granite gneiss terrain during mapping by the Geological Survey of Tanzania (Haidutov 1976). These greenstones comprise an intercalated sedimentary and volcanic sequence with similarities to the Nyanzian Supergroup (System) of the Lake Victoria Goldfields.

The volcanic rocks encountered are predominantly basaltic lava and localised hypabyssal diorite/microdiorite intrusives. Meta-sedimentary rocks consist mainly of metaquartzitic lithologies, with subordinate siltstones, mudstones and banded ferruginous chert also encountered. The orientation of the layering is generally parallel to the basement foliation. Isoclinal folding is also evident.

The Nyanzian lithologies are generally metamorphosed to greenschist- and lower-amphibolite facies with localised occurrences of upper amphibolite grade. Post tectonic granite intrusives are common throughout the area.

Gold mineralisation is associated with penetrative brittle-ductile, steeply dipping, quartz veined shear zones that generally approximate the strike of lithological contacts.

The area south of Singida is exceptionally flat lying with little relief except for the granite intrusives that form prominent tors. Weathered overburden profiles are dominated by Neogene transported pedogenic gravels and related soils. Black Cotton soils (Mbuga) occurs locally.

Latest News

29.07.20
TR-1: Notification of major holdings
23.07.20
TR-1: Notification of major holdings

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