Shanta Gold Limited Appointment of Group Exploration Manager (5109K)

TIDMSHG

RNS Number : 5109K

Shanta Gold Limited

05 January 2021

5 January 2021

Shanta Gold Limited

("Shanta Gold" or the "Company")

Appointment of Group Exploration Manager

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce the appointment of Mr Yuri Dobrotin, P.Geo as Group Exploration Manager effective 1 January 2021.

Mr Dobrotin is a global expert in gold exploration with 35 years' experience. He joins Shanta from Barrick Gold where he was a Senior District Geologist in Tanzania. Mr Dobrotin was previously the Geology Manager at Acacia Mining's Kenyan operations where he was directly involved in the discovery of the high grade West Kenya Project, acquired by Shanta Gold in 2020.

Over the last 25 years, Mr Dobrotin has lived and worked across the globe including in the world-famous Red Lake, Abitibi, Kalgoorlie and Lake Victoria greenstone belts.

 
 Company               Location                         Period 
 Barrick Gold          North Mara, Tanzania             2020 
                      -------------------------------  ---------- 
 Acacia Mining         West Kenya Project               2016-19 
                      -------------------------------  ---------- 
 Barrick Gold          Zambia; Western Australia        2005-15 
                      -------------------------------  ---------- 
 Placer Dome;          Red Lake, Abitibi, Canada;       1995-2005 
  Nova Gold; Golder     Zimbabwe; Alaska; Kazakhstan; 
  Associates; Cyprus    Peru; Uzbekistan; Russia 
  Amex 
                      -------------------------------  ---------- 
 

Mr Dobrotin is a Canadian and Australian dual national with first-hand involvement in exploration projects and discoveries of numerous +1M oz gold deposits globally, which have developed into producing mines. He continues to be a Practicing Member of the Association of Professional Geoscientists of Ontario, Canada (APGO) since 2002.

On 24 December 2020, Mr. Dobrotin purchased Shanta Gold shares in the open market.

Yuri Dobrotin, Group Exploration Manager, commented:

"I am extremely excited to be joining Shanta Gold. The New Luika Gold Mine ("NLGM") has very high potential. It is not improbable that the Luika, Bauhinia Creek, Shamba and Illunga deposits are different orebodies of the larger single hydrothermal cell, and with more exploration and modelling could be seen as just separate limbs of one deposit which could significantly increase contained gold resources. The West Kenya Project in the Lake Victoria Goldfield contains several styles of classic high grade Archean greenstone gold prospects. The district is young and prospective for multiple new deposits."

Eric Zurrin, Chief Executive Officer, commented:

"Yuri brings a wealth of knowledge and experience from many of the great gold deposits globally. He was a key member of the discovery team at the West Kenya Project and joins Shanta at an exciting time with the Company owning 2,300 km(2) of highly prospective exploration properties in Tanzania and Kenya. Exploration is expected to be the primary driver for delivering shareholder value in the coming years."

 
Shanta Gold Limited 
Eric Zurrin (CEO)                               [phone] 
Luke Leslie (CFO) 
 
Nominated Adviser and Joint Broker 
Liberum Capital Limited 
Scott Mathieson / Ed Thomas / Louis Davies / 
 Nikhil Varghese                                [phone] 
 
Joint Broker 
Tamesis Partners LLP 
Charlie Bendon / Richard Greenfield             [phone] 
 

About Shanta Gold

Shanta Gold is an East Africa-focused gold producer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences covering approximately 1,100 km(2) in the country. Shanta Gold also owns the West Kenya Project in Kenya with defined ore resources of 1.2 Mt grading 12.6 g/t. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 84,506 ounces in 2019. The Company has been admitted to trading on London's AIM market and has approximately 1,043 million shares in issue. For further information please visit: www.shantagold.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEAXFLEAEFEFA

(END) Dow Jones Newswires

January 05, 2021 02:00 ET (07:00 GMT)