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New Luka mine, Tanzania

19th July 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name: New Luika mine.

Location: The project is located in the Songwe district of south-west Tanzania.

Mine Owner/s: Shanta Gold.

Brief History: New Luika achieved its first commercial production in 2012.

Brief Description: The high-quality of New Luika’s resources, combined with tight operational control, makes it one of the lowest-cost gold mines in its peer group and on the global cost curve.

Primary Metals: Gold.

Secondary Metals: Not stated.

Geology/Mineralisation: New Luika is located in the geologically rich Lupa goldfield. The geology of the goldfield is characterised by deformed, folded, sheared and metamorphosed paleoproterozoic rocks, with major fold axes trending east-south-east to west-north-west.

Mineralised quartz veined targets are hosted within brittle-ductile to ductile deformational features of variable orientation.

Reserves: Total proven and probable reserves as at December 31, 2016, were estimated at 515 000 oz of gold grading 4.4 g/t gold.

Resources: Total mineral resources as at December 31, 2016, were estimated at 824 000 oz of gold grading 4.4 g/t gold.

Mining Method: Underground.

Major Infrastructure and Equipment: The processing at New Luika is metallurgically simple and conventional, involving proven crushing and milling techniques with carbon-in-leach gold extraction delivering robust gold recoveries (average 91% recovery).

Prospects: Shanta Gold is conducting an exploration programme targeting new resources to extend the mine life of New Luika.

Contact Details:
Shanta Gold
Tel +255 22 2925148
Email mining@shantagold.com
Website: http://www.shantagold.com

Edited by Creamer Media Reporter

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