Shanta Gold Limited Appointment of Group Exploration Manager (5109K)
January 05 2021 - 1:00AM
UK Regulatory
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
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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) +44 (0) 14 8173 2153
Luke Leslie (CFO)
Nominated Adviser and Joint Broker
Liberum Capital Limited
Scott Mathieson / Ed Thomas / Louis Davies /
Nikhil Varghese +44 (0) 20 3100 2000
Joint Broker
Tamesis Partners LLP
Charlie Bendon / Richard Greenfield +44 (0) 20 3882 2868
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.
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