New study revises gold deposits in Western Kenya downwards

[Image source: Green Biz]
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Nation | by Derick Luvega

Shanta Gold Limited, the firm undertaking the lucrative gold prospecting project in Western Kenya, now places the existence of the valuable mineral in the Lihranda corridor at 949,000 ounces.

A study commissioned by the firm brings down the results of previous studies by other firms that had estimated gold deposits in the area to be 1.31 million ounces.

According to the independent study by Bara Consulting Limited, the mineral could be mined for nine years and not the earlier projection of 10 years. But this is still subject to viability…

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[Image source: Green Biz]

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