Shanta Gold Ltd completes acquisition of Barrick Gold’s asset in AEKL

EAST AFRICA – Shanta Gold Limited, an East Africa-focused gold producer, has completed its acquisition of the Acacia Exploration (AEKL) Kenyan gold assets from Barrick Gold. It follows the receipt of regulatory approvals in Kenya, which now satisfied all remaining closing conditions of the transaction. The primary asset is the West Kenya project, which has a resource currently pegged at just under 1.2mln ounces. With a grade of 12.6 grams per tonne, the project has been described as ‘the highest grade million ounce-plus project under development anywhere in Africa’. The…

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