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Serabi Gold Plc
Summary
| Project: | Tapajos | |
|---|---|---|
| Deposit: | Palito, Sao Chico | |
| Location: | Brazil | |
| Commodities: | Gold-Copper | |
| Date: | 12/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2017: Serabi Gold Plc announces a Resource Estimation report for its Palito, Sao Chico deposit at the Tapajos project. Mineral Resource and Ore reserve update for the Tapajos property. Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold minin | |
| Resources: | (Reserve, P+P): 90Kt @ 8.43g/t Au for 24Koz contained at project | |
| CP/QP: | [Resources]: Glen Cole (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to announce updated Mineral Resource and Mineral Reserve estimates for its Tapajos mining and processing operations (“Tapajos Operations”), prepared in accordance with the standard of CIM and Canadian National Instrument 43-101 with an effective date of 30 June 2017, as outlined below. The Tapajos Operations currently comprise the mining and processing of the Palito and Sao Chico ore-bodies. From the time that production re-commenced at the Palito Mine in late 2013 until the end of June 2017, we estimate that approximately 118,000 contained gold ounces have been mined from the Palito ore-body (385,700 tonnes at an average mined gold grade of 9.52 g/t). That we are now able to declare a Measured and Indicated PRESS RELEASE 11 DECEMBER 2017 SERABI GOLD plc (“Serabi” or “the Company”) SERABI GOLD PLC 2nd Floor, 30-32 Ludgate Hill, London EC4M 7DR This document is not intended to and does t +44 (0)20 7246 6830 f +44 (0)20 7246 6831 e [email protected] www.serabigold.com not amount to an invitation or inducement to Registered Office 66 Lincoln’s Inn Fields, London, WC2A 3LH Company Number 5131528 subscribe for shares in Serabi Gold plc mineral resource with an estimated 271,000 contained gold ounces as of 30 June 2017 is encouraging and demonstrates that our efforts to delineate new mineral resources with in-fill and step-out drilling programmes has been successful at Palito. This represents an increase of 31 per cent in the Measured and Indicated mineral resources compared with the last estimation of June 2012, which was undertaken prior to the re-commencement of production | |
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