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Serabi Gold Plc
Summary
| Project: | Tapajos | |
|---|---|---|
| Deposit: | Sao Chico | |
| Location: | Brazil | |
| Commodities: | Gold-Copper | |
| Date: | 9/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2018: Serabi Gold Plc announces an Exploration/Drilling Update report for its Sao Chico deposit at the Tapajos project. Drilling results incl. 1.5m @ 99.92g/t Au from 47.35m. Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and d | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Micheal Hodgson (Internal) | |
| ABSTRACT: | Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to announce the results from its ongoing exploration programme being undertaken in the area around the Sao Chico orebody. Mike Hodgson, CEO of Serabi, commented: “This is excellent news for the Company, and for myself, not unexpected. We have always held the view that the Sao Chico orebody has had the potential to be significantly larger. The Cinderella zone to the east is very interesting, and has seen significant artisanal activity in the drainage areas downstream. The IP and the coincidental magnetic high suggests potential mineralisation extending over four kilometres. “The current drilling to the west is also very encouraging, this is simple step out drilling following the strike of the Sao Chico Main Vein and although the drilling is quite broadly spaced, it appears the mineralisation can now be traced for a further 500 metres to the west of the current mining limit. This complements the potential parallel structures of Lagoa and Crossroads that we have identified to the north and south of the current mine. With these excellent results, we are extending our IP surveys to the west and will, if results justify it, extend the ‘step out’ drill programme accordingly. “We should also receive, in early October, results of the airborne electromagnetic survey undertaken earlier in this quarter, and this combined with the ground IP will be key to determining the potential at Sao Chico and the further exploration programmes. Before the end of the month, we will be moving our drill rigs across to the Coringa project where we have a drill programme planned that we hope will result in a significant increase in the current mineral resources of the project.” | |
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