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Serabi Gold Plc
Summary
| Project: | Tapajos | |
|---|---|---|
| Deposit: | Sao Chico | |
| Location: | Brazil | |
| Commodities: | Gold-Copper | |
| Date: | 3/3/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-3-2020: Serabi Gold Plc announces an Exploration/Drilling Update report for its Sao Chico deposit at the Tapajos project. Drilling results incl. 4.08m @ 25.37g/t Au from 139.7m. Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold exploration | |
| 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 exploration and development company is pleased to announce further results from its ongoing surface and underground exploration diamond drilling programme being undertaken on the Sao Chico orebody at its Palito Complex. As reported on 6 January 2020, the Company commenced a 9,600 metre ‘step-out’ surface diamond drill programme and an 8,000 metre underground drill programme in the fourth quarter of 2019. The campaign is to test the Sao Chico orebody extension in all directions. To the east we have also intersected high grade mineralization with the most easterly hole returning an intersection of 11.7 g/t Au over 1.2 metres. This result is located 220 metres to the east of the current eastern limit of the mine and therefore the orebody remains open to the east and justifies additional step out drilling to test this eastern extension. “Perhaps the most encouraging result is, however, what is now the deepest intersection at Sao Chico, where hole 19-SCUD-333 has reported a gold grade of 25.37g/t over a width of 4.08 metres. This hole is approximately 200 metres below the current lowest development level in the mine and therefore nearly 500 metres from surface. | |
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