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Serabi Gold Plc
Summary
| Project: | Tapajos | |
|---|---|---|
| Deposit: | Sao Chico | |
| Location: | Brazil | |
| Commodities: | Gold-Copper | |
| Date: | 1/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-1-2020: Serabi Gold Plc announces an Exploration/Drilling Update report for its Sao Chico deposit at the Tapajos project. Drilling results incl. 9.17m @ 34.32g/t Au from 35.74m. 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 the results from its ongoing surface and underground exploration diamond drilling programme being undertaken on the Sao Chico orebody at its Palito Complex. Mike Hodgson, CEO of Serabi, commented: “This is clearly excellent news for the Company. We are embarking on an aggressive surface and underground drilling programme mostly focusing in and around the Sao Chico orebody to assess its long-term potential. We have always seen the strong potential in and around Sao Chico and exploration success here is key to our next expansion plans should they be justified. These early drill results immediately extending the resource beyond the current mining limits have returned some excellent intersections over minable widths in all directions. Our initial plan is to drill over an area, beyond the current mine workings, of up to 300 metres to the east, 500 metres to the west, and approximately 250 metres at depth. “The Company has completed approximately 20 per cent of the planned programmes, which are expected to be concluded by the end of June. Our objective is that the drill programme will provide enough new information to allow us to commission the preparation of an updated geological resource and mineral reserve for the Sao Chico orebody during Q3 2020. | |
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