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Serabi Gold Plc
Summary
| Project: | Sao Chico | |
|---|---|---|
| Deposit: | Sao Chico Main Vein | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 5/11/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 11-5-2020: Serabi Gold Plc announces an Exploration/Drilling Update report for its Sao Chico Main Vein deposit at the Sao Chico project. Drilling results incl. 5.3m @ 12.1g/t Au from 344.7m. Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold m | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Hodgson (Internal) | |
| ABSTRACT: | Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to announce further drilling results at the Sao Chico extension drilling programme and results of the regional geochemical sampling programs on the Palito Complex exploration tenement. “These results follow on from the exploration news issued on 3 March 2020, with further encouraging results as we test the western extension of the Main Vein at Sao Chico. The underground drilling focused on the shallow portion of the Main Vein immediately beyond the mine’s western limit and returned 1.37m @ 28.77g/t Au (20-SCUD-341) and 2.72m @ 5.06g/t (20-SCUD-343), both very encouraging. “Surface drilling targeted the deeper portion of the main vein and its westerly extension, and results again demonstrate good depth and grade continuity, with intercepts of 5.30m @ 12.10g/t Au (20-SC-166) and 3.40m @ 3.94g/t Au (20-SC-164). The intercept in 20-SC-166 is 300 metres below surface, and immediately down dip of 20-SC-164 and 20-SCUD341 & 20-SCUD-343, with all holes demonstrating mineable widths and grades. On a long section, an interesting high-grade zone is clearly evolving. | |
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