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A strong start with over 10,000 ounces produced...
A strong start with over 10,000 ounces produced....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n A strong start with over 10,000 ounces produced in the first quarter of 2019For immediate release 15 April 2019Serabi Gold plc(“Serabi” or the “Company”)A strong start with over 10,000 ounces produced in the first quarter of 2019Serabi Gold plc (AIM: SRB, TSX: SBI), the Brazilian focused gold mining and development company, is pleased to provide the results and a review of its first quarter operational and development activities in the Tapajos region of Para State, Northern Brazil. OPERATIONAL and DEVELOPMENT HIGHLIGHTSFirst quarter gold production of 10,164 ounces of gold, maintaining the momentum from the end of 2018.Second successive quarter of production above 10,000 ounces for the first time.Mine tonnage totalled 42,609 tonnes at 7.47 grams per tonne (“g/t”) of gold. 43,451 tonnes of run of mine (“ROM”) ore were processed through the plant from the combined Palito and Sao Chico orebodies, with an average grade of 7.69 g/t of gold. 1,868 metres of horizontal development completed during the quarter.Completion and announcement of the Company’s updated mineral resource estimate for its Coringa gold project (“Coringa”): the new mineral resource estimate represents a 37% increase over the previously disclosed estimation (as of May 3, 2017).an Indicated Resource for Coringa of 216,000 ounces of contained gold (845,000 tonnes at an average in-situ grade of 7.95 g/t).an additional Inferred Resource of 298,000 ounces of contained gold (1,436,000 tonnes at an average in-situ grade of 6.46 g/t).Production guidance for 2019 is maintained in the range of 40,000-44,000 ounces representing a significant improvement on 2018 production of 37,108 ounces.Key Operational Information SUMMARY PRODUCTION STATISTICS TO DATE FOR 2019 AND 2018 Qtr 1Qtr 1Qtr 2Qtr 3Qtr 4Total201920182018201820182018 Gold production (1) (2)Ounces10,1649,1889,5638,10110,25637,108 Mined ore – TotalTonnes42,60939,66936,07142,72544,257162,722 Gold grade (g/t)7.477.498.126.237.457.29 Milled oreTonnes43,45143,14538,15541,40545,548168,253 Gold grade (g/t)7.697.047.716.117.397.06 &nbs...