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Continued exploration success at Sao Chico and ...
Continued exploration success at Sao Chico and ....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n Continued exploration success at Sao Chico and regional geochemistry reveals exciting promise\n \n \n \n \n For immediate release\n \n 11 May 2020\n \n Serabi Gold plc\n (“Serabi” or the “Company”)\n \n \n Continuing Sao Chico mine-site exploration success\n Regional Exploration shows excellent promise \n \n 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.\n \n A PDF version of this news release is available using the following link - https://bit.ly/2xMSyTM\n \n \n Highlights\n \n \n Results for a further eight surface holes and ten underground holes at Sao Chico since the previous exploration news release of 3 March 2020. \n The new surface drill hole results included significant intersections of: 5.30m @ 12.10g/t Au (Hole: 20-SC-166)3.40m @ 3.94g/t Au (Hole: 20-SC-164)\n The new underground step out drill results included high grade intersections within the upper portion of the main vein of: 1.37m @ 28.77g/t Au (Hole: 20-SCUD-341)2.72m @ 5.06g/t Au (Hole: 20-SCUD-343)\n Diamond drilling demonstrates the Main Vein structure now continues to host gold bearing mineralisation for approximately 375 metres to the west of the current mine limits, an extension of a further 75 metres.\n Reverse circulation percussion drilling on the Cicada terrestrial geophysics anomaly indicates the strong likelihood that the anomaly is a western extension of the Sao Chico vein structure, approximately 1,000 metres to the west of the current mine limits. Results include: 3m @ 2.09g/t Au (Hole: SCRC-004)1m @ 1.17g/t Au (Hole: SCRC-007)\n Regional geochemical sampling has highlighted an area, referred to as Mata Cobra, which represents an eight kilometre by two kilometre soil copper anomaly exceeding 100ppm. This anomaly is coincidental with multiple molybdenum, bismuth, tellurium and arsenic (“Mo±Bi±Te±As”) multi-element anomalies as well as the original airborne electromagnetic (“AEM”) anomalies. \n Within the Mata Cobra copper anomaly, located approximately five kilometres to the south of Palito, numerous significant ...