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CORRECTION NOTICE: Exploration Successes at Pal...
CORRECTION NOTICE: Exploration Successes at Pal....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n\n\n\n\nPRESS RELEASE 21st November 2007\n\n SERABI MINING plc (\"Serabi\" or \"the Company\")\n\n Accelerated mine development at Palito West\n following high-grade drill results\n\nSerabi is pleased to announce that the latest campaign of strike and\nextension drilling at Palito West has now been completed and has\nyielded significant high-grade gold/copper mineralisation. A\npreliminary mine study has determined that the access to Palito West\nshould be developed from the existing Palito Main Zone (\"PMZ\")\nunderground operations rather than using a separate decline portal.\n\nPalito West lies 200m to the south-west of the Palito Main Zone. This\nlatest round of drilling has confirmed the previously reported\nstructural continuity within which it has now been shown exists a\nhigh-grade zone of mineralisation extending over 150 metres along\nstrike and over 150 metres vertically. It has also confirmed the\nexistence of a second high-grade zone 40 metres to the south-east and\na third zone some 100 metres to the south-west coincidental with a\nlarge down-hole electromagnetic anomaly.\n\nThe Palito West zone has been drilled on an approximate 40 metres x\n40 metres grid over 200 metres strike to a vertical depth of 200\nmetres The longitudinal section indicates that the high-grade\nstructure remains open at depth. A further drilling campaign to\nexpand the extent of the mineralisation will be undertaken in the\nearly part of 2008.\n\nResults returned to date include:\n\n\n\n Hole East North Elevation Dip/Az From To Drill Au Cu\n (m) (m) (mRL) (local) (m) (m) Interval (g/t) (%)\nPDD0343 9894.02 20364.56 1234.92 -45/270 74.65 75.58 0.93 21.4 0.82\nPDD0345 9926.16 20325.55 1219.97 -45/270 20.64 21.23 0.59 2.18 0.07\n 124.45 125.90 1.45 3.95 0.14\nPDD0346 9927.19 20325.64 1220.02 -60/270 29.25 29.92 0.67 1.77 0.10\nPDD0348 9941.89 20370.02 1238.99 -50/270 13.90 15.72 1.82 3.08 0.01\n 77.13 78.10 0.97 1.99 0.08\n 124.9 126.49 1.59 1.36 0.04\n 133.67 134.38 0.71 20.8 0.39\nPDD0349 9865.92 20323.37 1220.94 -45/270 41.72 42.55 0.83 15.6 0.22\nPDD0350 9723.02 20211.39 1240.27 -45/90 19.55 21.04 1.49 6.44 0.05\n 30.01 30.67 0.66 4.13 0.09\n 45.38 45.90 0.52 2.11 0.01\n 245.90 246.97 1.07 2.01 0.17\nPDD0352 9807.31 20209.77 1222.00 -45/90 <1g/t\nPDD0353 9802.48 20129.62 1221.96 -45/90 <1g/t\nPDD0354 9950.08 20049.09 1213.30 -45...