Business
Drilling result confirms potential structural a...
Drilling result confirms potential structural a....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n\n\n\n\n SERABI MINING plc\n (\"Serabi\" or \"the Company\")\n\nDrilling result confirms potential structural and mineralized continuity of the\n Palito and Currutela prospects\n\nSerabi Mining plc (AIM:SRB, TSX:SBI and SBI.WT), the Brazilian focused gold\nexploration Company, is pleased to announce results from a drill hole between\nthe Palito and Currutela prospects at its 100% owned Jardim do Ouro project in\nthe Tapajos region.\n\nFurther to the drilling update dated 11 July 2011, assay results have since been\nreceived for drill hole PDD0470, a drill hole spaced 300 metres to the south-\neast of the last known intersection of the Palito gold deposit and 900 metres\nnorth-west of the closest Currutela drill hole (PDD0469) targeting an\ninterpreted structural lineament potentially hosting both prospects. Drilling\nintersected multiple zones of hydrothermally altered granite, similar to\npreviously reported Palito and Currutela intercepts, at down-hole depths between\n84 metres and 102 metres.\n\nThe bulk mineralised zone returned 17.06m @ 1.17g/t Au from 84.25 metres down\nhole depth, equivalent to a vertical depth of approximately 65 metres.\n\nA number of promising assays were returned using Serabi's intersection\ncalculation criteria, including:\n+------------------------------------------------------------------------------+\n| Hole |\n| Hole East North RL Depth Dip/Azm From To Width Au |\n| |\n| Â (UTM) (UTM) (UTM) (m) Â (m) (m) (m) g/t |\n+------------------------------------------------------------------------------+\n|PDD0470 634661.32 9300795.13 201.01 145.55 -49/217 84.25 85.01 0.76 1.14 |\n| |\n|Â Â Â Â Â Â 89.50 93.82 4.32 1.58 |\n| |\n| Â Â Â Â Â including 90.98 91.86 0.88 5.25 |\n| |\n| Â Â Â Â Â Â 97.78 101.31 3.53 2.89 |\n| |\n| Â Â Â Â Â including 100.70 101.31 0.61 10.90|\n+------------------------------------------------------------------------------+\n\nNote: Assay intercepts are calculated based on a minimum weighted average grade\nof 0.5g/t Au using a 0.5g/t Au weighted average lower cut and a maximum internal\nwaste interval of 1.2m. All assays were completed by EcoTech Laboratory using a\n30gm Fire Assay charge with an AAS analysis.\n\nAs reported by the C...