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Drilling Update - High Grade Gold Intersected a...
Drilling Update - High Grade Gold Intersected 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\n DRILLING UPDATE - HIGH GRADE GOLD INTERSECTED AT CURRUTELA\n\nSerabi Mining plc (AIM:SRB, TSX:SBI and SBI.WT), the Brazilian focused gold\nexploration Company, is pleased to announce further results from its ongoing\nPhase 1 discovery drilling campaign at its 100% owned Jardim do Ouro project in\nthe Tapajos region. These results covering a total of 7 further drill holes\ninclude the first 3 holes into the Currutela target area, as well as completion\nof the Piaui target (as set out in the announcement dated 7 April 2011) and\nPanhandle targets.\n\nDrilling has commenced at the Currutela target area, with assay results now\nreceived for three of the holes completed to date on this target. Drilling has\nintersected multiple zones of hydrothermally altered granite. These alteration\nzones appear to be very similar to those hosting mineralization at the Palito\ndeposit which lies along strike some two kilometres to the northwest of the\nCurrutela target.\n\nA number of promising assays have been returned to date including:\n\n+---------------------------------------------------------------------------------------+\n| Hole |\n|Prospect Hole East North RL Depth Dip/Azm From To Width Au |\n| |\n|   (UTM) (UTM) (UTM) (m)  (m) (m) (m) g/t |\n+---------------------------------------------------------------------------------------+\n|Currutela PDD0464 635621.41 9300232.70 235.18 251 -59/208 65.41 66.86 1.45 0.40 |\n| |\n|        184.66 185.42 0.76 5.30 |\n| |\n|        226.35 227.21 0.86 0.74 |\n+---------------------------------------------------------------------------------------+\n|Currutela PDD0465 635799.24 9300176.26 216.43 300 -48/024 208.54 210.68 2.14 12.92|\n| |\n|       including 208.54 209.54 1.00 25.60|\n+---------------------------------------------------------------------------------------+\n|Currutela PDD0466 635853.56 9300262.83 253.26 275.1 -50/030 182.99 183.58 0.59 1.35 |\n| |\n|            |\n+---------------------------------------------------------------------------------------+\nNote: Assay intercepts are...