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Filing of NI 43-101 compliant Technical Report ...
Filing of NI 43-101 compliant Technical Report ....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Filing of NI 43-101 compliant Technical Report for the Coringa Gold ProjectFor immediate release18 April 2019Serabi Gold plc(“Serabi” or the “Company”)Serabi Announces Filing of Technical Report for the Coringa Gold Project (“Coringa”)Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, announces the filing of the technical report for its Coringa Gold Project (the “Study”), prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and in particular updated estimates of Mineral Resources for Coringa. A summary of the updated estimates of Mineral Resources was previously announced in the Company’s news release dated 4 March 2019 details of which are re-reproduced below. The Study was prepared by Global Resource Engineering Ltd. in accordance with NI 43-101 and has been filed on SEDAR (www.sedar.com) and is available on the Company’s website www.serabigold.com.HighlightsAn Indicated Resource (“Indicated”) 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 (“Inferred”) of 298,000 ounces of contained gold (1,436,000 tonnes at an average in-situ grade of 6.46 g/t). This new mineral resource estimate represents a 37% increase over the previously disclosed estimation (as of May 3, 2017) which comprised 195,000 ounces of Indicated and 181,000 ounces of Inferred. The average reported grade of the Indicated has decreased by 5% from 8.36 g/t to 7.95g/t. The average reported grade of the Inferred has increased by 50% from 4.32 g/t to 6.46g/t. The mineral resource estimate incorporates seven of the nine identified gold hosting zones at Coringa. There is insufficient geological data to include the Domingo and Pista zones as a mineral resource at this time. Further drilling has been completed and the results from this will be included in the Preliminary Economic Assessment (“PEA”), which is underway and the result of which the Company expects to announce before the end of June 2019. (Note: All resource figures stated above are both gross and net attributable to Serabi.)The mineral resource estimate was prepared by Mr Kevin Gunesch, PE and Dr Hamid Samari, QP-MMSA of Global Resource Engineering, Ltd who are ...