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FIRST DRILL TEST OF GEOPHYSICAL TARGETS AT PIAU...
FIRST DRILL TEST OF GEOPHYSICAL TARGETS AT PIAU....
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\n\n First Drill Test of Geophysical Targets at Piaui Intersects Significant Gold\n Mineralisation\n\n\nSerabi Mining plc (AIM:SRB, TSX:SBI and SBI.WT), the Brazilian focused gold\nexploration company, is pleased to release results from the first exploration\ndiamond drill holes in the Piaui geophysical anomaly at their Jardim do Ouro\nProject (\"JDO\") in the Tapajos region of Brazil.\n\nIn December 2010 the Company commenced a 7,500 metre drilling programme designed\nto target nine high priority Induced Polarization (IP) targets. To date the\nCompany has completed seven drill holes at Piaui and received assays from the\nfirst five holes. The drilling has to date tested a 200m strike length of the\n500m long geophysical model and has returned significant gold intercepts in all\nfive drill holes. The style of the mineralization intersected to date appears to\nbe broader width to mineral resources identified at JDO to date\n\n\nMike Hodgson, Chief Executive, commented:\n\n\"Piaui, selected first for its relative ease of access, is one  of nine targets\nto be drilled in this campaign and to obtain consistent intersections in all\nholes drilled to date, in this, our first target, is a great result. What is\nmost appealing is the indication that for the first time, we are discovering\nbroader width mineralization extending to surface at JDO. The apparent\nstructural and grade continuity over the first 200m bodes well for the remainder\nof the Piaui programme and also gives us confidence of further success on the\nremaining eight targets\".\n\n\n+------------------------------------------------------------------------------+\n| Hole |\n| Hole East North RL Depth Dip/Azm From To Width Au |\n| |\n|  (UTM) (UTM) (UTM) (m)  (m) (m) (m) g/t |\n+------------------------------------------------------------------------------+\n|PDD0455 633176 9300456 221.69 175.0 -62/032 3.50 8.00 4.5 2.75 |\n| |\n|      17.00 19.50 2.5 1.06 |\n| |\n|       28.40 31.90 3.5 1.58 |\n| |\n|       115.70 116.40 0.7 0.93 |\n+------------------------------------------------------------------------------+\n|PDD0456 633162 9300431 218...