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First Phase Infill and Step-out drilling more t...
First Phase Infill and Step-out drilling more t....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n First Phase Infill and Step-out drilling more than doubles strike length of Main Vein at Sao Chico For immediate release9 September 2013Serabi Gold plc(\"Serabi\" or the \"Company\")First Phase Infill and Step-out drilling more than doubles strike length of Main Vein at Sao ChicoSerabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold exploration and development company, company today announces the first results from eleven holes of its infill and step-out definition drilling programme at its Sao Chico gold deposit in the Tapajos Province, Para State, Brazil. [A PDF version of this release including pictures can be accessed using the following link http://hugin.info/137617/R/1727562/576855.pdf ]HighlightsHigh-grade intersections (in excess of 20g/t) consistent with earlier drill programmes have been encountered. Strike length of Main Vein more than doubled. Potential for further significant strike extension. Structural continuity confirmed over 350 metres, remaining open along strike to the east and west as well as down dip. A twenty two hole infill and step-out definition drill programme commenced in June 2013, targeting the high grade Main Vein at the Sao Chico Project. The results from the first 11 of these 22 holes have returned a series of high grade gold intersections. The drilling intercepted a continuous zone of alteration and quartz sulphide veins beneath and along strike from the previous 3,200 metre resource drilling conducted by Kenai Resources Limited in 2011. The interpretation now indicates that the Main Vein is open in all directions and its strike may be continuous to the first phase exploration drill holes located up to 200 metres to the west, results for which were released on 3 September 2013.Plan view of the Sao Chico drill-holes, and vein traces. Please use the following link to access the diagram - http://hugin.info/137617/R/1727562/576666.jpgLong section looking north of the Main Vein at Sao Chico showing drill interceptsPlease use the following link to access the diagram - http://hugin.info/137617/R/1727562/576667.jpgHoles 13-SC-034 and 13-SC-038 being the most westerly located drill-holes in the Main Vein definition programme, have significantly opened the strike potential of the mineralised structure. Interpolation of these results w...