Business
Positive results from regional exploration ac...
Positive results from regional exploration ac....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n\n \n \n\n Positive results from regional exploration activity around the Palito tenement\n\nPositive results from regional exploration activity around the Palito tenement Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to provide a Greenfield Exploration update from its activities in its Palito Complex regional tenements in the Tapajos region of Para State, Northern Brazil. The exploration activity is being undertaken as part of the Exploration Alliance funded by Vale SA. To access a PDF Copy of this news release including all images please use the following link - https://bit.ly/3sUVgmT Highlights Interpretation of regional airborne geophysics and soil geochemistry have identified a large scale (crustal) dilational feature which hosts at least four new gold and copper prospects.At Calico North, preliminary results have defined anomalous and consistent gold trends following a NW-SE structural trend, similar to the Palito deposit, located 1.5km to the north. The results suggest the continuity of the Palito mineralised corridor to the southwest.At Isla, NW-SE trending 3.5 kilometre geochemical copper anomaly of more than 300ppm has been defined, very similar in size and copper values with the Matilda copper prospect. The copper anomaly also has a coincidental airborne EM conductivity anomaly.Systematic soil sampling demonstrates the prospectivity of the ground holding, and will continue until the end of 2023, which will generate multiple new targets for a 2024 drilling programme.The full programme to collect 5,500 soil samples will increase coverage by first pass surface geochemistry, to over 70% of Serabi’s Palito Complex tenement.Re-interpretation of existing targets have refined understanding and identified potential for epithermal and porphyry style mineralisation at Ganso, Forquilha and Calico targets. Mike Hodgson CEO commented, “Geochemistry from soil sampling around the Palito complex has been successful over the years, and the latest results to date continue to generate some highly promising prospects. This Greenfield exploration has been undertaken under the Alliance with Vale announced last year, focused on copper prospects. At the end of this year, we will be in a strong position to define the next phase of our exploration programme that may include geophysic...