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Sao Chico Exploration Demonstrates Further Grow...
Sao Chico Exploration Demonstrates Further Grow....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n Sao Chico Exploration Demonstrates Further Growth Potential\n \n \n \n \n For immediate release\n \n \n 1\n 3\n August\n 2021\n \n \n Serabi\n Gold plc\n (“\n Serabi\n ” or the “Company”)\n \n \n Sao Chico \n Exploration\n Demonstrates Further Growth Potential\n \n Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to update the market on ongoing drilling from the Sao Chico project where brownfields diamond drilling has further demonstrated the potential of extensions to the main mineralised corridor on the Julia lode and the existence of a series of parallel mineralised structures that should be accessible using existing mine infrastructure.\n \n A PDF version of this announcement, including all images, can be accessed using the following link \n \n https://bit.ly/3yUqY16\n \n \n \n Highlights\n \n \n Surface drilling on the Julia Vein (Zone 3) intersected significant shallow mineralisation including 4.30m @ 8.52g/t Au (including 0.80m @ 31.08g/t), 2.55m @ 14.29g/t Au (including 0.50m @ 66.70g/t Au) and 0.8m @ 11.85g/t Au to 100 metres below surface.\n Drilling on the Julia Vein (Zone 4) intersected 0.6m @ 3.46g/t Au indicating shallow mineralisation continues from Zone 3 into Zone 4, a western extension of the shallow mineralisation across a dacite dyke intrusion.\n Julia Vein underground drilling intersected 3.3m @ 12.02g/t indicating a potential deeper mineralised shoot developing below 200 metres vertical depth on Julia Zone 3.\n Remodelling and interpretation of historic data has identified a parallel structure approximately 70 metres to the south of the Main Vein, containing several small, but very high-grade shoots. Named “Gabi”, recent underground drilling to confirm this vein target returned results including 0.55m @ 18.24g/t Au.\n Drill testing of an induced polarisation geophysical anomaly 100 metres north of the Main Vein and adjacent to the decline ramp intersected 1.95m @ 3.63g/t Au including 0.70m @ 8.88g/t Au on the Lagoa Intermediate target.\n \n \n Mike Hodgson, CEO of Serabi, commented:\n \n “These recent drill results on the Julia Vein to the west of the mine, and the previously overlooked historical drilling into the Gabi Vein, to the south of the mine are very encouraging. These are satellites that are close to surface, therefore a...