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Sao Chico upside enhanced with completion of In...
Sao Chico upside enhanced with completion of In....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Sao Chico upside enhanced with completion of Induced Polarization SurveyFor immediate release 28 November 2018Serabi Gold plc(“Serabi” or the “Company”)Sao Chico upside enhanced with completion of Induced Polarization Survey Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to announce the completion of terrestrial induced polarisation (“IP”) geophysical survey covering the strike extent of the Sao Chico structural corridor with a number of significant chargeability anomalies identified. A PDF version of this news release can be accessed using the following link - PDF Version of news releaseHighlightsEncouraging results from IP survey, identifying a number of anomalies to the south, east and west of the Sao Chico deposit.The Cinderella Anomaly, a chargeability and conductive high over seven kilometres long, trending north east to south west is coincident with a strong magnetic anomaly as well as sporadic electromagnetic anomalies. This triumvirate of geophysical signatures makes this a compelling target.A two kilometre long, east-northeast to west-southwest trending, robust chargeability anomaly, coincident with a subtle magnetic high, situated only two kilometres west of the Sao Chico.An elongate chargeability anomaly lying on the western edge of the survey area.A cluster of chargeability anomalies located in the northwest of the survey area and lying within the Sao Chico strike corridor.A chargeability/conductivity anomaly on the flanks of the Cinderella Anomaly, also hosted within a magnetic high. Extensive surface geochemistry programme to be undertaken to identify and refine drilling targets for 2019.Mike Hodgson, CEO of Serabi, commented:“As the images demonstrate, the results from this survey have been excellent, and better than we would have expected at the outset. The survey has shown abundant, high quality chargeability anomalies to the south, east and west of the Sao Chico Deposit. “As I noted following our news release of 20 November 2018, the multiple anomalies that the airborne survey has generated are very exciting, but I feel that this cluster of IP anomalies all located in our exploration tenements, and all within seven kilometres of the Sao Chico deposit,...