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Serabi Announces Filing of Technical Report fo...
Serabi Announces Filing of Technical Report fo....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Serabi Announces Filing of Technical Report for its Palito Mining Complex For immediate release26 January 2018Serabi Gold plc(\"Serabi\" or the \"Company\") Serabi Announces Filing of Technical Report for its Palito Mining Complex Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, announces the filing of the technical report for its Palito Mining Complex (the \"Study\"), prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"NI 43-101\") and in particular updated estimates of Mineral Reserves and Mineral Resources for each of the Palito and Sao Chico orebodies. A summary of the updated estimates of Mineral Reserves and Mineral Resources was previously announced in the Company's news release dated December 11, 2017.The Study was prepared by SRK Consulting (US) Inc. in accordance with NI 43-101 and has been filed on SEDAR (www.sedar.com) and is available on the Company's website www.serabigold.com.HighlightsA combined estimated Proven and Probable mineral reserve for the Palito and Sao Chico ore-bodies of 182,000 ounces of contained gold (703,000 tonnes at an average diluted grade of 8.05 g/t) supporting in excess of four years of production. Mineral reserves for the Palito ore-body are estimated at 157,000 ounces of contained gold (613,000 tonnes at an average diluted gold grade of 7.99 g/t). Mineral reserves for the Sao Chico ore-body are estimated at 24,000 ounces of contained gold (90,000 tonnes at an average diluted gold grade of 8.43 g/t). Measured and Indicated mineral resources for the Palito ore-body increased by 31 per cent., compared with the previous resource estimation of June 2012, to 271,000 ounces of contained gold with a further Inferred mineral resource of 177,000 ounces of contained gold. Measured and Indicated mineral resources for Sao Chico ore-body increased by 44 per cent., compared with the October 2012 resource estimation, to 36,000 ounces of contained gold with an additional Inferred mineral resource of 54,000 ounces of contained gold. The mineral resource and reserve estimates exclude previously announced gold discoveries made by Serabi including the Currutela, Copper Hill, Piaui and Palito South areas, where there is currently insufficient geological data to estimate...