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Serabi Gold plc : Drilling at Sao Chico returns...
Serabi Gold plc : Drilling at Sao Chico returns....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Serabi Gold plc : Drilling at Sao Chico returns further excellent high grade gold results of more than 100g/t For immediate release8 October 2013Serabi Gold plc(\"Serabi\" or the \"Company\")Drilling at Sao Chico returns further excellent high grade gold results of more than 100g/tSerabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold exploration and development company, today announces the remaining results from 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/1734141/580777.pdfHighlightsHigh-grade gold intersections (including 114.74 g/t and 175.19 g/t) confirm a consistent high grade zone within the Main Vein. Strike length of Main Vein has now more than doubled. Structural continuity now confirmed over 350 metres. Potential for further significant strike and depth extension remains, particularly to the west. Mike Hodgson CEO said \"These results continue to show the excellent potential of Sao Chico. The overall programme has to date more than doubled the original 150 metre strike length, and following the first holes drilled (c.f press release 3 September 2013), the possibility of this strike length becoming substantially larger is a real possibility. This latest set of results includes three very high grade intersections all exceeding 100g/t gold, and their location really opens up the possibility of the high grade ore zones extending at depth. As well as potentially significantly enhancing the resource at Sao Chico we are increasing our understanding of the deposit and we are now preparing all the necessary submissions to the authorities for the conversion of the trial mining license to a full mining licence. Meanwhile Palito, our main asset continues to move steadily towards production. Mining is well underway, both ore being produced from stopes and through continuing mine development and a healthy high grade stockpile is being established. The primary crushing plant is already operational, and rehabilitation of the milling, gravity and flotation sections is proceeding according to plan. We remain confident the plant will be commissioned be...