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Serabi Gold plc : New High Grade Zones Discover...
Serabi Gold plc : New High Grade Zones Discover....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Serabi Gold plc : New High Grade Zones Discovered at Sao Chico Gold Project For immediate release3 September 2013Serabi Gold plc(\"Serabi\" or the \"Company\")New High Grade Zones Discovered at Sao Chico Gold ProjectSerabi Gold plc (AIM:SRB, TSX:SBI and SBI.WT), the Brazilian focused gold exploration and development company, company is pleased to announce it has recorded numerous high-grade gold drilling intercepts from exploration drilling at their Sao Chico deposit in the Tapajos. A PDF copy of this release can be accessed by using the following link - http://hugin.info/137617/R/1726794/576301.pdfThe first phase of a larger ongoing drilling programme of approximately 4,000 metres, targeted two areas of abandoned artisanal mining sites to the immediate west and north of the Sao Chico Main Vein defined by a drilling campaign undertaken in 2011.This first phase of drilling has intercepted a series of parallel narrow quartz-sulfide veins and associated alteration down dip from the artisanal workings and comprised holes 23 to 28 and hole 30 on the accompanying plan. Intersections include 2.00 metres at a gold grade of 85.39 g/t in drill hole 13-SC-030 and 3.25 metres at 58.31 g/t in drill-hole 13-SC-025.Mike Hodgson CEO commented: \"We have always considered the maiden resources at Sao Chico to be conservative, centering as they do, largely on one vein, the Main Vein. With 10 veins identified through trenching, mapping, and historical artisanal workings, we feel the potential to increase high grade resource ounces is clear. The apparent continuity of a high grade gold structure with mineable widths intersected in holes 23, 25, 27 and 30 covering a strike length of some 100m is very encouraging. This structure lies some 200m to the west of the Main Vein and is clearly open along strike and down dip\". http://hugin.info/137617/R/1726794/576302.pngFigure 1 - Main Vein Drill Plan - can be accessed by using the above linkSignificant Intercepts from holes 23, 25, 27 and 30 to the west of the Main Vein and hole SC 026 to the north are tabled below; Hole East(UTM) North(UTM) RL Depth(m) Dip/Azm From(mdh) To(mdh) Width(m) Au ppm Pbppm Zn ppm 13-SC-023 613644 9290466 264 160.3 -55/010 58.75 59.40 0.65 0.52 30 70 74.30 75.25 0.95 3.90 1122 2105 13-SC-025 613683 9290460 251 160.4 -...