Business
Serabi reports encouraging level of gold produc...
Serabi reports encouraging level of gold produc....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n Serabi reports encouraging level of gold production for the second quarter of 2020\n \n \n \n \n For immediate release\n \n 23 July 2020\n \n Serabi Gold plc\n (“Serabi” or the “Company”)\n \n \n Serabi reports encouraging level of gold production for the second quarter of 2020\n .\n \n Serabi Gold plc (AIM: SRB, TSX: SBI), the Brazilian focused gold mining and development company, is pleased to provide the results and a review of its second quarter operational and development activities in the Tapajos region of Para State, Northern Brazil. \n A PDF copy of this news release can be accessed using he following link - https://bit.ly/2ZR7pYM\n \n OPERATIONAL and DEVELOPMENT HIGHLIGHTS\n \n \n Second quarter gold production of 8,504 ounces, resulting in 17,525 ounces for the year to date.\n 43,519 tonnes of ore mined during the quarter at 5.85 grams per tonne (“g/t”) of gold.\n 44,235 tonnes of run of mine (“ROM”) ore were processed through the plant from the combined Palito and Sao Chico orebodies, with an average grade of 5.91 g/t of gold.\n 3,004 metres of horizontal development completed during the quarter, the highest level of development metres to date.\n Results reported in the second quarter for a further eight surface holes and ten underground holes at Sao Chico demonstrate the Main Vein structure now continues to host gold bearing mineralisation for approximately 375 metres to the west of the current mine limits, an extension of a further 75 metres.\n \n Results included: \n \n \n 5.30m @ 12.10g/t Au (Hole: 20-SC-166)\n \n 3.40m @ 3.94g/t Au (Hole: 20-SC-164)\n \n 1.37m @ 28.77g/t Au (Hole: 20-SCUD-341)\n \n 2.72m @ 5.06g/t Au (Hole: 20-SCUD-343)\n \n \n Reverse circulation percussion drilling on the Cicada terrestrial geophysics anomaly indicates the strong likelihood that the anomaly is a western extension of the Sao Chico vein structure, approximately 1,000 metres to the west of the current mine limits. Results include: 3m @ 2.09g/t Au (Hole: SCRC-004)1m @ 1.17g/t Au (Hole: SCRC-007)\n Regional geochemical sampling has highlighted an area, referred to as Mata Cobra, which represents an eight kilometre by two kilometre soil copper anomaly exceeding 100ppm. This anomaly is coincidental with multiple molybdenum, bismuth, ...