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Significant new exploration targets revealed by...
Significant new exploration targets revealed by....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Significant new exploration targets revealed by regional airborne surveyFor immediate release 20 November 2018Serabi Gold plc(“Serabi” or the “Company”)Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to announce the results from its recent airborne geophysical survey covering the southern portion of its the Jardim Do Ouro tenement. HighlightsThe electromagnetic (“EM”) results obtained have delineated a series of discrete “apparent conductivity” anomalies. These anomalies probably indicate sulphide bodies which the Company hopes will be gold bearing. The anomalies extend to depths of up to 250 metres along two distinct orientations within the tenement package.Numerous airborne anomalies correlate well with known areas of terrestrial Induced Polarisation (“IP”) chargeability anomalies surrounding the Sao Chico deposit including the recently reported (news release of 20 September 2018) Cinderella Shear. Residual magnetic mapping delineated several structural features coincident with known mineralised and IP chargeability anomalies.The magnetic ‘highs’ also probably suggest zones of alteration and reflect both magnetic alteration and hydrothermal, magnetite destructive zones.Soil geochemistry sampling and additional drilling to be undertaken during 2019 to further delineate potential targets.A PDF version of this news release can be accessed using the following link - https://bit.ly/2OSfi7wMike Hodgson, CEO of Serabi, commented:“We have had to wait a significant amount of time to be able to undertake this survey which complements the smaller surveys that the Company undertook in 2008 and 2011. We are delighted with the results. “Until earlier this year, our exploration activities had been essentially suspended since 2011, and what work has been completed has been confined to ‘headframe exploration’ around the Palito and Sao Chico orebodies. It is very exciting to finally be able to undertake some initial regional exploration activity. Serabi’s tenements located between Palito and Sao Chico have, until now, been largely untested, notwithstanding that the areas have been the subject of considerable historical artisanal gold production over the years. This surv...