Last checked at 
Serabi Gold PLC - Brazilian-focused gold mining & development company - Reports first exploration drilling results at the recently acquired Sao Domingos project and continued success with ore body extension drilling at the Sao Chico deposit. Following regional reconnaissance work within the Sao Domingos property, the company says it elected to focus on the 600 metre long, high-grade gold prospect, Toucano, located eight kilometres west of the Sao Chico operation. The first three diamond drill holes have been completed, with the strong set of intersections recorded.
"The pandemic interrupted our exploration activities in 2020, but by November we had drill rigs back on site, at Sao Chico and Sao Domingos. Drilling at Toucano has restarted following the Christmas break and we will continue to test with drilling the near surface potential along the entire 600 metres zone, as well as infill the channel and rock chip sampling programmes on surface, to build up a good three-dimensional understanding of the prospect," said Chief Executive Mike Hodgson.
"At Sao Chico, we have also enjoyed a successful restart to the exploration programme, focused on the western extension of the Sao Chico orebody and in particular a new zone discovered to the north of the main orebody being mined, called Julia."
Current stock price: 96.92 pence, up 6.5% on Friday
Year-to-date change: up 1.0%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
