Comparison vs Serabi Gold’s Palito Early Stage28 May 2026 08:39
Vein Widths
Molly 0.5-0.89m, Palito 0.2-1m
Gold Grades
Molly 5.75-20.7gt, Palito 10-30gt
Polymetallic
Molly AG, CU, credits Zn/Pb noted, Palito CU only
Continuity
Molly CONFIRMED 100-150m Extension and new parallel zone (Molly 2), Palito - it took significant extra drilling to confirm this.
Grades and widths are a strong match. Molly’s 11.5–20.7 g/t over ~0.5 m intercepts are squarely in the range that Serabi mined profitably for years (and continues to intersect in brownfield drilling). The 20.7 g/t hole sits with Palito’s better shoots.
Geological setting is almost identical. Both are mesothermal/epithermal quartz-sulphide veins in the Tapajós Belt, structurally controlled, with “blowout” high-grade zones and polymetallic credits. The RNS correctly highlights this analogy to Palito/Serabi.
Critical success factor for Palito was persistence and volume. Rio Tinto walked away from narrow veins; Serabi drilled systematically, proved multiple parallel structures, and developed underground. Molly is at the “Rio Tinto exit / early Serabi” point — exciting intercepts exist, but scale and continuity still need proving with more drilling.
Molly advantages at this stage: Polymetallic credits (Ag, Cu, Zn, Pb) may prove more valuable than Palito’s Cu-only by-product. New Molly 2 discovery adds immediate exploration leverage that Palito built over several years.
Clearly more work needed to sure up and define the resource but at this stage the results so far are very encouraging.