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Serabi Gold drills 7.2 m of 258 g/t Au at Sao Domingos
2021-04-07 07:27 ET - News Release
Mr. Michael Hodgson reports
VISIBLE GOLD WITH INTERSECTION OF 7.2M AT 258 g/T GOLD UNDERPINS FURTHER EXPLORATION SUCCESS AT SAO DOMINGOS.
Serabi Gold PLC has provided highly encouraging exploration drilling results from the Toucano trend at its Sao Domingos project, as well as very encouraging results from its regional geochemical survey also at Sao Domingos.
Highlights
- Visible gold was identified in hole 21-SD-010, which returned a number of intersections, including 7.15 metres at 258.24 grams per tonne (g/t) of gold.
- Drilling on the Toucano trend at Sao Domingos has intersected three mineralized structures, all hosted within a mineralized alteration zone with a true width of 50 metres.
- Mineralization is confirmed along at least a 400-metre strike length and remains open at depth and along strike.
- Significant new results received include:
- 21-SD-010 -- 7.40 m at 1.95 g/t Au from 141.00 m, including 1.90 m at 5.12 g/t Au;
- 21-SD-010 -- 7.00 m at 9.68 g/t Au from 151.55 m, including 1.40 m at 26.24 g/t Au;
- 21-SD-010 -- 7.15 m at 258.24 g/t Au from 172.85 m, including 3.55 m at 519.45 g/t Au;
- 21-SD-005 -- 0.80 m at 89.03 g/t Au from 140.00 m;
- 21-SD-005 -- 4.70 m at 1.42 g/t Au from 76.00 m;
- 21-SD-003 -- 0.50 m at 6.22 g/t Au from 42.00 m;
- 21-SD-003 -- 1.80 m at 3.77 g/t Au from 67.25 m.
- A soil sample geochemical survey, undertaken in the eastern area of the Sao Domingos tenement that runs into the western part of the Sao Chico mining licence, has defined multiple areas of anomalous gold in soils. These gold-in-soil anomalies are coincidental with and supported by other multielement anomalies.
Mike Hodgson, chief executive officer of Serabi, commented:
"These are an excellent set of further results and follow up on the maiden press release for exploration at Sao Domingos issued on Jan. 22, 2021. Holes 21-SD-003 and 21-SD-010, together with the previously reported hole 21-SD-001, have all been drilled on the same drill cross-section and the collective results are building a very encouraging picture. We have identified multiple high-grade veins, of which at least three are significant, in a 50-metre-wide, subvertical, mineralized alteration zone. Hole 010 is the current highlight, where a drilled width totalling 70 metres of alteration was cut, within which multiple high-grade intersections including 9.68 g/t Au over 7.0 metres, 26.24 g/t Au over 1.40 metres and 258.24 g/t Au over 7.15 metres, including 519.45 g/t Au over 3.55 metres were recorded. Visible gold was recorded in this last intersection.
"With holes 21-SD-005 and 21-SD-002, drilled on the next step-out section, 200 metres to the northeast along strike, returning further encouraging intersections including gold grades of up to 89 g/t, we are very encouraged with how Toucano is evolving. The plan is to complete the drilling along Section 1 over the Toucano pit area to establish the full strike width of the mineralized zone before moving along strike to the northeast and southwest and repeating the drilling on a series of parallel sections. With artisanal activity and initial drilling already in place, we have a potential strike of 600 metres, and the plan is to replicate the drill coverage undertaken on the central section over that entire strike length."