Drilling at Sao Chico returns further excellent high gradeOct 8, 2013: Drilling at Sao Chico returns further excellent high grade gold results of more than 100g/t. Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold exploration and development company, today announces the remaining results from its infill and step-out definition drilling programme at its Sao Chico gold deposit in the Tapajos Province, Para State, Brazil. [A PDF version of this release including pictures can be accessed using the following link - https://hugin.info/137617/R/1734141/580777.pdf Highlights • High-grade gold intersections (including 114.74 g/t and 175.19 g/t) confirm a consistent high grade zone within the Main Vein. • Strike length of Main Vein has now more than doubled. • Structural continuity now confirmed over 350 metres. • Potential for further significant strike and depth extension remains, particularly to the west. Mike Hodgson CEO said "These results continue to show the excellent potential of Sao Chico. The overall programme has to date more than doubled the original 150 metre strike length, and following the first holes drilled (c.f press release 3 September 2013), the possibility of this strike length becoming substantially larger is a real possibility. This latest set of results includes three very high grade intersections all exceeding 100g/t gold, and their location really opens up the possibility of the high grade ore zones extending at depth. As well as potentially significantly enhancing the resource at Sao Chico we are increasing our understanding of the deposit and we are now preparing all the necessary submissions to the authorities for the conversion of the trial mining license to a full mining licence. Meanwhile Palito, our main asset continues to move steadily towards production. Mining is well underway, both ore being produced from stopes and through continuing mine development and a healthy high grade stockpile is being established. The primary crushing plant is already operational, and rehabilitation of the milling, gravity and flotation sections is proceeding according to plan. We remain confident the plant will be commissioned before year end. Once completed, we can begin to process stockpiled Palito ore and focus on our plans to grow future production". A twenty-one (21) hole infill and step-out definition drill programme that commenced in June 2013, targeting the high grade Main Vein at the Sao Chico Project has now been completed. The results from the first 11 of these 21 holes were released on 9 September 2013 and the remaining 10 holes have continued to return a series of high grade gold intersections. The drilling intercepted a continuous zone of alteration and quartz sulphide veins beneath and along strike from the previous 3,200 metre resource drilling conducted by Kenai Resources Limited in 2011. The Main Vein reports strong lead and zinc analyses which assist in the interpretation of the mineralised zone. Where lower gold grades are returned from the main vein zone, the supporting base metal analyses confirm and support the continuity of the structure and the interpretation. Drilling continues further exploration on the nearby Highway Vein prospect and also investigating target areas generated from the ongoing IP survey over the exploration tenement. Long section looking north of the Main Vein at Sao Chico showing drill intercepts Please click on the following link to access the diagram - https://hugin.info/137617/R/1734141/580778.png