Serabi Mining plc
Published: 08:00 CEST 13-06-2011 /Thomson Reuters /Source: Serabi Mining plc /XLON: SRB /ISIN: GB00B4T0YL77
Drilling Update - High Grade Gold Intersected at Currutela
SERABI MINING plc
("Serabi" or "the Company")
DRILLING UPDATE - HIGH GRADE GOLD INTERSECTED AT CURRUTELA
Serabi Mining plc (AIM:SRB, TSX:SBI and SBI.WT), the Brazilian focused gold exploration Company, is pleased to announce further results from its ongoing Phase 1 discovery drilling campaign at its 100% owned Jardim do Ouro project in the Tapajos region. These results covering a total of 7 further drill holes include the first 3 holes into the Currutela target area, as well as completion of the Piaui target (as set out in the announcement dated 7 April 2011) and Panhandle targets.
Drilling has commenced at the Currutela target area, with assay results now received for three of the holes completed to date on this target.
Drilling has intersected multiple zones of hydrothermally altered granite.
These alteration zones appear to be very similar to those hosting mineralization at the Palito deposit which lies along strike some two kilometres to the northwest of the Currutela target.
A number of promising assays have been returned to date including:
Prospect |
Hole |
East |
North |
RL |
Hole Depth |
Dip/Azm |
From |
To |
Width |
Au |
|
|
(UTM) |
(UTM) |
(UTM) |
(m) |
|
(m) |
(m) |
(m) |
g/t |
Currutela |
PDD0464 |
635621.41 |
9300232.70 |
235.18 |
251 |
-59/208 |
65.41 |
66.86 |
1.45 |
0.40 |
|
|
|
|
|
|
|
184.66 |
185.42 |
0.76 |
5.30 |
|
|
|
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