Resource News

Serabi Gold (TSX:SBI,LSE:SRB) reported that underground development intersected the main vein at its Sao Chico project, and sample results returned an average true width of 3.6 meters at 42 grams per tonne of gold.

Serabi Gold (TSX:SBI,LSE:SRB) reported that underground development intersected the main vein at its Sao Chico project, and sample results returned an average true width of 3.6 meters at 42 grams per tonne of gold.

As quoted in the press release:

The vein is sub-vertical. The orebody has been intersected and fully exposed by a four metre high and four metre wide gallery that has crossed the Main Vein perpendicular to its strike. This development lies on the 218 metre level, approximately 30 vertical metres below the portal entrance. The Main Vein will now be developed by ‘on-lode’ development where the vein is followed along strike, allowing regular sampling and consequently significantly enhancing the understanding of the ore-body.

Serabi Gold CEO, Mike Hodgson, said:

Obviously this is outstanding news. With a drilled resource of approaching one ounce per tonne, we expected high grades to be intersected, but most encouraging is the width we have encountered. We will now drive east and west following the Main Vein to fully evaluate its potential. With the ongoing development underway and the new drill programme set to begin early next month, I am looking forward to providing regular updates.

Click here to read the Serabi Gold (TSX:SBI,LSE:SRB) press release

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