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Serabi Announces Filing of Technical Report for its Palito Mining Complex
Jan. 26, 2018 08:55AM PST
Gold Investing
Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, announces the filing of the technical report for its Palito Mining Complex (the “Study”), prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and in particular updated estimates of Mineral Reserves and Mineral Resources for each of …
Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, announces the filing of the technical report for its Palito Mining Complex (the “Study”), prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and in particular updated estimates of Mineral Reserves and Mineral Resources for each of the Palito and Sao Chico orebodies.
A summary of the updated estimates of Mineral Reserves and Mineral Resources was previously announced in the Company’s news release dated December 11, 2017.
Mike Hodgson, CEO of Serabi, commented:
“I am very pleased with the results of this Study. It is a great comfort to me that the Study has confirmed that the Company has, what I consider to be, significant mineral resources and mineral reserves defined at both Palito and Sao Chico, and, in my experience, it is a very healthy position for an underground, vein mining operation to have over four years of mineral reserves defined.
This is a reflection of the investment that the Company has made in ensuring that exploration and development is completed well in advance of production, thereby generating the levels of geological data required to define new mineral resources and mineral reserves.”