Serabi Gold PLC (TSX:SBI,AIM:SRB) announced that results from a five-hole extension drilling program at the Sao Chico project in Para, Brazil, have returned a series of high grade analyses. Several interceptions of gold grades in excess of 25 grams per tonne have been reported including one intercept of 189.6 g/t over one metre.
As quoted in the press release:
In 2011 drilling intersected the Highway Vein in two drill holes on the same section, reporting intercepts of 1.60m @ 5.25g/t Au from 40m in hole 11-SC-012 and 2.92m @ 7.45g/t Au from 118.85m in hole 11-SC-013. The recent drilling program completed towards the end of 2013 consisted of 5 holes which aimed at confirming the 2011 drilling and the strike extensions of the 2011 holes. The drilling reported multiple zones of alteration and narrow quartz sulphide vein.
For the full table of results, click here.
Serabi Gold CEO, Mike Hodgson, said:
To record near surface intersections all exceeding 25g/t gold in four holes out of five drilled is an excellent result. With the potential strike extension of the Main Vein to the West (c.f. press release – 8 October 2013) and now the prospect that the Highway Vein and the Main Vein could be one and the same, it means that the structures encountered at Sao Chico have the potential to be a mineralised zone extending over 700 metres in strike length.