Serabi Gold files technical report for Brazil prospect
Source - SMW
Brazilian-focused miner Serabi Gold said it had filed a technical report for its Palito mining complex.
Studies had shown the prospect contained an estimated proven and probable mineral reserve for the Palito and Sao Chico ore-bodies of 182,000 ounces of contained gold, supporting in excess of four years of production.
"With the recently announced acquisition of the Coringa gold project that was completed on December 21, the company now has, in aggregate, declared measured and indicated mineral resources of over 500,000 ounces and aggregate inferred mineral resources of over 410,000 ounces," chief executive Mike Hodgson said.
At 8:18am: (LON:SRB) Serabi Mining PLC share price was 0p at 3.51p