Palito Mine

Serabi Gold plc announced new drilling results for Palito Mine, located in Brazil.

Serabi Gold announced encouraging preliminary analytical results from shallow extension drilling on the south-eastern strike extension of the Palito deposit have returned Bonanza grade gold and high grade copper results.

Serabi Mining reported that strike extension of G3 ore zone to the southeast demonstrates mineralisation for a further 400m strike and remains open, including an intersection of 0.93m at 34.75g/t Au & 0.24% Cu. Strike extension of the high grade Palito West mineralisation (Pipoca Zone) for a further 100m to the north-west, including 0.82m at 17.10g/t Au and 0.95m at 11.46g/t Au continues to indicate the ore shoot remains open along strike and at depth.