Highlights
Serabi has completed an additional 1,929 line kilometres of airborne magnetic surveying over the highly prospective Sao Domingos property, to the west of the Sao Chico operation, meaning the entire Palito complex tenement has now been surveyed.
Results show the Mata Cobra magnetic trend that dominates the central part of the tenement and which has a coincident copper and gold soil geochemical anomaly, extends into the Sao Domingos property and extends the strike length of the Mata Cobra corridor from 25km to over 40km.
The Sao Domingos extension of the magnetic trend is coincident with geochemical anomalism identified through mapping and soil sampling and, as with Mata Cobra, has significant artisanal mining activity on its periphery.
The Toucano trend is one such area of artisanal mining, now identified as situated on the edge of the magnetic high. Initial drilling into the Toucano prospect at Sao Domingos recorded some very high intersections including visible gold in hole 21-SD-010 which returned a number of intersections including 7.15 metres at 258.24 grammes per tonne ('g/t') of gold (news release dated
The Matilda prospect shows a subtle but distinct magnetic signature coincident with the extensive soil geochemical anomaly, interpreted to reflect a magnetite alteration halo.
The analysis of the survey data is continuing with new targets being delineated for follow-up mapping and soil sampling later this year.
This iinterpretation of the new airborne survey indicates the westward extension of the Mata Cobra trend and fertile structures a further 15km into the Sao Domingos area. Regionally the corridor hosts several high priority targets including Calico, Juca,
The magnetic interpretation of the Toucano and Matilda prospects will assist in drill targeting and focussing the broader exploration efforts during 2022 as Serabi in the highly prospective Sao Domingos tenement area.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
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