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Serabi Gold provides exploration update for Northern Brazil tenements

Published by , Editorial Assistant
Global Mining Review,


Serabi Gold plc, the Brazilian-focused gold mining and development company, has provided a Greenfield Exploration update from its activities in its Palito Complex regional tenements in the Tapajos region of Para State, Northern Brazil.

The exploration activity is being undertaken as part of the Exploration Alliance funded by Vale SA.

Highlights:

  • Interpretation of regional airborne geophysics and soil geochemistry have identified a large scale (crustal) dilational feature which hosts at least four new gold and copper prospects.
  • At Calico North, preliminary results have defined anomalous and consistent gold trends following a NW-SE structural trend, similar to the Palito deposit, located 1.5 km to the north. The results suggest the continuity of the Palito mineralised corridor to the southwest.
  • At Isla, NW-SE trending 3.5 km geochemical copper anomaly of more than 300 ppm has been defined, very similar in size and copper values with the Matilda copper prospect. The copper anomaly also has a coincidental airborne EM conductivity anomaly.
  • Systematic soil sampling demonstrates the prospectivity of the ground holding, and will continue until the end of 2023, which will generate multiple new targets for a 2024 drilling programme.
  • The full programme to collect 5500 soil samples will increase coverage by first pass surface geochemistry, to over 70% of Serabi’s Palito Complex tenement.
  • Re-interpretation of existing targets have refined understanding and identified potential for epithermal and porphyry style mineralisation at Ganso, Forquilha and Calico targets.

Mike Hodgson, CEO, commented:

“Geochemistry from soil sampling around the Palito complex has been successful over the years, and the latest results to date continue to generate some highly promising prospects. This Greenfield exploration has been undertaken under the Alliance with Vale announced last year, focused on copper prospects. At the end of this year, we will be in a strong position to define the next phase of our exploration programme that may include geophysical follow-up and further drilling of the priority targets.

“The development of the Calico North anomaly has been very encouraging, and the geochemical signature is very comparable with the Palito deposit, which lies just 1.5 km to the north.

“Ganso and Isla were less known to us at the beginning of this campaign, but both targets demonstrate similar geochemical signatures to Matilda, suggesting additional porphyry possibilities. Forquilha is also an exciting target, exhibiting geochemistry consistent with eptithermal vein gold potential.

“The development of these opportunities demonstrates how fertile and prospective our ground is, as we target growth of both high-grade gold and scale bulk base metal prospects.”

Read the article online at: https://www.globalminingreview.com/mining/28112023/serabi-gold-provides-exploration-update-for-northern-brazil-tenements/

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This article has been tagged under the following:

Gold mining news South American mining news Brazilian mining news