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Serabi Gold PLC- Surrey, England-based Gold mining company focused on Brazil - Records further high-grade intersection from underground development at the Coringa mine in Brazil. The V3 vein of the Serra Zone records 12.4 grams per tonne of gold over 0.9 metres on the 320 metre level. Also records 14.6 grams per tonne of gold over 0.4 metres on the 340 metre level. The V1 vein records an assay of 7.8 grams per tonne of gold over 1.3 metres.
Chief Executive Mike Hodgson says: ‘Coringa is an advanced development stage project and Serabis next producing mine that will double group production and convert the company into a multi-asset producer. We remain on track for initial gold production in 2023.’
Current stock price: 53.75 pence, up 0.5% in London
12-month change: down 25%
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