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Serabi Gold PLC - Brazil-focused gold miner - Reports high-grade drilling results as part of a $9 million exploration campaign across its Palito complex, Coringa mine and Sao Domingos targets in Para State, northern Brazil. Drilling at Sao Domingos returns highlight intercept of 1.65 metres at 80.50 grams of gold per tonne. Initial model at Sao Domingos estimates potential 88,500 ounces at 13.83 grammes per tonne in one of five zones. At Coringa, intercepts include 0.5 metres at 52.07 grammes at Galena and 0.5 metres at 27.78 grammes at Jatoba. Palito drilling includes 0.6 metres at 27.17 grammes from the Senna orebody. A 100-kilometre induced polarisation survey and 30,000 metres of drilling are planned for 2025 as part of the company’s phase II growth strategy. Chief Executive Officer Mike Hodgson says the company is ‘on its path to significantly grow resources’ toward a 1.5 to 2.0 million ounce target. Current stock price: 123.48 pence, down 8.5% in London on Monday morning 12-month change: up 90% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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