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Metal & Mining Stocks
Serabi Gold (TSX:SBI, OTCQX:SRBIF) Exploration Update: New Drill Results from Brazil
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Highlights
Serabi Gold plc, a gold mining company focused on Brazil, has provided an update on its exploration activities across its Palito Complex, Coringa Mine, and São Domingos target in the Tapajós region of Pará State. This update follows the launch of a $9 million exploration program aimed at increasing gold resource estimates for these sites.
The exploration campaign began in the last quarter of 2024 and includes 30,000 meters of diamond drilling, with 16,000 meters focused on Coringa and 14,000 meters at the Palito Complex. The drilling will target new geophysical anomalies, extensions of known ore bodies, and unexplored geochemical trends in the region. In addition, a 100-kilometer induced polarization (IP) survey is being conducted at Coringa.
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