Serabi Gold ( (GB:SRB) ) has provided an update.
Serabi Gold has announced an exploration update for its Palito Complex, Coringa Mine, and São Domingos target in Northern Brazil. The company has initiated a $9 million exploration program aimed at increasing resource ounces at both the Coringa Mine and Palito Complex. This includes extensive diamond drilling and geophysical surveys. Initial results from the São Domingos prospect are promising, with high-grade gold intercepts suggesting significant potential for resource expansion. The exploration efforts are part of Serabi’s Phase II growth strategy, which aims to significantly increase gold resources and enhance the company’s market position.
More about Serabi Gold
Serabi Gold plc is a gold mining and development company focused on operations in Brazil. The company primarily engages in the exploration and development of gold deposits, with a particular focus on the Tapajós region of Pará State, Northern Brazil.
YTD Price Performance: 25.00%
Average Trading Volume: 379,094
Technical Sentiment Signal: Strong Sell
Current Market Cap: £102.2M
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