Serabi Gold (SRB)

Sector:

Mining

Index:

FTSE AIM All-Share

86.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 93.50p
  • 52 Week Low: 30.10p
  • Currency: UK Pounds
  • Shares Issued: 75.73m
  • Volume: 721,281
  • Market Cap: £65.13m
  • RiskGrade: 196

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Serabi reports further positive progress at Palito

By Josh White

Date: Friday 18 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Brazil-focussed developer and miner Serabi Gold updated the market on further positive development from the Palito project on Friday.
The AIM-traded firm said brownfield diamond drilling had continued to define mineralisation at the Piaui prospect, within a series of parallel mineralised structures located 500 metres from the current underground mine infrastructure.

It said shallow drilling confirmed the continuity of three major parallel mineralised structures and identified further smaller parallel zones.

Visible gold was encountered in hole PDD0619 within a zone grading 2.6 metres at 13.37 grams of gold per tonne, including 0.75 metres at 33.74 grams per tonne from 28.55 metres.

High grade intercepts included 0.41 metres at 16.89 grams of gold per tonne from 26.4 metres, 1.94 metres at 11.86 grams per tonne including 0.7 metres at 19.15 grams per tonne from 35.3 metres in hole PDD0618.

It also highlighted 0.65 metres at 14.28 grams of gold per tonne from 43.1 metres, 5.9 metres at 4.11 grams per tonne, including one metre at 17.56 grams per tonne from 69.75 metres at hole PDD0617.

Elsewhere, it recorded two metres at 3.69 grams of gold per tonne, including one metre at 6.54 grams per tonne from 12 metres in hole PDD0616, and 1.6 metres at 2.70 grams per tonne, including 0.5 metres at 6.3 grams per tonne from 113.55 metres, at hole PDD0612.

"The Piaui prospect is shaping up to be an excellent near mine opportunity for Serabi," said chief executive officer Mike Hodgson.

"This excellent set of drill results supports the strong results generated in 2011 with high grades over significant mineable widths.

"Piaui is close to the existing mine infrastructure and therefore can be brought into the mine plan in a short period of time and at low capital cost."

At 1225 GMT, shares in Serabi Gold were down 4.91% at 50.4p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serabi Gold Market Data

Currency UK Pounds
Share Price 86.00p
Change Today -5.00p
% Change -5.49 %
52 Week High 93.50p
52 Week Low 30.10p
Volume 721,281
Shares Issued 75.73m
Market Cap £65.13m
RiskGrade 196

Serabi Gold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.58% above the market average92.58% above the market average92.58% above the market average92.58% above the market average92.58% above the market average
36.51% above the sector average36.51% above the sector average36.51% above the sector average36.51% above the sector average36.51% above the sector average
Price Trend
96.52% above the market average96.52% above the market average96.52% above the market average96.52% above the market average96.52% above the market average
89.78% above the sector average89.78% above the sector average89.78% above the sector average89.78% above the sector average89.78% above the sector average
Income Not Available
Growth
33.13% below the market average33.13% below the market average33.13% below the market average33.13% below the market average33.13% below the market average
28.81% below the sector average28.81% below the sector average28.81% below the sector average28.81% below the sector average28.81% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serabi Gold Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:39 25,000 @ 87.30p
14:36 117,000 @ 86.10p
14:37 100,000 @ 87.30p
16:35 1,176 @ 86.00p
16:35 1,176 @ 86.00p

Serabi Gold Key Personnel

Finance Director Clive Malcolm Line
CEO Michael Hodgson

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