Serabi Gold Plc

Published : January 28th, 2015

Assay result of 42 g/t over 3.6 metres from Main Vein development at Sao Chico

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Keywords :   Brazil | Capital Markets | Fixed | Gold | Growth | London | Oil |

Assay result of 42 g/t over 3.6 metres from Main Vein development at Sao Chico

Microsoft Word - SC Main Vein intersection 26-01-15 (WEBFINAL)


PRESS RELEASE 28 JANUARY 2015

SERABI GOLD plc ("Serabi" or "the Company")

Assay result of 42 g/t over 3.6 metres from Main Vein development at Sao Chico

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to provide a further operational update on its wholly owned Sao Chico Gold operation in the Tapajos region of Para State, Northern Brazil.

On 20 January 2015, the Company reported that underground development had just intersected the Main Vein, the principal identified structure at Sao Chico. The Company has now sampled the vein and received assay results from its in-house laboratory.

The intersection has recorded an average true width of 3.6 metres with a gold grade of 42 g/t gold. The vein is sub-vertical. The orebody has been intersected and fully exposed by a four metre high and four metre wide gallery that has crossed the Main Vein perpendicular to its strike. This development lies on the 218 metre level, approximately 30 vertical metres below the portal entrance. The Main Vein will now be developed by 'on-lode' development where the vein is followed along strike, allowing regular sampling and consequently significantly enhancing the understanding of the ore-body.

Deepening of the main ramp is continuing to the next level, planned at 178 metres, where the Main Vein will be intersected once again and similarly evaluated by 'on-lode' development. The Company plans to undertake over 750 metres of ramp

development and 2,700 metres of ore development at Sao Chico during the course of 2015.

Intersection of the Main Vein

SERABI GOLD PLC

2nd Floor, 30-32 Ludgate Hill, London EC4M 7DR This document is not intended to and does t +44 (0)20 7246 6830 f +44 (0)20 7246 6831 e [email protected] www.serabigold.com not amount to an invitation or inducement to Registered Office 66 Lincoln's Inn Fields, London, WC2A 3LH Company Number 5131528 subscribe for shares in Serabi Gold plc

PRESS RELEASE 28 JANUARY 2015

SERABI GOLD plc ("Serabi" or "the Company")

Mike Hodgson CEO said

"Obviously this is outstanding news. With a drilled resource of approaching one ounce per tonne, we expected high grades to be intersected, but most encouraging is the width we have encountered. We will now drive east and west following the Main Vein to fully evaluate its potential.

"As was mentioned earlier this month, we have now intersected some eight veins in the cutback and the ramp, all of which lie outside the declared geological resource, and with the true width of the Main Vein in this intersection in excess of three metres, we continue to be very excited with what we are finding at Sao Chico.

"With the ongoing development underway and the new drill programme set to begin early next month, I am looking forward to providing regular updates"

Enquiries

SERABI GOLD plc

Michael Hodgson t +44 (0)20 7246 6830

Chief Executive m +44 (0)7799 473621

Clive Line t +44 (0)20 7246 6830

Finance Director m +44 (0)7710 151692

e [email protected] www.serabigold.com

BEAUMONT CORNISH Limited

Nominated Adviser & Financial Adviser

Roland Cornish t +44 (0)20 7628 3396

Michael Cornish t +44 (0)20 7628 3396

PEEL HUNT LLP UK Broker

Matthew Armitt t +44 (0)20 7418 9000

Ross Allister t +44 (0)20 7418 9000

Blytheweigh

UK Financial PR

Tim Blythe t +44 (0)20 7138 3204

m +44 7816 924626

Halimah Hussain t +44 (0)20 7138 3203

m +44 7725 978141

Copies of this release are available from the Company's website at www.serabigold.com

Forward-looking statements

Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be
reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.

Qualified Persons Statement

The scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 25 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009.
.

Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release.

SERABI GOLD PLC

2nd Floor, 30-32 Ludgate Hill, London EC4M 7DR

t +44 (0)20 7246 6830 f +44 (0)20 7246 6831 e [email protected]

www.serabigold.com

This document is not intended to and does not amount to an invitation or inducement to

Registered Office 66 Lincoln's Inn Fields, London, WC2A 3LH Company Number 5131528 subscribe for shares in Serabi Gold plc


PRESS RELEASE 28 JANUARY 2015

SERABI GOLD plc ("Serabi" or "the Company")

GLOSSARY OF TERMS

The following is a glossary of technical terms: "Au" - gold.

"assay" - in economic geology, means to analyze the proportions of metal in a rock or overburden sample; to test an ore or mineral for

composition, purity, weight or other properties of commercial interest.

"development" - excavations used to establish access to the mineralised rock and other workings.

"grade" - the concentration of mineral within the host rock typically quoted as grams per tonne (g/t), parts per million (ppm) or parts per billion (ppb).

"g/t" - grams per tonne.

"granodiorite" - an igneous intrusive rock similar to granite.

"igneous" - a rock that has solidified from molten material or magma. "Intrusive" is a body of igneous rock that invades older rocks.

"mRL" - depth in metres measured relative to a fixed point - in the case of Palito this is sea-level. The mine entrance is at 250mRL. "on-lode development"- Development that is undertaken in and following the direction of the Vein

"saprolite" - a weathered or decomposed clay-rich rock. "sub-vertical" - having a steep, near vertical, angle.

"structure" - a geological formation or series of formations that exhibit common characteristics indicative of common origins.

"vein" - a generic term to describe an occurrence of mineralised rock within an area of non-mineralised rock.

SERABI GOLD PLC

2nd Floor, 30-32 Ludgate Hill, London EC4M 7DR This document is not intended to and does t +44 (0)20 7246 6830 f +44 (0)20 7246 6831 e [email protected] www.serabigold.com not amount to an invitation or inducement to Registered Office 66 Lincoln's Inn Fields, London, WC2A 3LH Company Number 5131528 subscribe for shares in Serabi Gold plc

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Brazil | All
Gold and Silver Prices for these countries : Brazil | All

Serabi Gold Plc

PRODUCER
CODE : SRB.L
ISIN : GB00B4T0YL77
CUSIP : 00B074J639
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Serabi Gold is a producing gold company based in United kingdom.

Serabi Gold holds various exploration projects in Brazil.

Its main asset in production is PALITO in Brazil and its main exploration properties are TAPAJOS - MODELO, JARDIM DO OURO, TAPAJOS - PIZON and PIAUI STRKE LENGTH in Brazil.

Serabi Gold is listed in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 34.3 billions as of today (US$ 38.9 billions, € 36.0 billions).

Its stock quote reached its lowest recent point on October 31, 2008 at GBX 0.25, and its highest recent level on September 20, 2019 at GBX 92.80.

Serabi Gold has 700 843 570 shares outstanding.

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Corporate Presentations of Serabi Gold Plc
7/1/2009- Investor Presentations
4/24/2008Corporate presentation 2008
4/5/2006Corporate presentation
Annual reports of Serabi Gold Plc
Notice of AGM and publication of Annual Report and Accounts
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3/28/2011- Filing of Final Prospectus, C$4.95 million financing and B...
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Option Grants of Serabi Gold Plc
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12/3/2007Award of 400,000 stock options
Nominations of Serabi Gold Plc
7/29/2013Serabi Gold plc : Appointment of new Director
1/17/2013Serabi Gold plc : Issue of 270,000,000 Ordinary Shares at 6 ...
7/4/2011(UK) - Appointment of Broker
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8/16/2011(UK) - INTERIM RESULTS FOR THE 6 MONTHS TO 30 JUNE 2011
5/17/2011- Release of Q1 Financial Results and Managment Discussion a...
1/21/2011 Unaudited financial results for the 9 months ended 30 Septe...
Project news of Serabi Gold Plc
4/20/2016First quarter update on gold operations at Palito and Sao Ch...
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2/22/2011(Palito)- GEOCHEMICAL RESULTS FROM THE PIAUI DRILL TARGET AT PALITO
4/9/2010(Palito)Statement re Update on Palito Gold Project
1/28/2010(Palito)Progress Update
7/9/2008(Palito)Ore Reserve and Mineral Resource Update
10/4/2006(Palito)Commercial production at Palito
Corporate news of Serabi Gold Plc
5/17/2016Award of Share Options
3/30/2016Audited Results for the year ended 31 December 2015
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12/31/2015US$5 million convertible loan facility
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12/23/2013Serabi Gold plc : Directorate change
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1/16/2013Serabi Gold plc : Result of General Meeting
6/18/2012Serabi Gold plc : Result of AGM
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5/21/2012Serabi Gold plc : Award of Share Options
3/29/2012Serabi Gold plc : Audited results for the year ended 31 Dece...
1/24/2012=?UTF-8?Q?Serabi_Gold_plc_:_Issue_of_Equity_-_Placing_of_27,...
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12/19/2011Serabi Gold plc : Directorate change
6/27/2011(UK) - Result of AGM
5/23/2011- 2011 AIRBORNE GEOPHYSICAL SURVEY RESULTS
5/16/2011- Notice of Annual General Meeting and Special Meeting
6/16/2010- Share Issue
6/16/2010- Share Subscription Agreement with Eldorado Gold Corporatio...
12/31/2009Total Voting Rights
12/21/2009Variation in Directors Terms of Employment
12/10/2009- Holding in Company
12/3/2009- Additional Placing
12/3/2009- Result of the Open Offer
12/1/2009- Total voting rights
11/20/2009- Holding(s) in Company
11/17/2009- Announcement of Open Offer
11/10/2009- Update on Placing and Issue of further Ordinary Shares
11/10/2009- Placing of Shares, Convertible Facility and Open Offer
10/15/2009- Holding(s) in Company
9/23/2009- Statement re Share Price Movement
9/15/2009- Holding(s) in Company
8/18/2009- Results of Annual General Meeting
8/18/2009- AGM Statement
7/30/2009- 2nd Quarter Investor Update
6/26/2009- Holding(s) in Company
3/9/2009- Holding in Company
2/27/2009- Change of Nomad and Broker
2/24/2009- Holding in Company
2/23/2009- Update on Corporate Events
1/28/2009- Result of General Meeting of Shareholders
1/2/2009- Circular re Proposed Capital Reorganisation
12/8/2008- Update on Strategic Review
11/4/2008- Rule 2.10 Announcement : CORRECTION
11/4/2008- Section 2.10 Announcement
11/3/2008- Announcement re: preliminary approaches
9/22/2008- Holding(s) in Company
7/30/2008- 2nd Quarter Investor Update
4/23/2008 1st Quarter Results - correction
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11/23/2007Director/PDMR Shareholding
10/25/20073rd Quarter Results
9/14/2007Notification of Shareholding
9/11/2007 Exploration Release
7/26/20072nd Quarter Results
6/5/2007Exploration results indicate new mining potential at Palito
6/1/2007AGM Statement
5/17/2007Holding(s) in Company
4/11/2007Mining Final Results
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