Serabi Gold Expands Resources with High-Grade Drill Results at Palito and Coringa
Event summary
- Serabi Gold completed 32,000 meters of diamond drilling across Palito and Coringa sites in 2026, with six drill rigs operational.
- High-grade intercepts include 1.38m @ 11.85 g/t Au at Coringa Serra South and 1.70m @ 16.13 g/t Au at Coringa Meio.
- Updated Mineral Resource Estimates for Palito and Coringa expected in Q1-2027.
- 2025 exploration program increased consolidated Measured and Indicated resources to 730,800 ounces of gold.
The big picture
Serabi Gold's exploration efforts are part of a broader trend in the mining sector to expand existing resources through targeted brownfield exploration. The company's focus on high-grade intercepts aligns with industry efforts to optimize resource allocation and improve operational efficiency. The success of these efforts could position Serabi as a key player in Brazil's gold mining sector, leveraging its proven exploration and permitting expertise.
What we're watching
- Resource Growth Potential
- Whether the high-grade intercepts will translate into significant resource additions at Palito and Coringa.
- Execution Risk
- The pace at which Serabi can integrate new drill results into updated mineral resource estimates by Q1-2027.
- Strategic Expansion
- How Serabi's Phase II organic growth strategy will impact its goal of expanding the Group mineral inventory to 1.5Moz+.
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