Overview of the Technical Report by Serabi Gold
Serabi Gold (LSE:SRB, TSX:SBI) is excited to share that it has officially filed a comprehensive Technical Report related to its updated mineral resource and mineral reserve estimates for the Palito Complex, a project entirely owned by the company in Brazil. This report emphasizes the company’s ongoing commitment to transparency and regulatory compliance in its operations. The report provides critical insights that support the disclosed estimates and is set to enhance the company's profile within the mining sector.
Key Details of the Technical Report
This detailed Technical Report, titled “Palito Mining Complex, NI 43-101 Technical Report, Brazil,” was diligently prepared by NCL Ingeniería y Construcción SpA, a renowned firm based in Santiago, Chile. NCL has reviewed and approved the report, adhering to the National Instrument 43-101, which outlines the standards for mineral project disclosures. This diligence is indicative of Serabi Gold's focus on upholding rigorous technical standards to ensure that stakeholders receive reliable information.
Qualified Persons Behind the Report
The report has been vetted by several qualified individuals who bring valuable expertise to its findings. Among them is Mr. Carlos Guzmán, who serves as the Principal and Project Director at NCL. Additionally, Mr. Gustavo Tapia, a Metallurgical and Process Consultant at GT Metallurgy, and Mr. Nicolás Fuster, a Geologist with significant experience, contributed to its creation. Their involvement underscores the professionalism and integrity that guide Serabi Gold's operational practices.
About the Palito Complex
The Palito Complex is strategically located within Brazil's Tapajós region, a hotspot for gold mining. It has been a cornerstone of Serabi Gold’s portfolio, contributing consistently to its annual production, which ranges between 30,000 and 40,000 ounces of gold. The company is ambitious, aiming to amplify production through its ongoing development projects, including the Coringa Gold project, which promises to double the output in the near future.
Commitment to Quality Control
Quality assurance is paramount at Serabi Gold. The company’s in-house laboratory at Palito is responsible for analyzing assay results, although these results are not without external verification. Serabi routinely conducts quality control by sending duplicate samples to accredited laboratories, ensuring that the data reflects accurate and dependable findings. This dual approach of internal and external validation serves to establish credibility and reliability in their reported figures.
Future Outlook and Exploration Success
In addition to the work at Palito, the company recently made a notable copper-gold porphyry discovery, highlighting its extensive exploration efforts. This exciting find expands Serabi’s portfolio and opens new avenues for exploration and resource extraction, indicating strong growth potential moving forward.
Contact Information for Inquiries
Serabi Gold remains accessible for inquiries and further information:
Michael Hodgson
Chief Executive
Email: contact@serabigold.com
Phone: +44 (0)20 7246 6830
Colm Howlin
Chief Financial Officer
Mobile: +353 89 6078171
Andrew Khov
Vice President, Investor Relations
Mobile: +1 647 885 4874
Frequently Asked Questions
What is the focus of Serabi Gold?
Serabi Gold primarily focuses on gold exploration and production in Brazil, particularly in the Tapajós region.
What does the recent Technical Report entail?
The report outlines updated mineral resource and reserve estimates for the Palito Complex, highlighting the company’s advancements and compliance with regulatory standards.
Who prepared the Technical Report?
NCL Ingeniería y Construcción SpA prepared the Technical Report, ensuring alignment with NI 43-101 standards for mineral disclosures.
How has the company validated its assay results?
Serabi Gold employs a combination of internal testing and third-party verification to validate assay results, maintaining high standards of quality control.
What are the company’s future production goals?
Serabi aims to double its production, leveraging the potential of both the Palito Complex and new exploration findings, such as the Coringa Gold project.
