UK-based Serabi nears end of drill programme, updated MRE incoming for two Brazilian projects
Ahead of completing its 2026 brownfield exploration programme in October, Aim- and TSX-listed Serabi Gold says its latest high-grade drill results have demonstrated the potential to delineate a larger resource at the Palito Complex and Coringa projects, in Brazil.
Updated mineral resource estimates for both projects are expected during the first quarter of next year.
This year, the company has drilled 9 309 m in 42 diamond drill holes at Coringa, which targeted mineralisation to the north-west and south-east of the currently producing Serra and Meio zones. At Palito, the company has drilled 11 522 m over 37 drill holes, with a focus on increasing near-mine ounces at the Senna, G3, Barrichello, Massa and Piauí deposits.
The 2026 brownfield exploration programme marks the second year of the group's Phase 2 organic growth strategy to expand the total group mineral inventory to more than 1.5-million ounces.
For context, the 2025 brownfield exploration programme increased consolidated measured and indicated resources to 730 800 oz of contained gold.
Overall, the 2026 brownfield exploration programme should total 32 000 m across Palito and Coringa, with six drill rigs having been deployed across the two sites.
Results from the programme this year so far include 1.38 m of gold grading 11.85 g/t, 2.2 m of gold grading 5.89 g/t, 1.7 m of gold grading 16 g/t and 1 m of gold grading 10.1 g/t.
Serabi says results obtained to date have supported a number of new prospective models and reinterpretations.
"The exploration team is concentrating efforts on specific priority trends while ensuring continuous coverage of the main zones, enabling a more proactive stance while optimising resource allocation, reduction of rework, and improving overall operations efficiency," says CEO Mike Hodgson.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation


















