SERABI MINING plc
("Serabi" or "the Company")
DRILLING PROGRAMME AT PALITO COMMENCES
The Board of Serabi Mining plc, the AIM-listed gold exploration company, is pleased to advise that the proposed 7,500 metre discovery drilling programme over the previously announced nine target areas, has now commenced.
The Companys drilling contractor arrived on site on 18 December and drilling operations commenced on 20 December.
Mike Hodgson, Chief Executive, commented:
"We are very pleased that this programme is now underway. We believe that the drilling of the first target can be completed in early February and results will be released once assay results have been received from an independent laboratory. We plan to provide regular progress reports as work on individual targets is completed."
A map showing the drill target locations is attached to this release.
Enquiries:
Serabi Mining plc |
|
Michael Hodgson |
Tel: 020 7246 6830 |
Chief Executive |
Mobile: 07799 473621 |
|
|
Clive Line |
Tel: 020 7246 6830 |
Finance Director |
Mobile: 07710 151692 |
|
|
Email: |
|
Website: www.serabimining.com |
|
|
|
Beaumont Cornish Limited
Nominated Adviser |
|
Roland Cornish |
Tel: 020 7628 3396 |
Michael Cornish |
Tel: 020 7628 3396 |
|
|
Fraser Mackenzie Limited
Canadian Broker |
|
JC St-Amour |
Tel: +1 416 955 4777 |
|
|
Hybridan LLP
UK Broker |
|
Claire Noyce |
Tel: 020 7947 4350 |
|
|
Farm Street Communications
Public Relations |
|
Simon Robinson |
07593 340107 |
Copies of this release are available from the companys website www.serabimining.com.