🕐21.12.10 - 08:27 Uhr

Serabi Mining plc (UK) - Drilling Programme at Palito Commences



Serabi Mining plc
     

Published: 08:00 CET 21-12-2010 /Thomson Reuters /Source: Serabi Mining plc /XLON: SRB /ISIN: GB00B074J639

Drilling Programme at Palito Commences


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.



MAP SHOWING DRILL TARGET LOCATIONS







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