Serabi Gold exploration news a hit with investors

AIM-listed miner Serabi Gold (LON:SRB) has seen its share price rise by 5.34% to 92.70p (as of 13:30 GMT) after it provided an update regarding its exploration in Brazil. Management said that significant anomalies had been found in soil tests and first pass of drilling would take place in the coming months.

CEO Mike Hodgson commented: “These positive results from the regional programmes at Calico and Fofoca are very encouraging. After the interruptions to the exploration campaign of 2020 due to the pandemic, this year we are embarking on the most substantial exploration effort seen by Serabi to date. Whilst a key focus will be targeting resource growth at the existing Palito and Sao Chico orebodies, a significant part of the exploration programme is more regionally focussed whilst still within 20 kilometres of these producing orebodies. Both Calico and Fofoca fall into this category“.