Drilling Programme at Palito Commences

Drilling Programme at Palito Commences

ID: 49915

(Thomson Reuters ONE) -


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 Company's 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: contact(at)serabimining.com

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 company's website
www.serabimining.com.




MAP SHOWING DRILL TARGET LOCATIONS:
http://hugin.info/137617/R/1474362/410643.jpg




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Serabi Mining plc via Thomson Reuters ONE

[HUG#1474362]


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Bereitgestellt von Benutzer: hugin
Datum: 21.12.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 49915
Anzahl Zeichen: 2959

contact information:
Town:

London



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 370 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Drilling Programme at Palito Commences"
steht unter der journalistisch-redaktionellen Verantwortung von

Serabi Mining plc (Nachricht senden)

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