Serabi Gold Plc
In July 2013, Serabi completed the acquisition of Kenai Resources Ltd and in so doing acquired the Sao Chico gold project a small but high grade deposit located within 30 kilometres of Palito. The Company is developing Sao Chico as a satellite mining operation with ore being processed at the Palito gold recovery plant. Initial work in preparation for mine development at Sao Chico started early in 2014. The Company expects to start work on establishing the mine portal, towards the end of the third quarter of 2014.
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