Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian-focused gold mining and development company, is pleased to provide an update on the 2026 brownfield exploration programme at Palito Complex and Coringa Mine.
asserted
plc → focus → Complex
The primary objective of the 2026 brownfield drill programme is to expand the Company’s known gold resources by targeting high probability near mine mineralization at Palito Complex (“Palito”) and Coringa Mine (“Coringa”) as part of Phase II of the Company’s organic growth strategy to expand the Group mineral inventory to 1.5Moz+.
asserted
objective → expand → 1.5Moz+
All validated results will be incorporated into updated Mineral Resource Estimates for Palito and Coringa, expected during Q1-2027.
EXPLORATION UPDATE HIGHLIGHTS
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asserted
results → validate → Q1
The Company is currently in the second year of its Phase II organic growth strategy to expand the total Group mineral inventory to +1.5Moz Au, with the programme expected to complete October 2026.
asserted
programme → expand → Au
- 2025 brownfield exploration programme increased consolidated Measured and Indicated (“M&I”) resources to 730,800 ounces of contained gold (2,485,800 tonnes @ 9.1 g/t Au) and consolidated inferred resources to 653,300 ounces (2,506,700 tonnes @ 8.1 g/t Au).
asserted
programme → increase → Au
- During H1-2026 20,831 metres of diamond drilling were completed, comprising 11,522 metres across 37 holes at Palito and 9,309 metres across 42 holes at Coringa.
-
asserted
metres → complete → Coringa
The Company is currently in the second year of its Phase II organic growth strategy to expand the total Group mineral inventory to +1.5Moz Au, with the programme expected to complete October 2026.
asserted
programme → expand → Au
- 2025 brownfield exploration programme increased consolidated Measured and Indicated (“M&I”) resources to 730,800 ounces of contained gold (2,485,800 tonnes @ 9.1 g/t Au) and consolidated inferred resources to 653,300 ounces (2,506,700 tonnes @ 8.1 g/t Au).
asserted
programme → increase → Au
- During H1-2026 20,831 metres of diamond drilling were completed, comprising 11,522 metres across 37 holes at Palito and 9,309 metres across 42 holes at Coringa.
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asserted
metres → complete → Coringa
The 2026 brownfield exploration programme totals 32,000 metres across Palito and Coringa, with six drill rigs currently operating across the two sites.
asserted
rigs → total → sites
- Recent results from the 2026 brownfield exploration programme continue to support resource growth potential including:
- 26-SR-055 – 1.38 m @ 11.85 g/t Au, including 0.42 m @ 37.10 g/t Au (Coringa Serra South)
- 26-SR-059 – 2.20 m @ 5.89 g/t Au, including 0.40 m @ 13.40 g/t Au, and 1.19 m @ 6.87 g/t Au, including 0.49 m @ 16.55 g/t Au (Coringa Serra South)
- 26-ME-013 – 1.70 m @ 16.13 g/t Au, including 0.45 m @ 35.59 g/t Au (Coringa Meio)
- 26-SR-062 – 1.00 m @ 6.85 g/t Au, including 0.25 m @ 25.80 g/t Au (Coringa Serra)
- 26-FC-005 – 1.00m @ 10.11 g/t Au, including 0.25m @ 40.30 g/t Au (Coringa Cabaça)
- 26-ME-006 – 1.50m @ 4.01 g/t Au (Coringa Encosta)
- 26-MS-001 - 1.12m @ 6.12 g/t Au, including 0.43m @ 15.20 g/t Au (Palito Massa)
-
asserted
results → continue → Au
The Company is currently in the second year of its Phase II organic growth strategy to expand the total Group mineral inventory to +1.5Moz Au, with the programme expected to complete October 2026.
asserted
programme → expand → Au
- 2025 brownfield exploration programme increased consolidated Measured and Indicated (“M&I”) resources to 730,800 ounces of contained gold (2,485,800 tonnes @ 9.1 g/t Au) and consolidated inferred resources to 653,300 ounces (2,506,700 tonnes @ 8.1 g/t Au).
asserted
programme → increase → Au
- During H1-2026 20,831 metres of diamond drilling were completed, comprising 11,522 metres across 37 holes at Palito and 9,309 metres across 42 holes at Coringa.
-
asserted
metres → complete → Coringa
The 2026 brownfield exploration programme totals 32,000 metres across Palito and Coringa, with six drill rigs currently operating across the two sites.
asserted
rigs → total → sites
- Recent results from the 2026 brownfield exploration programme continue to support resource growth potential including:
- 26-SR-055 – 1.38 m @ 11.85 g/t Au, including 0.42 m @ 37.10 g/t Au (Coringa Serra South)
- 26-SR-059 – 2.20 m @ 5.89 g/t Au, including 0.40 m @ 13.40 g/t Au, and 1.19 m @ 6.87 g/t Au, including 0.49 m @ 16.55 g/t Au (Coringa Serra South)
- 26-ME-013 – 1.70 m @ 16.13 g/t Au, including 0.45 m @ 35.59 g/t Au (Coringa Meio)
- 26-SR-062 – 1.00 m @ 6.85 g/t Au, including 0.25 m @ 25.80 g/t Au (Coringa Serra)
- 26-FC-005 – 1.00m @ 10.11 g/t Au, including 0.25m @ 40.30 g/t Au (Coringa Cabaça)
- 26-ME-006 – 1.50m @ 4.01 g/t Au (Coringa Encosta)
- 26-MS-001 - 1.12m @ 6.12 g/t Au, including 0.43m @ 15.20 g/t Au (Palito Massa)
-
asserted
results → continue → Au
The Company is currently in the second year of its Phase II organic growth strategy to expand the total Group mineral inventory to +1.5Moz Au, with the programme expected to complete October 2026.
asserted
programme → expand → Au
- 2025 brownfield exploration programme increased consolidated Measured and Indicated (“M&I”) resources to 730,800 ounces of contained gold (2,485,800 tonnes @ 9.1 g/t Au) and consolidated inferred resources to 653,300 ounces (2,506,700 tonnes @ 8.1 g/t Au).
asserted
programme → increase → Au
- During H1-2026 20,831 metres of diamond drilling were completed, comprising 11,522 metres across 37 holes at Palito and 9,309 metres across 42 holes at Coringa.
asserted
metres → complete → Coringa
- The 2026 brownfield exploration programme totals 32,000 metres across Palito and Coringa, with six drill rigs currently operating across the two sites.
asserted
rigs → total → sites
- Recent results from the 2026 brownfield exploration programme continue to support resource growth potential including:
- 26-SR-055 – 1.38 m @ 11.85 g/t Au, including 0.42 m @ 37.10 g/t Au (Coringa Serra South)
- 26-SR-059 – 2.20 m @ 5.89 g/t Au, including 0.40 m @ 13.40 g/t Au, and 1.19 m @ 6.87 g/t Au, including 0.49 m @ 16.55 g/t Au (Coringa Serra South)
- 26-ME-013 – 1.70 m @ 16.13 g/t Au, including 0.45 m @ 35.59 g/t Au (Coringa Meio)
- 26-SR-062 – 1.00 m @ 6.85 g/t Au, including 0.25 m @ 25.80 g/t Au (Coringa Serra)
- 26-FC-005 – 1.00m @ 10.11 g/t Au, including 0.25m @ 40.30 g/t Au (Coringa Cabaça)
- 26-ME-006 – 1.50m @ 4.01 g/t Au (Coringa Encosta)
- 26-MS-001 - 1.12m @ 6.12 g/t Au, including 0.43m @ 15.20 g/t Au (Palito Massa)
asserted
results → continue → Au
- Results obtained to date have supported a number of new prospective models and reinterpretations.
asserted
Results → obtain → models
The exploration team is concentrating efforts on specific priority trends while ensuring continuous coverage of the main zones, enabling a more proactive stance while optimizing resource allocation, reduction of rework, and improving overall operations efficiency.
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team → concentrate → efficiency
- Reinterpretation of the G1-G3 corridor at Palito identified new structural drill targets with drilling to follow in H2-2026.
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Reinterpretation → identify → H2
Mike Hodgson, CEO of Serabi, commented:
“Phase II of our organic growth strategy continues to yield success with the drill bit in the second year of our brownfield exploration drilling programme at Palito and Coringa.
asserted
Phase → comment → Palito
Today’s published high-grade drill results demonstrate the potential to delineate a larger resource at both Palito and Coringa to support production growth.
asserted
results → publish → growth
We expect to conclude the 2026 brownfield exploration programme in October 2026 with an updated mineral resource estimate for both Palito and Coringa targeted for Q1-2027, incorporating the drill results since our last update.
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We → expect → update
We look forward to continuing to unlock exploration value across our portfolio, where the 2025 brownfield exploration programme alone contributed to a significant increase in our total mineral inventory.
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programme → look → inventory
We will continue to leverage our proven exploration, permitting expertise, along with our well established in-country relationships to execute on our strategy of creating a premier gold growth company in Brazil.
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We → continue → Brazil
The 2026 brownfield exploration programme at Coringa has drilled 9,309 metres to date in 42 diamond drill holes primarily focused on drilling identified targets along trend to the northwest and southeast of the currently producing Serra and Meio zones.
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programme → drill → zones
Year-to-date results continue to demonstrate the significant growth potential of the district, with positive results generated from multiple target areas including Serra South, Serra, Meio and satellite targets such as Cabaça and Encosta.
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results → continue → Cabaça
Recent drill results continue to confirm the geological controls responsible for the Serra and Meio deposits extend beyond the currently defined resource areas.
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controls → continue → areas
The discovery of the Serra South zone in 2025, located approximately 500 metres southeast of the currently producing Serra zone, represents significant validation of the Company’s exploration model and demonstrates the potential for additional mineralized centres to occur along the broader, district-scale, structural corridor.
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centres → locate → corridor
Recent results include 1.38 m @ 11.85 g/t Au, including 0.42 m @ 37.10 g/t Au, in hole 26-SR-055 and 2.20 m @ 5.89 g/t Au, including 0.40 m @ 13.40 g/t Au, and a second interval of 1.19 m @ 6.87 g/t Au, including 0.49 m @ 16.55 g/t Au, in hole 26-SR-059, confirming continuity of the mineralised system along strike and at depth.
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results → include → depth
Ramp development of Serra South zone commenced in Q2-2026.
asserted
development → commence → Q2
Drill results from the Meio zone continue to demonstrate potential for resource growth immediately southeast and along trend of the current mining area.
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results → continue → area
Together with additional positive intersections from holes 26-ME-012, 26-ME-009, 26-ME-010 and 26-ME-007, these results define a mineralized corridor extending for more than 200 metres beyond the limits of the current underground development and highlight the potential for future resource additions and mine-life extension at the Meio zone.
asserted
results → define → zone
The shallow, high-grade intercept confirms the presence of significant gold mineralisation at this satellite target and further demonstrates the potential for additional mineralised centres outside the primary Serra and Meio zones.
asserted
intercept → confirm → zones
At Encosta, hole 26-ME-006 intersected 1.50 m @ 4.01 g/t Au from approximately 4 metres downhole.
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hole → intersect → Au
The result provides initial confirmation of a target defined by coincident soil-geochemical and induced-polarisation anomalies and supports an open strike opportunity extending for more than 300 metres.
asserted
result → provide → metres
…and 48 more, not listed.
The Aporia
