The Tapajos region is reported to be the world’s third largest alluvial gold field and Serabi Gold has focused efforts on the area, which believes it to be a “major, under-explored” mineral province. Drilling on the Mogno and Ipe veins has confirmed depth extensions over 100 metres below the lowest mined level at the Palito.
Historical data shows that artisanal miners, called “garimpeiros,” have mined about 30 million ounces of gold mostly from alluvial and surface weathered bedrock deposits in the region since the 1970s. The announcement comes as Serabi announced results of recent exploration drilling at its Palito gold mine, located in the Tapajos region of the State of Para.
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