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LONDON - Serabi Gold plc (AIM:SRB, TSX: SBI, OTCQX: SRBIF), a gold production and exploration company, announced Monday the resignation of Carolina Margozzini as a non-executive director. Margozzini, who also represented Fratelli Investments Limited on the board, stepped down with immediate effect on April 21, 2025.
The company’s CEO, Michael Hodgson, expressed appreciation for Margozzini’s contributions, stating, "We thank Carolina for her service and insights to Serabi and we wish her continued success in all future endeavors."
Serabi Gold, headquartered in the United Kingdom (TADAWUL:4280) with a secondary office in Toronto, Canada, is focused on the Tapajós region in Para State, northern Brazil. The company has consistently produced between 30,000 to 40,000 ounces of gold annually from the Palito Complex and aims to double this figure with the upcoming Coringa Gold project. Additionally, Serabi has recently discovered a copper-gold porphyry on its exploration license.
The company’s announcement also noted that the information released is considered inside information under the Market Abuse Regulations (EU) No. 596/2014, as it is part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. The release was arranged by Andrew Khov, Vice President of Investor Relations & Business Development.
In terms of assay results, Serabi disclosed that their on-site laboratory at Palito has been closely monitored against independent laboratory analysis for quality control purposes. Over 10,000 exploration drill core samples have been assayed since mid-2019, showing a good correlation with certified external laboratories, despite an average over-estimation of 6.7% by the Palito laboratory for significant assays with grades exceeding 1 g/t gold.
The forward-looking statements included in the company’s announcement highlight the directors’ expectations and assumptions about Serabi’s future growth and performance but also acknowledge risks including economic conditions, competition, and regulatory changes that could cause actual results to differ materially.
This news article is based on a press release statement from Serabi Gold plc.
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