Serabi Gold plc announced the results from its ongoing surface and underground exploration diamond drilling programme being undertaken on the Sao Chico orebody at its Palito Complex. Highlights: A 9,600 metre `step out' surface diamond drill programme commenced in early fourth quarter to test the east and west continuity of the Sao Chico orebody. In addition, an underground drilling services contractor is undertaking an 8,000 metre underground drilling programme to test the depth continuity; The drilling completed to date indicates payable strike continuity of mineralization for 200 metres to both the east and west of current mining limits: Key intercepts to the west include intersections grading 21.03 grammes per tonne ("g/t") and 15.39 g/t (holes 19-SCUD-219 and 248 respectively); Key intercepts to the east include intersections of 16.61 g/t and 27.35 g/t (holes 19-SC-143 and 142 respectively). Underground drilling also confirms extension of current Sao Chico ore-body for a further 100 metres below the lowest level of current development, level -48mRL, which is itself some 250 vertical metres below surface; Key intercepts at depth include intersections of 34.42 g/t and 114.49 g/t from holes 19-SCUD-284 and 19-SCUD-274 respectively. Drilling has also commenced on the geophysical anomalies that lie immediately to the west of the Sao Chico orebody. A 6,000 metre Reverse Circulation ("RC") drilling programme began in early December to test the anomalies first highlighted in a news release issued in 28 November 2018.