Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) has announced additional assay results from its ongoing infill drill programme at the Serra Alta deposit, which is a part of the company’s Monte do Carmo Project, located in Tocantins State, Brazil.
Cerrado commenced the infill drill programme in Q4 2021 with the aim to upgrade the bulk of the resources into the measured and indicated categories, target new satellites, extensional zones, condemn areas of project infrastructure, and support the company’s ongoing feasibility study.
The infill programme is expected to be completed by the end of December 2022 with the feasibility study targeted for completion in Q2/23.
Cerrado is currently reporting assay results from 19 drill holes, totalling 5,554m, which were completed from September to November 2022.
As of 9 December 2022, a total of 194 drill holes, combining to 46,912m, have been completed as part of the 2022 programme, including 158 holes at Serra Alta (infill, condemnation, and partial extensions); and 36 holes in the satellite exploration areas namely, Gogó da Onça and Capitão.
Drill Hole Highlights (All composites are reported as true thickness):
Serra Alta (Infill)
FSA-276:
- 30m at 4.47g/t Au from 143m
- Including 13m at 9.04g/t Au from 149m
- 32m at 1.84g/t Au from 88m
- Including 8m at 4.36g/t Au from 108m
FSA-304:
- 13m at 1.98g/t Au from 125m
- Including 5m at 4.49g/t Au from 129m
FSA-302
- 7m at 2.58g/t Au from 183m
- Including 2m at 4.09g/t Au from 183m
FSA-298
- 26m at 1.31g/t Au from 428m
- Including 1m at 14.159g/t Au from 450m
Mark Brennan, CEO and co-chairman commented “We are pleased with the progress of the infill campaign and have identified several areas for potential extension of the Serra Alta deposit outside the previous pit dimensions (Pit Norte & East Pit) and through the addition of new mineralized areas (Gogo and E3). Drilling continues to support our expectations for upgrading the bulk of the Serra Alta deposit to backstop the feasibility which is expected to demonstrate the proposed project to be one of the world’s lowest costs gold producers. While the bulk of the drilling in 2022 was focused on upgrading the Serra Alta deposit, we continue to be encouraged with the wider exploration potential of the Monte Do Carmo Project and the potential to grow future resources.”
To find out more, please visit www.cerradogold.com
