Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) has announced the final assay results from its 2022 infill/extensional drill programme completed earlier this year at the Serra Alta deposit at its Monte do Carmo Project located in Tocantins State, Brazil.
The company’s 2022 drill programme aimed to upgrade resources at its Serra Alta deposit into the Measured and Indicated categories, target new satellites and extensional zones, condemn areas of project infrastructure, and support its ongoing feasibility study. The full drilling results are being incorporated into a geological model and will be integrated in a resource update to be completed with the feasibility study in 2Q 2023. The 2022 programme consisted of 193 drill holes, totalling 48,842m; including 157 holes at Serra Alta and 36 holes in satellite exploration areas.
The company is currently reporting assay results from nine drill holes, totalling 2,882m completed in Q4 2022. Results reported today, complete the full program assays except for two holes which are being re-assayed for QAQC purposes.
Additionally, the company has reported results for exploration step out drillhole, FNE-01, of Cerrado’s 2023 exploration campaign has been completed with evidence of visible gold mineralization; assays are pending. The hole targeted a permissive structural zone located more than 500m to the northeast of the current resource outline. The area is believed to replicate the main elements controlling gold mineralization in the different sectors at Serra Alta.
Drill Hole Highlights (All composites are reported as true thickness):
FSA-290
- 15m at 5.79g/t Au from 309m
- Including 2m at 28.66g/t Au from 310m
- 33m at 1.35g/t Au from 363m
- Including 2m at 7.70g/t Au from 367m
FSA-314
- 17m at 2.87g/t Au from 105m
- 14m at 3.41g/t Au from 130m
FSA-323
- 25m at 1.60g/t Au from 149m
- Including 2m at 9.91g/t Au from 149m
Mark Brennan, CEO and co-chairman commented “After a successful Infill drill campaign we are pleased to be back in exploration mode to target the greater resource potential we see on the larger Monte do Carmo property. As we are still in the Discovery Stage at Monte do Carmo, we are confident that the potential for additional Serra Alta style discoveries remains strong as we continue to explore the largely undrilled land package.”
To find out more, please visit www.cerradogold.com
