Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) has confirmed the highest-grade gold intercept ever reported at its Minera Don Nicolas (MDN) project, Santa Cruz, Argentina.
Mark Brennan, CEO, and chairman, commented, “Exceptional results like this validate the teams view that MDN is still in the discovery stage, and like other projects in the Deseado Massif, we see substantial potential to grow resources at depth and unlock additional high-grade ounces as exploration continues. We are also pleased with the ongoing development of the various projects at MDN, as this supports our longer-term goal of unlocking the full potential at MDN.”
RC Hole PA_RC23-123 intercepted 109m of 12m at 122.2 g/t gold, including 3m at 429.1g/t from 109m. This intercept represents the highest metal content in the project’s exploration drilling results to date.
The hole was situated approximately 150m to the west of MDN’s operating Chulengo pit and was collared to target the extension of Chulengo’s first order controlling structure. This west/southwest trend follows intense hydrothermal alteration along a strike length of over 650m. The Chulengo pit is located on the eastern edge of the trend, and the Baritina pit is 200m north of the western edge of the trend. Cerrado plans to follow up with additional holes in the area.
Additionally, three other intercepts at 126m (2m at 2.9g/t Au), 132m (1m at 2.4g/t Au), and 142m (2m at 4.2g/t Au) are interpreted as high-grade cores along parallel structures.
The mineralogical features are indicative of the high-grade mineralization in Chulengo, providing the company with confidence in this new discovery zone.
Cerrado has mobilized a diamond rig to the target and will continue the drill programme at a shallower depth to outline the continuity zone.
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