Cerrado Gold (TSXV: CERT) has revealed additional results from its 2022/23 infill/extensional drill programme for the completion of its Feasibility Study for the Monte Do Carmo Project in Brazil. The study is expected by the end of May.
The company reports that the 2022/23 drill programme has successfully upgraded the bulk of the known resources into Measured and Indicated categories, targeted new extensional zones and condemned areas for project infrastructure in support of the ongoing Feasibility Study. The final hole as part of this programme was completed last week.
Results include hole FSA-308, which produced 11m at 5.39g/t Au from 3m, including 4m at 11.91g/t Au from 7m; and 39m at 1.46g/t Au from 101m, including 2m at 10.19g/t Au from 43m.
Mark Brennan, the company’s CEO and co-chairman, said that the infill programme at Serra Alta has been extremely successful in converting the majority of known resources for the pending feasibility study, as well as having identified several extensional zones, namely Gogo do Onca, E2 and the new and very promising Northeast zone.
The company is currently reporting assay results from 17 drill holes, totalling 4,913m completed from October to December 2022. As of 16 January 2022, a total of 193 drill holes, totalling 48,842m have been completed as part of the programme started in early 2022, including 157 holes at Serra Alta: and 36 holes in the satellite exploration areas.
Full assay results from the programme are expected to be completed in February.
Cerrado is now finalizing plans for the 2023 exploration programme which will be designed to test numerous targets along a 30km stretch of known mineralization within the Monte Do Carmo property.
“While work continues to focus on delivering the Feasibility Study,” said Mr Brennan, “we are very excited to be in the final stages of planning an aggressive new exploration programme for 2023 at Monte do Carmo.
“There are a substantial number of gold showings and targets on the property that have not yet been drill tested where we see the potential for future discoveries similar to Serra Alta. We remain convinced of the district scale potential at Monte Do Carmo.”
To find out more, visit: https://www.cerradogold.com/
