Intersects Include 36.9 g/t Au Over 6.5m at Minera Don Nicolas
Cerrado Gold(TSXV: CERT) has intersected wide, high-grade gold from its first drill hole from its 12,000m exploration drill programme at the Baritina Target, at its Minera Don Nicolás Project located in Santa Cruz province, Argentina.
Co-Chairman and CEO, Mark Brennan, said the focus for the current 12,000m exploration programme is to delineate new, high grade, near surface mineralisation that can be brought into the production schedule in the near term.
Drill Hole Highlights:
PA-D21-42
- True thickness 17.00m grading 17.91g/t Au, starting from 56.00m, including true thickness 6.50m grading 36.94g/t Au, from 66.50m
“We are very pleased that our first exploration drill results have come back so strongly and believe this reinforces our long-held view of the highly prospective nature of the Minera Don Nicolas gold project,” Mr Brennan said.
“We look forward to continuing and expanding the exploration programme to increase the overall resource with improved grade and greater overall tonnes that will continue to add value at Minera Don Nicholas.”
The current exploration drill programme at the Minera Don Nicolás Project commenced at the Baritina target, within the Paula-Andrea Prospect. Hole PA-D21-42 is the first of nine holes totalling 1,068m completed at Baritina. The assay results for the remaining holes are pending and will be released over the coming weeks as they become available.
The drill rig has now moved 300 metres south and east onto the Chulengo Target, also a part of the Paula Andrea prospect, to test this highly prospective adjacent area, while awaiting additional assay results from Baritina. The current exploration drill programme is expected to test numerous near mine and brownfield targets over the course of the next few months and is on track for completion by the end of June 2021.
The 2021 exploration programme at Minera Don Nicolas is comprised of 12,000 metres of diamond drilling. This programme will consist mainly of step-out and downdip drilling to target extensions of gold mineralisation and a modest amount of infill drilling to upgrade resources. The primary areas of focus for the program will be to build on the numerous exploration targets that have been defined by limited historical drilling, such as the Esperanza and Paula Andrea (Baritina, Chulengo, Ariana, Carcol targets) Prospect and upgrade these to NI 43-101 compliant status.
Mr Brennan said that given that these targets are close to the current, high grade, La Paloma mining area they are high priority in order to potentially add new resources.
The current programme is in addition to RC drilling undertaken by the mine for infill and grade control to extend the current mining areas of La Paloma and Martinetas both along strike and at depth.
