Cerrado Gold Inc. (TSX.V: CERT | OTCQX: CRDOF) has announced further assay results from its ongoing Infill drill program at its Serra Alta deposit located in Tocantins State, Brazil. The infill drill program commenced in Q4 2021 with the aim to upgrade existing resources and to support the company’s ongoing Feasibility study.
The program is on track to deliver an updated Resources in Q3 2022 and a Feasibility study in 1Q 2023. Cerrado Gold is reporting assay results from ten drill holes completed from February to April 2022. An additional 61 holes (including exploration holes) have been completed as of May 27th with assays pending. The infill results reported today show excellent grade and width reconciliation from the inferred blocks.
At Cerrado’s newest target, Gogó da Onça, the initial drill campaign is demonstrating numerous similarities to the company’s Serra Alta deposit. Visual inspection and logging of five holes drilled to date has identified visible gold in four of five holes. Cerrado Gold is working towards an outline of mineralization continuity and conceptual estimates of possible tonnage with additional drilling.
Mark Brennan, CEO and Co-Chairman commented “As we near completion of the Infill drill program at Serra Alta, we continue to expect good conversion of our Inferred Resources to the Measured and Indicated categories to support the upcoming Feasibility study. Additionally, preliminary results of the exploration program at Gogo show potential to add additional near-pit resources and grow the resource base in the near term.” As of May 27th, the Company has received and is reporting results from 10 new drill holes totalling 2,352m out of a planned 23,000m infill/Geotech/condemnation campaign. As of May 27th, assays have been received and reported for 17 holes over 4,417m and a total of 66 holes and 14,189m have been completed. The Company currently has 7 drill rigs on site actively drilling, with six rigs focused on infill and geotechnical programs and a seventh actively drilling the first holes at Gogo North.
For further information please visit: https://www.cerradogold.com/
