Announcement Date: 2022-06-06
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Cerrado Gold Inc.
Project name: Monte do Carmo
Location: Brazil
Commodities: Gold
Highlight: Drilling results incl. 43.85m @ 3.94g/t Au from 301.24m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ONTARIO – Cerrado Gold Inc. [TSX.V: CERT][OTCQX:CRDOF] (“Cerrado” or the “Company”) is pleased to announce further assay results from its ongoing Infill drill program at the Serra Alta deposit at its Monte do Carmo Project located in Tocantins State, Brazil (“MDC”). The infill drill program commenced in Q4 2021 with the aim to upgrade existing Resources and to support the ongoing Feasibility study. The program is on track to deliver the updated Resources in Q3 2022 and the Feasibility study in 1Q 2023. The Company is reporting assay results from 10 drill holes (see Tables 1 & 2) 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 (“Gogo”), the initial drill campaign is demonstrating numerous similarities to the Serra Alta deposit. Visual inspection and logging of the five holes drilled to date has identified visible gold in four of five holes. The Company is working towards an outline of mineralization continuity and conceptual estimates of possible tonnage with additional drilling.
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