| Announcement Date: | 2022-08-08 |
|---|---|
| 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. 76.9m @ 2.50g/t Au from 112.53m |
| 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 the resources into Measured and Indicated categories to support the ongoing Feasibility Study. The 2022 development program is on track to deliver the Feasibility Study during Q1 2023. The Company is currently reporting assay results from 18 drill holes, totaling 3,809m (see Tables 1 & 2) completed from April to June 2022. As of August 2, 2022, a total of 117 drill holes, totaling 28,864 m, have been completed as part of the 2022 program. Total completed holes include 102 holes at Serra Alta (infill, condemnation, and partial extensions); and 15 holes in the satellite exploration areas namely, Gogó de Onça and Capitão. Drill Hole Highlights (All composites are reported as true thickness) The main objective of the 18 infill drill holes reported today is to convert inferred blocks within the current open pit constrained resource estimate (Micon, 2021) into the Indicated category, closing the distance between |
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