Announcement Date: 2022-09-26
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. 25.1m at 3.38g/t Au from 56.5m
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 additional assay results from its Gogó da Onca (“Gogó”) satellite exploration target, being drilled currently at the Company’s Monte do Carmo Project (“MDC”) located in Tocantins State, Brazil. Today the Company is reporting 10 drill holes (see Tables 1 & 2) exclusively from Gogó, a new satellite exploration target at MDC. As of September 1st, 2022, a total of 19 drill holes, totaling 4,050m have been completed at Gogó, with an additional 3 holes currently in progress. Assay results received to date outline a shallow mineralized North/Northwest corridor of approximately 250m in strike length, located less than 300m north of the Serra Alta PEA open pit. The Company is rapidly progressing an infill campaign to bring this potential satellite pit into the feasibility study, expected to be completed by 1Q 2023. Drilling at Gogó has outlined shallow mineralization for a strike length of 250 meters. Cerrado believes that the Gogó satellite deposit can provide additional resources to Serra Alt. The Company is currently completing an infill program that can bring these resources into an indicated category that will add relevant inventory to be included in the current Feasibility Study at Monte do Carmo.
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