Source: Cerrado Gold Inc.
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  • Cerrado Gold (CERT) released assay results from an infill drill program at the Serra Alta deposit at its Monte do Carmo Project in Brazil
  • The infill drill program began in Q4 2021 to upgrade the resources into measured and indicated categories to support the ongoing feasibility study
  • 117 drill holes totalling 28,864 metres, have been completed as part of the 2022 program, and the company is currently reporting assay results from 18 drill holes, totalling 3,809 metres
  • Cerrado Gold (CERT) is down 1.27 per cent, trading at C$1.55 per share as of 10:30 am ET

Cerrado Gold (CERT) released assay results from an infill drill program at the Serra Alta deposit at its Monte do Carmo Project.

The project is located in Tocantins State, Brazil.

The infill drill program began in Q4 2021 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 study during Q1 2023.

One hundred seventeen drill holes totalling 28,864 metres have been completed as part of the 2022 program, and the company is currently reporting assay results from 18 drill holes totalling 3,809 metres.

The company currently has five drill rigs on site actively drilling, with four rigs focused on infill and one actively drilling at Gogó de Onça.

Notable results from the three zones in the deposit (East Zone, Pit Norte, and Pit Sul):

  • FSA-241: 71 metres at 2.50 g/t Au from 113 metres
  • FSA-249: 25 metres at 3.23 g/t Au from 55 metres
  • FSA-223: 29 metres at 2.36 g/t Au from 186 metres
  • FSA-243: 32 metres at 2.60 g/t Au from 85 metres
  • FSA-251: 6 metres at 4.52 g/t Au from 29 metres
Reported and ongoing drill hole locations. Source: Cerrado Gold Inc.

The company’s CEO and Co-Chairman, Mark Brenna commented that as the team nears completion of the infill drilling campaign, they are now confident that they will deliver a solid upgraded resource at Serra Alta, which will provide a base for the ongoing Feasibility due to be completed during Q1 2023.

“In addition, the ongoing regional drilling and other exploration activities continues to highlight the strong potential to grow the total resources on the Monte do Carmo property.”

Cerrado Gold Inc. (CERT) is a Toronto-based gold production, development and exploration company focused on gold projects in the Americas.

Cerrado Gold (CERT) is down 1.27 per cent, trading at C$1.55 per share as of 10:35 am ET.


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