Introducing @CerradoGold $CERT.v The New Kid in #Mining

 

Cerrado Gold, an emerging mid tier Gold miner in Latin America, owns Minera Don Nicolas, located in Santa Cruz, Argentina, a newly producing high-grade gold mine with significant optimization, expansion, and exploration potential. 

In Brazil, the Company is focused on expanding the resource base at its prolific, high-grade Monte do Carmo gold project in Tocantins State.

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The company completed its Phase 1 Drill Program in Brazil

CERRADO GOLD (TSX.V:CERT) REPORTS SUCCESSFUL COMPLETION OF ITS PHASE I DRILL PROGRAM AT ITS MONTE DO CARMO PROJECT IN BRAZIL

Results of the Drill Program expected to support original target of 1.2 – 1.6 million ounces at the Serra Alta Deposit. 

New Mineral Resource Estimate targeted for late June and new Preliminary Economic Assessment for end of July. 

TORONTO, ONTARIO - Cerrado Gold Inc. ("Cerrado" or the "Company") is pleased to announce that is has completed its Phase I Drill program of exploration and infill definition drilling at the Serra Alta deposit, at its Monte do Carmo ("MDC") Project located in Tocantins State, Brazil. The final drill program saw 55 holes completed totaling 18,998 metres. The additional metres drilled, relative to the original targeted metres, were drilled to ensure Cerrado hit disclosed targets of upgrading and expanding the Company's maiden mineral resource estimate.

Drill Program Highlights:

55 Holes totaling 18,998 metres at Serra Alta

— 34 (62%) out of the 55 holes have intersected visible gold (VG)

— 16 holes with complete assays and have been reported.

— 8 holes have partial results, 2 of which have partial results reported, remainder 31 holes are pending results.

You can see an interactive tour of the Monte do Carmo property here: https://bit.ly/2QOntZi

Background:  

Cerrado Gold is a newly traded gold stock on the Toronto  (TSX) Venture Exchange. IPO was priced at CAD 1.35 but bad market conditions for gold shares drove the price down to CAD 0.93. However, this week the shares were trading above the IPO price gaining 37%.

The Serra Alta deposit is part of the Monte do Carmo project located in Tocantins State.

A Preliminary Economic Assessment (PEA) Study dated October 14, 2020, with an effective date of December 5, 2018, outlined an Inferred Resource totaling 813'000 ounces of gold contained within 13.6 Mio. tonnes grading 1.85 grams per tonne gold. The Serra Alta deposit is 1.5 km long, 400 m wide, and remains open along strike and at depth and represents only the first of 4 known additional targets.

Phase 2 drill program calls for a further 14'000 m drilling targeting further expansion at Serra Alta and drilling a number of the highly prospective regional targets that could add significant additional ounces in time. It could support management's view that the Monte Do Carmo property is indeed a new gold district.

See the whole release here: https://c0fa6392-d308-44dd-a6f0-35d71f381b56.filesusr.com/ugd/c9f131_972a2e58b8ff4585a8f0a50d344c7c3d.pdf

bit.ly/MasterMetals