DPDH028 (53.5m @7.79% CuEq) and DPDH029 (157m @ 2.16%CuEq) are large step-outs from previously intercepted mineralization.
DPDH028 is deeper and to the west of all previous holes and is open in all directions.
Drilling to date has now encountered mineralization over a minimum north-south extent of just over 1km from DPDH025 in the north to DPDH029 in the south, a minimum vertical extent of just over 1km and a minimum east-west extent of also just over 1km.—That's a lot of Rock—and Copper! 🪨
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.
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
#Tianqi Lithium Corp. will pay $4.1 billion to buy Nutrien Ltd.'s 24 percent stake in Soc. Quimica & Minera de Chile SA, or SQM, in a deal that will entangle the biggest and fourth-biggest producers of the battery metal. The transaction could theoretically give Tianqi half of the board seats
The world doesn't like its essential commodities being controlled by a small group of producers.
…
So why is there so little noise about the emerging oligopoly in one of the hottest elements on the periodic table, lithium?
Tianqi Lithium Corp.will pay $4.1 billionto buy Nutrien Ltd.'s 24 percent stake in Soc. Quimica & Minera de Chile SA, or SQM, in a deal that will entangle the biggest and fourth-biggest producers of the battery metal. The transaction could theoretically give Tianqi half of the board seatsThe transaction could theoretically give Tianqi half of the board seats, though other major shareholders who've historically guarded their interests have opposed such a path.
Here's how the lithium carbonate market is structured at present: North Carolina-based Albemarle Corp. is the market leader, with an 18 percent share, followed by Jiangxi Ganfeng Lithium Co. on 17 percent; SQM on 14 percent; and Tianqi on 12 percent. Other players have the 39 percent or so that remains — the largest among them being FMC Corp., which is soon to offer its shares to whoever wants them in a planned initial public offering.
Read the article online here: Argentina’s ‘Chavez’ risks shale-fuelled economic miracle: Argentina may rank third in terms of global shale gas resources, but it also ranks alongside the world’s economic basket cases and increasingly Chavez-esque international pariahs
