Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) has announced a discovery of a new mineralized zone, named E3, located approximately 150m to the east of the company’s previously outlined East Zone and new assay results from an ongoing infill/condemnation and extensional drill programme at its Serra Alta deposit at its Monte do Carmo Project located in Tocantins State, Brazil.
Mark Brennan, CEO and Co-Chairman commented “The new E3 mineralized zone is the second satellite discovery announced at Serra Alta this year as part of the infill drill programme. Serra Alta continues to show its strong mineral endowment and the successive satellite discoveries point to the wider exploration potential we see at Monte do Carmo.”
The drill programme commenced in Q4 2021 with the aim to upgrade the bulk of the project’s resources into measured and indicated categories, target new satellites, extensional zones, condemn areas of project infrastructure, and support an ongoing feasibility study.
This phase of drilling has been extended to Q4, to target several extensional zones such as “Gogó de Onça” to be incorporated into the feasibility study and further define the company’s newly discovered E3 zone.
Cerrado is currently reporting assay results from 31 drill holes, totalling 10,647m completed from June to September 2022. As of November 4, 2022, a total of 172 drill holes, totalling 42,068m have been completed as part of the 2022 programme, including 137 holes at Serra Alta and 35 holes in the satellite exploration areas.
The company currently has five drill rigs on site and plans to complete the current phase of drilling by Mid-December.
Drill hole highlights from Serra Alta infill drilling:
FSA-274:
9m at 10.89g/t Au from 88m, including 4m at 25.68 g/t Au from 90m
22m at 2.77g/t Au from 43m, including 2m at 10.19 g/t Au from 43m FSA-292
37m at 4.16g/t Au from 35m, including 7m at 15.46 g/t Au from 38m FSZ-008
13m at 5.53g/t Au from 333m, including 3m at 24.39 g/t Au from 343m
FSA-283:
48m at 2.01 g/t Au from 362m, including 7m at 7.38 g/t Au from 367m
FGO-014:
4m at 59.97g/t Au from 171
To find out more, please visit www.cerradogold.com
