Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) has commenced loading ore onto the heap leaching pad at its inaugural heap leach project in Las Calandrias, Santa Cruz Province, Argentina. The company expects to commence leaching in the next 7-10 days, with the first gold pour in early June.
Mark Brennan, CEO and chairman commented, “With Las Calandrias now set to enter production, we are thrilled to be delivering on our growth strategy for Argentina, outlined in early 2022. We continue to expect further growth from the Martinetas heap leach Project as well as future underground development and exploration efforts which are anticipated to grow the resource base for both heap leach and CIL production.”
As previously announced, the Las Calandrias project is expected to add 25Kozpa of gold production capacity commencing in June of this year. Las Calandrias is the first of two heap leach projects that the company plans to initiate this year, to grow the overall gold production from Cerrado’s Argentinian operations. The second anticipated heap leach at Martinetas, is expected to be constructed later this year and production is anticipated in early 2024 adding an additional 20Koz of production capacity.
Additionally, production from the company’s two heap leach projects is expected to lower the total all-in-sustaining costs and strengthen cash flows by increasing ounces and reducing fixed costs produced per ounce in Argentina.
To find out more, please visit www.cerradogold.com
