Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) will file its licence of installation (LI) application with the Instituto Natureza do Tocantins, the state environmental regulatory authority, around 10 August this year.
Mark Brennan, CEO, and chairman commented, “We are pleased to be making steady progress in permitting at the Serra Alta project and expect the granting of the LI to continue to support our ongoing development.”
The licence is for the development of the Serra Alta deposit at the Monte Do Carmo project. Subject to acceptance of the application, the company anticipates it will be granted the installation licence approximately three months thereafter, which will allow for construction activities to commence at the project.
Serra Alta is expected to be a high-margin and high-return project with significant exploration potential on an extensive and highly prospective 82,542ha land package.
Mr. Brennan continued, “Further, while we are disappointed with the delay in completing the FS, we believe it is a prudent step to ensure that the best value for shareholders is achieved by implementing the best potential design for the long-term development of the project.”
To find out more, please visit www.cerradogold.com
