Cerrado Gold Inc. (TSX.V: CERT | OTCQX: CRDOF) has announced further assay results from its ongoing infill drill programme at the Serra Alta deposit at its Monte do Carmo Project located Brazil. The infill drill programme commenced in Q4 2021 with the aim to upgrade the bulk of the Inferred resources into the Measured and Indicated categories to support the company’s ongoing Feasibility Study.
The company’s 2022 development programme is on track to deliver an updated Mineral Resource Estimate in Q3 2022 which will be used as part of its ongoing Feasibility Study, which is to be completed in 1Q 2023. Cerrado Gold has reported assay results from 17 drill holes, totalling 3,600m completed from March to June 2022. The reported holes include both infill (16 holes) and condemnation drilling at Serra Alta. As of July 8, 2022, a total of 117 drill holes, totalling 26,517m, have been completed as part of the 2022 programme. Total completed holes include 103 holes at Serra Alta (infill, condemnation, and partial extensions); and 14 holes in the satellite exploration areas namely, Gogó de Onça and Capitao.
Infill drill results reported by Cerrado show strong grade and width reconciliation from the Inferred blocks within the current resource estimate at Serra Alta. The company has seven drill rigs on site actively drilling, with six rigs focused on infill and geotechnical programmes and a seventh actively drilling at the Gogó de Onça target.
Drill Hole Highlights (All composites are reported as true thickness): Serra Alta (Infill) FSA-209
- 40.7m at 1.86 g/t Au from 1.0m; ▪ including 2.2m at 13.11 g/t Au from 26.7m; and -2-
- 20.9m at 3.93 g/t Au from 123.2m ▪ including 6.2m at 7.76 g/t Au from 134.5m FSA-221
- 23.6m at 2.34 g/t Au from 0.1m ▪ including 4.7m at 7.70 g/t Au from 16.2m FSA-233
- 29.1m at 2.25 g/t Au from 140.0m ▪ including 1.5m at 17.25 g/t Au from 169.7m FSA-239
- 29.8m at 0.99 g/t Au from 113.1m
Mark Brennan, CEO and Co-Chairman commented “We are extremely pleased with the progress and results of the infill campaign to date as Serra Alta continues to deliver good grades and continuity. We look forward to providing an updated Resources estimate with a strong conversion rate in the coming months.”
For further information please visit: https://www.cerradogold.com/
