Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) has announced additional assay results from its Gogó da Onca satellite exploration target, being drilled currently at the company’s Monte do Carmo Project located in Tocantins State, Brazil.
Mark Brennan, CEO and Co-Chairman commented “While our current focus is on delivering infill drilling at the Serra Alta deposit to support the upgrading of resources for the ongoing feasibility study, we are pleased that the latest exploration results support our view for potential resource growth beyond the Serra Alta deposit at Monte do Carmo.”
The company has reported 10 drill holes exclusively from Gogó, a new satellite exploration target at MDC. As of September 1st, 2022, 19 drill holes, totalling 4,050m have been completed at Gogó, with an additional three holes currently in progress. Assay results received to date outline a shallow mineralized North/Northwest corridor of approximately 250m in strike length, located less than 300m north of the Serra Alta PEA open pit.
The company is rapidly progressing an infill campaign to bring this potential satellite pit into the feasibility study, expected to be completed by 1Q 2023. Drill highlights include:
FGO-004
- 25.1m at 3.38g/t Au from 56.5m
- including 6.5m at 6.20g/t Au from 57.9m
FGO-005
- 2.7m at 12.74g/t Au from 57.9m
FGO-008
- 12.5m at 3.39g/t Au from 119.0m
- including 5.0m at 5.93g/t Au from 121.3m
FGO-012
- 11.7m at 5.37g/t Au from 93.6m1 -2-
- including 3.1m at 13.78g/t Au from 97.0m
“These latest results confirm that Gogó has the potential to add near mine, near surface ounces to our Monte do Carmo project and potentially be incorporated into the ongoing Feasibility Study for Serra Alta.” Mr Brennan Added.
Drilling at Gogó has outlined shallow mineralization for a strike length of 250m. Cerrado believes that the Gogó satellite deposit can provide additional resources to Serra Alt. The company is currently completing an infill programme that can bring these resources into an indicated category that will add relevant inventory to be included in the current Feasibility Study at Monte do Carmo.
The company announced results of the discovery hole, FGO-001 (7.1m at 1.16 Aug/t from 50.7m and 20.4m at 0.78g/t Au from 96.2m) at Gogó on June 23, 2022. Results reported today confirm the continuity of the mineralization along a shallow North/Northwest corridor of extensional quartz veins hosted in equigranular granite in the proximity of the intrusive contact with felsic volcanics.
To find out more, please visit: https://www.cerradogold.com/
