Cerrado Gold Inc. (TSXV: CERT) has received additional assay results from the current infill and exploration programme at the Serra Alta deposit, part of its Monte do Carmo project in Brazil.
As of 11 April 2022, the company has received results from 11 new holes totalling 3,042m (980m completed in 2021) of a planned 23,000m infill campaign at Serra Alta and 16 new holes totalling 7,142m from the exploration drill programme completed between December 2021 and March 2022.
Drill hole highlights (all composites are reported as true thickness):
Serra Alta (Infill)
FSA-170
- 5.19m at 6.68 g/t Au, from 52.80m
- Including 1.05m at 19.22 g/t Au from 52.80m
FSA-181
- 21.20 m at 2.99 g/t Au, from 47.64m
- Including 14.17m at 4.34 g/t Au from 54.67m
FSA-182
- 13.34m at 1.76 g/t Au, from 466.96m
- Including 4.27 m at 3.63 g/t Au from 466.96m
FSA-183
- 77.45m at 2.15 g/t Au, from 121.00m
- Including 2.03m at 22.06 g/t Au from 143.09m
FSA-185
- 29.62m at 1.99 g/t Au, from 62.40m
FSA-186
- 43.09m at 3.49 g/t Au, from 37.91m
- Including 6.34m at 17.23 g/t Au from 37.91m
FSA-187
- 18.72m at 2.08 g/t Au, from 140.40m
- Including 1.80m at 5.28 g/t Au from 149.00m
Baru (Satellite)
FBU-008
- 18.59m at 0.95 g/t Au, from 83.20m
- Including 2.05m at 2.98 g/t Au from 98.38m
The company’s CEO and co-chairman, Mark Brennan, said he was pleased with the ongoing drill results supporting the continuity and resource confidence at Serra Alta.
Cerrado Gold also reports that it has commenced initial exploration work on a new target located 450m north of Serra Alta named Gogó da Onça. The company says the new target shares many similarities with the Serra Alta deposit, including:
- Mid grain texture granite
- Granite/Felsic Volcanic contact (presumed Cupola, as developed in the East Zone)
- Outcropping quartz veins with sulphide stains
- Potassic alteration
- Presence of artisanal historic working (Garimpos)
“While still in the early stages, initial satellite target results continue to outline the greater district scale potential. Especially exciting is our new Gogó target where we see potential to increase the scale of the Monte Do Carmo resource base,” Mr Brennan said.
The company plans an initial 4-hole campaign to define the scope and scale of any potential mineralization. The first hole (FGO-001) is in progress and was collared along the main Serra Alta strike direction, at approximately 450m north of Serra Alta.
To find out more, please visit: https://www.cerradogold.com/
