- Cerrado Gold (CERT) has returned 7.8 g/t Au over 16 m, including 10.7 g/t Au over 11 m, at its Minera Don Nicolas Gold Project
- The results stem from a 12,000 m exploration program at the Baritina target
- Eight drill holes have intersected alteration zones associated with high level epithermal mineralization
- The company’s drill program seeks to delineate new, high grade, near surface mineralization for near-term production
- Cerrado Gold is a gold production and exploration company with projects in Brazil and Argentina
- Cerrado Gold (CERT) is down 13.39 per cent and is currently trading at C$0.97 per share
Cerrado Gold (CERT) has returned 7.8 g/t Au over 16 m, including 10.7 g/t Au at its Minera Don Nicolas Gold Project.
The results stem from a 12,000 m exploration program at Minera Don Nicolas’ Baritina target.
Cerrado’s drill program seeks to delineate new, high grade, near surface mineralization for near-term production. It consists mainly of step-out and downdip drilling to target gold mineralization extensions.
The company has completed 2,989 m of drilling as of March 24, 2021. This includes eight drill holes that intersected alteration zones associated with high level epithermal mineralization, including abundant silicification, clay alteration, hematite, jarosite and sulphides.
Drilling is currently underway at the Chulengo target 300 m to the Southeast. This program will test numerous near mine and brownfield targets over the next few months and is on track for completion by the end of June 2021.
Minera Don Nicolas is located 1,625 km southwest of Buenos Aires, Argentina in the Deseado Massif region of the province of Santa Cruz. The project is comprised of several exploration concessions totalling 333,400 ha.
Mark Brennan, Cerrado’s CEO and Co-Chairman, commented,
“We are pleased the ongoing drill program continues to define the Baritina target as a potential source of additional near surface, high grade material and fully expect the ongoing program to highlight the significant near surface potential that remains at Minera Don Nicolas to enhance the current open pit mine life.
Following the evaluation of these first-round assays, we expect to drill follow-up holes at Baritina. We look forward to continuing the exploration program to increase the overall resource with improved grade and greater overall tonnes that will continue to add value at Minera Don Nicolas.”
Cerrado Gold is a gold production and exploration company with projects in Brazil and Argentina.
Cerrado Gold (CERT) is down 13.39 per cent and is currently trading at C$0.97 per share as of 10:28 am ET.
