- Cerrado Gold (CERT) has released the results of another 25 drill holes from its ongoing drill program at the Minera Don Nicolás Project
- The company has received assays for 11 holes from the Esperanza/Rocio area and 14 holes from the Chulengo target and adjacent area
- Future drilling will continue to test high priority targets on the property
- Cerrado Gold is a gold mining and development company, with an executive team that has a long history of success developing building projects in South America
- Cerrado Gold (CERT) is up 3.95 per cent, trading at $1.58 per share
Cerrado Gold (CERT) has released the results of another 25 drill holes from its ongoing drill program at the Minera Don Nicolás Project.
Minera Don Nicolás is located in the Santa Cruz province of Argentina, within the Deseado Massif region, covering over 300,000 hectares of land.
So far, the company has drilled just over 8,300 metres in its 12,000-metre exploration program, focusing on high-priority targets near the La Paloma area.
Cerrado’s goal is to define new, high-grade mineralized zones and confirm near-surface mineralization near the La Paloma and Martinetas pits.
The company has received assays for 11 holes from the Esperanza/Rocio area and 14 holes from the Chulengo target and adjacent area.
At the Esperanza vein, drilling intersected 22.42 g/t gold over 4.57 metres, indicating mineralization at shallow depths in the area.
Drilling at the Chulengo target area intersected grades up to 49.22 g/t gold over 2.25 metres, extending the drilling footprint and confirming the gold mineralization.
Mark Brennan, CEO and co-chairman of Cerrado Gold, commented on the results.
“Work to date continues to support our view that significant resource growth remains available on our extensive land package at Minera Don Nicolas,” he remarked. “In addition, these results continue to show the potential to quickly add additional high grade, shallow resources near existing infrastructure.”
“We fully expect the ongoing program to continue to add additional resources and open up new targets for the future,” he concluded.
Cerrado Gold is a gold mining and development company, with an executive team that has a long history of success developing building projects in South America.
Cerrado Gold (CERT) is up 3.95 per cent, trading at $1.58 per share as of 12:02 pm ET.