- Cerrado Gold Inc. (CERT) released further assay results from its ongoing infill drill program at the Serra Alta deposit at its Monte do Carmo Project
- Results from 17 drill holes were released, totaling 3,600 metres completed from March to June 2022
- As of July 8th, 2022, a total of 117 drill holes, totaling 26,517 metres, have been completed as part of the 2022 program
- The 2022 development program is on track to deliver an updated Mineral Resource Estimate in Q3 2022 which will be used as part of the ongoing Feasibility Study to be completed in Q1 2023
- The project is located in Tocantins State, Brazil.
- Cerrado Gold (CERT) is trading steady at C$1.25 per share as of 10:00 am ET
Cerrado Gold (CERT) released further assay results from its ongoing infill drill program at the Serra Alta deposit at its Monte do Carmo Project.
Results from 17 drill holes were released, totaling 3,600 metres completed from March to June 2022.
As of July 8th, 2022, a total of 117 drill holes, totaling 26,517 metres, have been completed as part of the 2022 program.
The Company has seven drill rigs on site actively drilling and the 2022 development program is on track to deliver an updated Mineral Resource Estimate in Q3 2022 which will be used as part of the ongoing Feasibility Study to be completed in Q1 2023.
Notable results from the reported holes include:
- FSA-209: 40.7 metres at 1.86 g/t Au from 1.0 metre and 20.9 metres at 3.93 g/t Au from 123 metres
- FSA-221: 23.6 metres at 2.34 g/t Au from 0.1 of a metre
- FSA-233: 29.1 metres at 2.25 g/t Au from 140.0 metres
The infill drill program began in Q4 2021 with the aim to upgrade the bulk of the Inferred resources into the Measured and Indicated categories to support the ongoing Feasibility Study.
The project is located in Tocantins State, Brazil.
The company’s CEO and Co-Chairman, Mark Brenna 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.”
Cerrado Gold Inc. (CERT) is a Toronto based gold production, development and exploration company focused on gold projects in the Americas.
Cerrado Gold (CERT) is trading steady at C$1.25 per share as of 10:00 am ET.