Business
Cerrado Gold Announces Discovery of New Mineralized Zone at the Serra Alta Deposit and Reports Additional Results from the Infill Program at Its Monte Do Carmo Project in Brazil
Discovery of new mineralized zone 150m east of the East zone at Serra Alta ("E3") Nota...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Announces Discovery of New Mineralized Zone at the Serra Alta Deposit and Reports Additional Results from the Infill Program at Its Monte Do Carmo Project in BrazilDiscovery of new mineralized zone 150m east of the East zone at Serra Alta (\"E3\")Notable results in new extensional areas (E3 and Gogo de Onça):FSA-283: 48m at 2.01 g/t Au from 362m; andFGO-014: 4m at 59.97g/t Au from 171mNotable results in all three deposit zones (East Zone, Pit Norte, and Pit Sul)FSA-274: 9m at 10.89 g/t Au from 88m; and22m at 2.77 g/t Au from 43m; including 2m at 10.19 g/t Au from 43mTORONTO, ON / ACCESSWIRE / November 21, 2022 / Cerrado Gold Inc. [TSX.V: CERT][OTCQX:CRDOF] (\"Cerrado\" or the \"Company\") is pleased to announce the discovery of a new mineralized zone, named E3, located approximately 150m to the east of the previously outlined East Zone at Serra Alta and new assay results from its ongoing infill/condemnation and extensional drill program at the Serra Alta deposit at its Monte do Carmo Project located in Tocantins State, Brazil (\"MDC\").The drill program commenced in Q4 2021 with the aim to upgrade the bulk of the resources into Measured and Indicated categories, target new satellites, extensional zones, condemn areas of project infrastructure and support the ongoing Feasibility Study. This phase of drilling has been extended to Q4, to target several extensional zones such as Gogó de Onça (\"Gogo\") to be incorporated into the feasibility study and further define the newly discovered E3 zone, reported for first time in this release.The Company is currently reporting assay results from 31 drill holes, totaling 10,647m (see Tables 1 & 2) completed from June to September 2022. As of November 4, 2022, a total of 172 drill holes, totaling 42,068m have been completed as part of the 2022 program, including 137 holes at Serra Alta; and 35 holes in the satellite exploration areas. The Company currently has 5 drill rigs on site and plans to complete the current phase of drilling by Mid-December.Drill Hole Highlights (All composites are reported as true thickness):Serra Alta (Infill)FSA-2749m at 10.89 g/t Au from 88mIncluding 4m at 25.68 g/t Au from 90m22m at 2.77 g/t Au from 43mIncluding 2m at 10.19 g/t Au from 43mFSA-29237m at 4.16g/t Au from 35mIncluding 7m at 15.46 g/t Au from 38mFSZ-00813m at 5.53g/t Au ...