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Cerrado Gold Files Installation License Application For Its Monte Do Carmo Project In Brazil
Application for License of Installation to Begin Construction TORONTO, ON / ACCESSWIRE / Sep...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Files Installation License Application For Its Monte Do Carmo Project In BrazilApplication for License of Installation to Begin ConstructionTORONTO, ON / ACCESSWIRE / September 12, 2023 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") announces that as of September 11th it has filed its License of Installation (\"LI\") application with the Instituto Natureza do Tocantins or NATURATINS, the state environmental regulatory authority for the development of the Serra Alta project at the Monte Do Carmo project.Subject to acceptance of the application, the Company anticipates it will be granted the Installation License approximately three months thereafter, which will allow for construction activities to begin.Concurrently the Company is progressing the Feasibility Study for Serra Alta which remains on schedule for completion by October 31, 2023 as previously announced in a press release dated July 24, 2023. Works to incorporate various opportunities are proceeding well and we expect the Feasibility to confirm the robust economics of the Serra Alta Deposit.Mark Brennan, CEO and Chairman commented \"We are pleased to be making steady progress in permitting at the Serra Alta project and expect the granting of the LI and the upcoming FS to continue to support our project financing discussions.\"About CerradoCerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The Company is the 100% owner of both the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina, and the highly prospective Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing it's 100% owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec.In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias Heap Leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff.In Brazil, Cerrado is rapidly advancing the Serra Alta deposit at its Monte Do Carmo Project, through feasibility and into producti...