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Cerrado Gold Intercepts 23.5m at 3.4g/t Au, 4.2m at 17.2g/t Au and 18.8m at 3.4g/t Au from Final Assay Results from Its Phase 1 Drilling Program at Monte Do Carmo Project in Brazil
Multiple high-grade gold intercepted in all final holes. Assays continue to interse...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Intercepts 23.5m at 3.4g/t Au, 4.2m at 17.2g/t Au and 18.8m at 3.4g/t Au from Final Assay Results from Its Phase 1 Drilling Program at Monte Do Carmo Project in Brazil Multiple high-grade gold intercepted in all final holes.Assays continue to intersect strong values with significant visible gold over broad zones of mineralization.First hole results from Phase 2 released with intercept of 8.28 m at 3.40 g/t Au.Toronto, Ontario--(Newsfile Corp. - June 14, 2021) - Cerrado Gold Inc. (TSXV: CERT) (\"Cerrado\" or the \"Company\") is very pleased to announce the final assay results from its Phase 1 drill program at the Serra Alta deposit at its Monte do Carmo (\"MDC\") Project located in Tocantins State, Brazil. The Company is reporting the last 7 drill holes, out of a total of 55 drill holes completed in the Phase 1 program and is also reporting the first drill hole result from its recently commenced Phase 2 drill program. The drill results highlighted in this release are from diamond drill holes, FSA-120, FSA-123, FSA-129, FSA-131, FSA-140, FSA-146, FSA-147 (phase 1) and FSA-148 (Phase 2).Drill Hole Highlights (All composites are reported as true thickness): FSA-131 15.54 m at 2.39 g/t Au, from 135.21 mIncluding 2 m at 11.49 g/t Au from 139.78 m4.96 m at 11.73 g/t Au from 176.96 m Including 1.96 m at 26.73 m from 179.07 m23.46 m at 3.38 g/t Au from 398.51 m FSA-14022.62m at 3.71 g/t Au, from 332.58 m4.23m at 17.22 g/t Au, from 349.87 mFSA-14618.80 m at 3.45/t Au, from 91.60 mincluding 1.06m at 23.69g/t Au from 96.83 mand 4.13 m at 7.05g/t Au from 101.21 mFSA-1488.28 m at 3.40 g/t Au, from 71.00 mMark Brennan, CEO and Co-Chairman, commented \"The ongoing results from our drill program continues to support our positive outlook for the Serra Alta deposit. With all the assays delivered from Phase 1, we will now work to update the Mineral Resource Estimate which in turn, will be used to develop a new Preliminary Economic Assessment using an expected expanded resource at Serra Alta. We are also excited to have commenced the Phase 2 program which will not only further define the Serra Alta deposit but will also begin to drill some of the regional targets which we believe will demonstrate the large regional potential of the Monte Do Carmo district.\"The current drill holes intersected broad zones of hydrothermal alteration ...