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Cerrado Gold Introduces Gold Production Growth Strategy and Provides Update from Its 2021 Exploration Program at Its Minera Don Nicolás Gold Project in Argentina
Dual Stream Production Strategy to add lower grade stream to existing high-grade stream and ...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Introduces Gold Production Growth Strategy and Provides Update from Its 2021 Exploration Program at Its Minera Don Nicolás Gold Project in ArgentinaDual Stream Production Strategy to add lower grade stream to existing high-grade stream and expected to deliver production of approximately 70,000 ounces of gold (\"oz Au\") per annum by Q1 2023 and increase gold production capacity up to 90,000 oz Au by late 2023High grade material (cut-off grade of +1.6 grams per tonne gold; \"g/t Au\") to be processed through current CIL plant anticipated to deliver 40,000-50,000 oz Au per annumLower grade material (cut-off grade of +0.3 g/t Au) to be processed via planned heap leach operations at both Calandrias and Martinetas expected to add approximately 40,000 oz Au of annual production capacityUnderground Potential Paloma Area:Deep drilling to commence at the southern edge of the Sulfuro Vein where a high-grade subvertical shoot has been delineated by historical drilling approximately 125 metres (\"m\") below the current pit. Drilling in 2022 to target an additional 200m of down plunge extension.2021 drilling has outlined numerous lower and high-grade resource targets to support the growth strategySignificant tonnage of lower grade material that was previously treated as waste identified to be heap leached (cut-off 0.3 g/t Au)Toronto, Ontario--(Newsfile Corp. - February 9, 2022) - CERRADO GOLD (TSXV: CERT) (OTCQX: CRDOF) (\"Cerrado\" or the \"Company\") is pleased to provide an update to its development strategy for gold production growth and to provide the remaining results of its 2021 near mine exploration drill program (12,578 m) at its Minera Don Nicolás (\"MDN\") Project located in Santa Cruz province, Argentina.Following recent drilling and a thorough review of the current resources and mine plan at MDN, Cerrado has commenced development plans that should substantially add to the production profile at its MDN operations through a Dual Stream Production Strategy to more fully exploit the entire resource potential. The Dual Stream Production Strategy will focus on processing high-grade material (cut-off 1.6 g/t Au) through the existing CIL plant and the development of heap leach facilities for processing of lower grade material (cut-off 0.3 g/t Au) that is currently treated as waste or stockpiled for future use...