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Cerrado Gold Issued Preliminary License for Its Monte Do Carmo Project, Brazil
Preliminary Licence ("LP") granted to Monte Do Carmo ("MDC") by Tocantins state environmental age...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Issued Preliminary License for Its Monte Do Carmo Project, BrazilPreliminary Licence (\"LP\") granted to Monte Do Carmo (\"MDC\") by Tocantins state environmental agencyFirst in three stage licence process to bring the MDC project into productionInstallation license expected within 90-120 daysTORONTO, ON / ACCESSWIRE / May 30, 2023 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") is pleased to announce that its Monte Do Carmo gold project has received the Preliminary License (\"LP\") from the Instituto Natureza do Tocantins (\"NATURATINS\") the state environmental regulatory authority, which has authority to grant state permits.The mine permitting process in Tocantins has three stages, the LP, the installation license (\"LI\"), and finally the license to operate (\"LO\"). The granting of the LP is an important milestone in the licensing process as it outlines all the basic parameters of the project to be accepted by all parties, including the local community and relevant regulatory bodies. The subsequent installation license allows for the commencement of construction activities for the project. The Company expects to receive the LI within the next 3 to 4 months. The final licence, the LO, is granted upon completion of construction and at commencement of operations.Mark Brennan, CEO and Chairman commented \"The award of the LP is a significant milestone for the MDC project and reflects the great work done by our Brazilian team and represents a significant endorsement from the community and regulators for the development of the project. As previously announced, discussions for Project Financing are ongoing, and we look forward to the completion of the FS in the coming weeks as we work to bring the Monte Do Carmo project into production. \"About Cerrado GoldCerrado 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 mine in Santa Cruz province, Argentina, and the highly prospective Monte Do Carmo development project, located in Tocantins State, Brazil.At Minera Don Nicolas, Cerrado is maximizing asset value through continued operational optimization and further production growth. An extensive campaign of exploration is ongoing to further unlock po...