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Cerrado Gold Provides Update for Ongoing Infill and Exploration Drill Programs and Reports First Results for Its New Extensional Gogo Da Onca Target at Its Monte Do Carmo Project, Brazil
Continued positive results from infill drill program at the Serra Alta deposit Notable re...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Provides Update for Ongoing Infill and Exploration Drill Programs and Reports First Results for Its New Extensional Gogo Da Onca Target at Its Monte Do Carmo Project, BrazilContinued positive results from infill drill program at the Serra Alta depositNotable results include:FSA-184: 65.7m at 1.71 g/t Au from 142.2m; FSA-214: 15.5m at 6.38 g/t Au from 45.0m; andFSA-215: 82.6m at 1.48 g/t Au from 86.5m.Gogó da Onça discovery hole results reveal initial shallow economic interval Toronto, Ontario--(Newsfile Corp. - June 23, 2022) - Cerrado Gold Inc. (TSXV: CERT) (OTCQX: CRDOF) (\"Cerrado\" or the \"Company\") is pleased to announce further assay results from its ongoing Infill drill program at the Serra Alta deposit and from additional exploration targets outside the current resource base at its Monte do Carmo Project located in Tocantins State, Brazil (\"MDC\"). The infill drill program commenced in Q4 2021 with the objective to upgrade existing Resources and to support the ongoing feasibility study. The 2022 development program is on track to deliver an updated Resource in Q3 2022 and a Feasibility study in 1Q 2023. In parallel, Cerrado continues to drill district targets, including the newly discovered Gogó da Onça (\"Gogo\") area.The Company is currently reporting assay results from 19 drill holes (see Tables 1 & 2) completed from February to May 2022 including 15 infill holes and one condemnation drill hole at Serra Alta, and 3 additional exploratory drill holes. As of June 17, 2022 a total of 89 drill holes, totaling 21,460 metres (\"m\"), have been completed as part of the 2022 program: 78 holes at Serra Alta (infill + condemnation and partial extensions); 6 holes at Gogó da Onça (Exploration); 4 holes at Capitão (Exploration) and 1 hole at Eldorado (Condemnation). Infill drill results reported today show excellent grade and width reconciliation from the inferred blocks in the current Resource estimate at Serra Alta. The Company is also pleased to report assay results of the discovery hole at Gogo.The Company currently has 7 rigs on site actively drilling, with six rigs focused on infill and geotechnical programs and a seventh actively drilling the initial holes at Gogo. Drill Hole Highlights (All composites are reported as true thickness):Serra Alta (Infill)FSA-184 65.7m at...