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Cerrado Gold Provides Update on Recent Operating Results and Further Details on the Proposed Heap Leach Project at Minera Don Nicolas, Argentina
Record production of 4,500 gold equivalent ounces in August Gold production between 4,000...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Provides Update on Recent Operating Results and Further Details on the Proposed Heap Leach Project at Minera Don Nicolas, ArgentinaRecord production of 4,500 gold equivalent ounces in AugustGold production between 4,000-4,500 GEO ozs per month expected for the remainder of the 2021Heap Leach program proposed to establish low and high grade processing streams for long term exploitation of all resources at Minera Don Nicolás Heap Leach Project designed to add approximately 20,000 ozs of gold annually from low grade resource Metallurgical tests completed at University of San Juan, Argentina suggest recoveries above 70% for oxide zones and higher than 50% for the mixed zonesInternal Preliminary Economic Assessment and full heap leach development plan expected by end of October, production targeted by end of Q2 2022Conference Call September 1, 2021: 11:00 AM Eastern Time (Details below) to Review Q2 results and ongoing development plans in Argentina and BrazilToronto, Ontario--(Newsfile Corp. - September 1, 2021) - CERRADO GOLD (TSXV: CERT) (OTCQX: CRDOF) (\"Cerrado\" or the \"Company\") is pleased to announce its recent strong operating results at Minera Don Nicolás (\"MDN\") highlighting the robust turnaround and outlook looking forward. Gold equivalent (GEO) production in August was approximately 4,500 ozs or an annual run rate of 54,000 ozs p.a. For the remainder of 2021 Cerrado anticipates monthly gold production to average between 4,000 to 4,500 GEO ozs. The strong performance is a result of significant ongoing enhancements to overall operations in terms of sustained milling rates of over 1,100 tpd and a steady improvement in ore grade feed due to improved grade control procedures. Cerrado continues to progress its ongoing Internal Preliminary Economic Assessment to develop a gold heap leach operation at its Minera Don Nicolás operation in Santa Cruz, Argentina. Over the longer term this will allow MDN to focus on processing higher grade material through the milling and CIL plant, while lower grade ores will be processed via heap leaching when suitable. The final study and development decision are expected by the end of October 2021 and initial production would be expected by the end of Q2 2022.Various development scenarios for the project are currently being evaluated in terms of scale and productio...