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Cerrado Gold Receives Permits for the Las Calandrias Heap Leach Project in Argentina
First gold pour scheduled for end of May 2023 Primary resource recoveries confirmed; Life of...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Receives Permits for the Las Calandrias Heap Leach Project in ArgentinaFirst gold pour scheduled for end of May 2023Primary resource recoveries confirmed; Life of Mine extendedFeasibility study progressing extremely well at Monte do Carmo (Brazil) with completion targeted for May 2023; robust economics expected to follow strong PEATORONTO, ON / ACCESSWIRE / March 6, 2023 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") is pleased to provide an update on the progress of its development of the gold heap leach project at the Las Calandrias deposit in Santa Cruz, Argentina (\"MDN\").As of March 3rd, 2023 Cerrado has secured all the required environmental permits relating to the development and operation of the Las Calandrias heap leach project. Construction work remains ongoing with first ore expected to be stacked on the heap leach pad during April and first gold pour is scheduled before the end of May. Please see photographs below of construction activities to date.Additionally, metallurgical testing has confirmed gold recoveries with greater than 80% confidence from Oxide materials with at least 70% recovery, Transition ores have at least 50% confidence and the Primary ore has at least 36% recoveries. As a result, mine planning has been redesigned to add material from the primary ore zone which will expand resources for production and extend the mine life. The benefits of the higher grade in the Primary Zone will offset lower recoveries. This is in addition, to ongoing production from the CIL plant and the planned development of an underground operation at Paloma and a second heap leach operation at Martinetas later this year.As outlined in a press release dated October 18 2022, the heap leach operation is targeted as part of the strategic growth to increase aggregate production rates at Cerrado's Argentina operations to 90,000 oz per annum from the 2022 production rate of 53,672 oz at MDN with reductions in AISC. Production growth and cost reductions are planned from the development of two heap leach operations; firstly at Las Calandrias and secondly at the Martinetas area. MDN is also expected to develop high-grade underground Resources that are currently known and available by directly accessing the resources from the base of the existing high-grade pits such as at Paloma.Mark Brennan...