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Cerrado Gold Reports 24.2 Metres at 2.4g/t Au, 9.3 Metres at 3.5g/t Au and 15.2 Metres at 1.8g/t Au from Its Phase 1 Drill Program at Its Monte Do Carmo Open Pit Gold Project in Brazil
Drilling continues to expand resources at its Serra Alta deposit with many areas above previou...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Reports 24.2 Metres at 2.4g/t Au, 9.3 Metres at 3.5g/t Au and 15.2 Metres at 1.8g/t Au from Its Phase 1 Drill Program at Its Monte Do Carmo Open Pit Gold Project in BrazilDrilling continues to expand resources at its Serra Alta deposit with many areas above previous resource gradeToronto, Ontario--(Newsfile Corp. - March 24, 2021) - Cerrado Gold Inc. (TSXV: CERT) (\"Cerrado\" or the \"Company\") is very pleased to announce assay results from a further six drill holes from its ongoing 17,000-metre Phase 1 definition drilling program at the Serra Alta deposit, at its Monte do Carmo (\"MDC\") gold Project located in Tocantins State, Brazil. The drill results highlighted in this release are from drill holes, FSA 100, FSA107, FSA108, and FSA110, FSA 112 and FSA 114. See press releases dated December 16, 2020 and February 24, 2021 for previous drill results released to date. Additional drill results will be announced as assays are made available over the coming months. Drill Hole Highlights (All Composites Reported as True Thickness):FSA1086.84m at 1.93g/t Au, from 167.61m FSA11024.16m at 2.45g/t Au, from 122.47mIncluding 9.54m at 5.22g/t Au from 130.25mAnd 6.83m at 5.56g/t Au from 197.62mAnd 7.26m at 5.57g/t Au from 249.92mFSA1129.31m at 3.50g/t Au, from 123.58mIncluding 4.73m at 5.98g/t Au from 128.16m.FSA11415.25m at 1.79g/t Au, from 69.50mIncluding 4.25m at 3.90g/t Au from 69.50m.Mark Brennan, CEO and Co-Chairman commented, \"The new results received from the current drill program at Serra Alta continue to add further confidence in our ability to significantly expand and potentially improve the overall grade of the existing resource at Serra Alta. The results from the Phase 1 drill program, which is expected to be completed imminently, are expected to achieve the Company's aggressive target to grow the resource to 1.5MM ounces. An updated 43-101 resource will be published shortly after all assay results have been received. We will start our Phase 2 drill program immediately upon completion of drilling the Phase 1 program, which is targeted to grow the resource base to between 2.0-2.5MM ounces by year end.\" The drill results reported in this press release were received up until March 19th, 2021 and represent complete results for FSA 100, FSA 107, FSA108, FSA 110, and partial results for FSA 112 and FSA114. The results...