Business
Cerrado Gold Reports Additional Infill Drill Results From the Serra Alta Deposit at Its Monte Do Carmo Project in Brazil
Notable results include: FSA-276: 30m at 4.47 g/t Au from 143m; and 32m at 1.84 g/t Au ...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Reports Additional Infill Drill Results From the Serra Alta Deposit at Its Monte Do Carmo Project in BrazilNotable results include:FSA-276: 30m at 4.47 g/t Au from 143m;and 32m at 1.84 g/t Au from 88mFSA-304: 13m at 1.98 g/t Au from 125mFSA-298: 26m at 1.31 g/t Au from 428m; including 1m at 14.159 g/t Au from 450mTORONTO, ON / ACCESSWIRE / December 15, 2022 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") is pleased to announce additional assay results from its ongoing infill drill program at the Serra Alta deposit at its Monte do Carmo Project located in Tocantins State, Brazil (\"MDC\"). The infill drill program commenced in Q4 2021 with the aim to upgrade the bulk of the resources into the Measured and Indicated categories, target new satellites, extensional zones, condemn areas of project infrastructure and support the ongoing Feasibility Study. The infill program is expected to be completed by the end of December 2022 with the feasibility study targeted for completion in Q2/23.The Company is currently reporting assay results from 19 drill holes, totaling 5,554 m (see Tables 1 & 2) completed from September to November 2022. As of December 9th, 2022, a total of 194 drill holes, totaling 46,912m have been completed as part of the 2022 program, including 158 holes at Serra Alta (infill, condemnation, and partial extensions); and 36 holes in the satellite exploration areas namely, Gogó da Onça and Capitão.Drill Hole Highlights (All composites are reported as true thickness):Serra Alta (Infill)FSA-27630m at 4.47 g/t Au from 143mIncluding 13m at 9.04 g/t Au from 149m32m at 1.84 g/t Au from 88mIncluding 8m at 4.36 g/t Au from 108mFSA-30413m at 1.98 g/t Au from 125mIncluding 5m at 4.49 g/t Au from 129mFSA-3027m at 2.58 g/t Au from 183mIncluding 2m at 4.09 g/t Au from 183mFSA-29826m at 1.31 g/t Au from 428mIncluding 1m at 14.159 g/t Au from 450mMark Brennan, CEO and Co-Chairman commented \"We are pleased with the progress of the infill campaign and have identified several areas for potential extension of the Serra Alta deposit outside the previous pit dimensions (Pit Norte & East Pit) and through the addition of new mineralized areas (Gogo and E3). Drilling continues to support our expectations for upgrading the bulk of the Serra Alta deposit to backstop the feasibilit...