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Cerrado Gold Reports Final Assays from Infill Drill Program at Its Monte Do Carmo Project in Brazil
Final assays received from Infill campaign; highlights include: FSA-290: 15m at 5.79 Au g/t fr...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Reports Final Assays from Infill Drill Program at Its Monte Do Carmo Project in BrazilFinal assays received from Infill campaign; highlights include:FSA-290: 15m at 5.79 Au g/t from 309m; andFSA-314: 17m at 2.87 g/t Au from 105m and 14m at 3.41 g/t Au from 130m2023 Exploration Campaign Underway - Initial exploration hole; FNE-01, intersects visible gold 500m northeast of known mineralization at Serra AltaTORONTO, ON / ACCESSWIRE / February 27, 2023 / Cerrado Gold Inc. [TSX.V:CERT][OTCQX:CRDOF] (\"Cerrado\" or the \"Company\") is pleased to announce the final assay results from the 2022 infill/extensional drill program completed earlier this year at the Serra Alta deposit at its Monte do Carmo Project located in Tocantins State, Brazil (\"MDC\").The 2022 drill program aimed to upgrade resources at the Serra Alta deposit into the Measured and Indicated categories, target new satellites & extensional zones, condemn areas of project infrastructure and support the ongoing Feasibility Study. The full drilling results are being incorporated into the geological model and will be integrated in the resource update to be completed with the Feasibility Study in 2Q 2023. The 2022 program consisted of 193 drill holes, totaling 48,842 m; including 157 holes at Serra Alta and 36 holes in satellite exploration areas.The Company is currently reporting assay results from 9 drill holes, totaling 2,882m (see Tables 1 & 2) completed in Q4 2022. Results reported today, complete the full program assays with the exception of two holes which are being re-assayed for QAQC purposes.Additionally, the company is pleased to report that the first exploration step out drillhole, FNE-01, of the 2023 exploration campaign has been completed with evidence of visible gold mineralization; assays are pending. The hole targeted a permissive structural zone located more than 500m to the northeast of the current resource outline. The area is believed to replicate the main elements controlling gold mineralization in the different sectors at Serra Alta.Drill Hole Highlights (All composites are reported as true thickness):FSA-29015m at 5.79 Au g/t from 309mIncluding 2m at 28.66 Au g/t from 310m33m at 1.35g/t Au from 363mIncluding 2m at 7.70 g/t Au from 367mFSA-31417m at 2.87 g/t Au from 105m14m at 3.41 g/t Au from 130mFSA-32325m at 1.60 g/t Au from 149m...