Business
Cerrado Gold Reports Metalllurgical Test Results at Its Monte Do Carmo Gold Project in Brazil
Details from Metallurgical test works supports gold recoveries of 98.5% Toronto, Ontario--(...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Reports Metalllurgical Test Results at Its Monte Do Carmo Gold Project in BrazilDetails from Metallurgical test works supports gold recoveries of 98.5%Toronto, Ontario--(Newsfile Corp. - September 16, 2021) - CERRADO GOLD (TSXV: CERT) (OTCQX: CRDOF) (\"Cerrado\" or the \"Company\") is pleased to announce latest metallurgical test work results that outlines the processes and results for the metallurgical test work for process route definition and determination of process parameters for the Serra Alta deposit at its Monte Do Carmo project in Tocantins State Brasil. Results support an expected gold recovery rate of 98.5% as used in the PEA. The process reviewed the expected global gold recovery using gravity concentration followed by floatation and leaching of the gravity concentrate tailings. Mark Brennan, CEO of Cerrado Gold commented, \"We are extremely pleased to release further details of the metallurgical test results that support the robust results presented in the recent PEA for the Serra Alta deposit which showed an NPV5% of $617 MM at a gold price of $1,600/oz. The results further demonstrate the tremendous economic advantage offered by the mineral characteristics at the Serra Alta deposit. We will continue to explore Serra Alta and regional analogue deposits to determine the full potential of the Monte do Carmo gold district.\"The latest metallurgical test work results were part of Cerrado's recently released NI 43-101 Preliminary Economic Assessment (\"PEA\") based upon the recently expanded 43-101 resources defined at the Serra Alta deposit at its Monte do Carmo gold project in Tocantins State, Brazil (see press release dated August 23, 2021). The test work was completed by Testwork Process Development Ltda and was incorporated into the recent PEA completed by GE21 Consultoria Mineral Ltda (\"GE21\"). The full report is expected on our website www.cerradogold.com imminently. Test procedures incorporated four samples totaling 300 kilograms (kg), which were collected from drill holes representing the two main areas (East Zone, Pit South+ North Zone) plus a cut-off/low grade sample of all zones and a blend of the three previously mentioned. ICP assays of samples did not identify any metals that could potentially be cyanicides indicating a low cyanide consumption and lower residence time of the leach operation...