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Cerrado Gold Reports Strong Drill Results from the Serra Alta Deposit at Its Monte Do Carmo Project in Brazil: Hole FSA - 164 Returns 129.0 M at 1.68 g/t
Concurrent ongoing programs include exploration at satellite deposits and an infill drill pr...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Reports Strong Drill Results from the Serra Alta Deposit at Its Monte Do Carmo Project in Brazil: Hole FSA - 164 Returns 129.0 M at 1.68 g/tConcurrent ongoing programs include exploration at satellite deposits and an infill drill program within the Serra Alta deposit (subject of this press release)Infill drilling focused on shallow, early mining phase zones aimed to refine geometry of wide mineralized areasFSA-164 is the second-best hole received to date in terms of metal content (grade times thickness) drilled by Cerrado at the propertyToronto, Ontario--(Newsfile Corp. - December 14, 2021) - Cerrado Gold Inc. (TSXV: CERT) (OTCQX: CRDOF) (\"Cerrado\" or the \"Company\") is pleased to announce further assay results from its exploratory and infill drill program at the Serra Alta deposit at its Monte do Carmo Project (\"MDC\") located in Tocantins State, Brazil. The infill/exploratory phase started in Q2/2021 targeting further extensional areas to the known resource for the current Serra Alta deposit and specific infill zones within the current resource.Drill Hole Highlights by target area (all composites are reported as true thickness):FSA-164129.00 m at 1.68 g/t Au, from 15.00 mIncluding 2.03 m at 13.54 g/t Au from 26.02 mIncluding 11.06 m at 5.22 m g/t from 120.05 m FSA-158 4.89 m at 1.82 g/t Au, from 422.29 m FSA-160 17.70 m at 1.33 g/t Au, from 50.30 m; and 5.20 m at 7.29 g/t Au, from 81.27mIncluding 1.04 m at 34.11 g/t Au from 82.31 m FSA-1627.42 m at 1.47 g/t Au, from 71.73 mIncluding 1.03 m at 9.69 g/t Au from 71.73 m FSA-167 4.17 m at 1.63 g/t Au, from 33.54 mThe exploration and infill phase is a continuous and ongoing program initiated immediately after the completion of phase 1 drilling in Q2. That program was the basis of the updated resource update for Serra Alta, that currently includes 541,000 Oz's Au of Indicated resources and 780,000 Oz's Au of inferred resources; and the subsequent PEA (see Press Releases from August 4 and August 23, 2021). Drilling in H2 2021 has focused both on the Serra Alta Deposit (the focus of this press release and the reported results herein) and other satellite deposits, including Capitão, Bit 3, Baru, Fartura, Ferradura, Eldorado, Magalhaes and Sucuri where the presence of gold has been significantly confirmed in all targets and will be the subject of an upcoming p...