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Cerrado Gold Reports Strong Progress at Its Minera Don Nicolas Mine and Positive Advances at Its Monte Do Carmo Project
Both projects showing very positive advances in growth & development Minera Don Nicolos ...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Reports Strong Progress at Its Minera Don Nicolas Mine and Positive Advances at Its Monte Do Carmo ProjectBoth projects showing very positive advances in growth & developmentMinera Don Nicolos Gold Production of approx. 15,000 oz's for Q4/22Las Calandrias Heap Leach Construction started; first gold pour April 2023New low-cost underground opportunity pushes Monte Do Carmo Feasibility Study to Q2 2023Monte do Carmo still expected to be one of the lowest cost producers of goldTORONTO, ON / ACCESSWIRE / December 13, 2022 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") is pleased to provide an update on the Q4 operational results at the Minera Don Nicolas mine (\"MDN\"), progress with development of the initial heap leach pad at the Las Calandrias deposit and progress with the ongoing Feasibility Study work at its 100% owned Monte Do Carmo Project (\"MDC\") in Tocantins.Mark Brennan, CEO and Co-Chairman commented \"As we indicated earlier in the year, Q4 was expected to be a strong operating quarter for Minera Don Nicolas and we are pleased to report production is expected to be approximately 15,000 oz's with over 50,000 oz's produced for the full year, as per guidance. Of critical importance to MDN; we have developed a cohesive multi discipline strategy using open pit, heap leach and underground mining methods to grow operations and increase the life of mine. Once we see first pour of gold from the heap leach operations in April, MDN will be set for robust production and cash flow growth.\"He added, \"We have seen very good progress with the feasibility study at Serra Alta, and in light of positive results from the addition of Gogó and additional zones, we have elected to extend the infill drill program modestly at the Monte Do Carmo property to incorporate these new areas into the feasibility study. While this will result in a slight delay to the delivery of the final Feasibility Study, we continue to see very good advancement to support the robust economics that are expected from the Serra Alta deposit to potentially make it one of the lowest cost gold mines in the world. We view the Serra Alta deposit as the first of several targets that we plan to explore to fully exploit the potential we see at our highly prospective Monte Do Carmo property.\"Minera Don Nicolas UpdateAs previo...