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Cerrado Intercepts Bonanza Gold Grades Of 122.2 g/t Au Over 12 Meters at its Minera Don Nicolas Project
PA_RC23-123: 12m @ 122.2 g/t Au from 109m; including: 3m at 429.1 g/t Au from 109m Ap...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Intercepts Bonanza Gold Grades Of 122.2 g/t Au Over 12 Meters at its Minera Don Nicolas ProjectPA_RC23-123: 12m @ 122.2 g/t Au from 109m; including:3m at 429.1 g/t Au from 109mApplication for permits for Paloma Underground mine development initiated with filing of EIA and design works commencedCalandrias Norte Open Pit stripping underwayCalandrias Sur Heap Leach project ramp up continuesTORONTO, ON / ACCESSWIRE / September 11, 2023 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") is pleased to announce the highest grade intercept ever reported at its Minera Don Nicolas operation in Santa Cruz, Argentina (\"MDN\"). RC Hole PA_RC23-123 intercepted outstanding results from 109m of 12m (apparent width) at 122.2 g/t gold, including 3m at 429.1 g/t from 109m. This intercept ranks within the top best metal content (linear grade: m* Au g/t) in MDN's all-time exploration drilling results. Additionally, 3 other relevant intercepts at 126m (2m at 2.9 g/t Au), 132m (1m at 2.4 g/t Au) and 142m (2m at 4.2 g/t Au) are interpreted as high grade cores along parallel structures.Hole PA_RC23-123 (Figures 1. and 2.) was collared approximately 150m to the west of MDN's operating high grade Chulengo pit. The hole was collared to target the extension of Chulengo's first order controlling structure. This West/Southwest trend can be traced on surface following intense hydrothermal alteration along a strike length of over 650m. The Chulengo high grade pit is located on the eastern edge of the trend, and the Baritina high grade pit sits 200m north of the western edge of the trend. The Company is immediately following up with additional holes in the area.Mark Brennan, CEO and Chairman commented, \"Exceptional results like this validate the teams view that MDN is still in the discovery stage, and like other projects in the Deseado Massif, we see substantial potential to grow resources at depth and unlock additional high-grade ounces as exploration continues. We are also pleased with the ongoing development of the various projects at MDN, as this supports our longer-term goal of unlocking the full potential at MDN. \"Figure 1. Conceptual cross Section of hole PA-RC23-123Numbers in interpreted mineralized trends, correspond to relevant intercepts in Table 1.Figure 2. Plan View of Paula Andrea Block.The outstanding results...