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CORRECTION FROM SOURCE: Cerrado Gold Intercepts 41.7m at 2.51g/t Au, 10.8m at 2.83g/t Au, and 4.4m at 3.81g/t from Its Phase 2 District Drilling Program at Monte Do Carmo Project in Brazil
Current program targeting extension within Serra Alta deposit and other district targets in ...
About this update from Cerrado Gold Inc
[{"type":"text","content":"CORRECTION FROM SOURCE: Cerrado Gold Intercepts 41.7m at 2.51g/t Au, 10.8m at 2.83g/t Au, and 4.4m at 3.81g/t from Its Phase 2 District Drilling Program at Monte Do Carmo Project in BrazilCurrent program targeting extension within Serra Alta deposit and other district targets in Monte Do Carmo.Results include mineralized lateral step outs in the Eastern Sector of Serra Alta beyond the current extent of the high-grade domain.Drilling underway at the Capitao and Fartura regional satellite targets.ERRATUM: Some intercepts in the Title and in the Drill Hole Highlights released earlier today were inaccurate due to unintentional transcript errors. Toronto, Ontario--(Newsfile Corp. - July 14, 2021) - Cerrado Gold Inc. (TSXV: CERT) (\"Cerrado\" or the \"Company\") is pleased to announce further assay results from its Phase 2 drill program at the Serra Alta deposit at its Monte do Carmo Project located in Tocantins State, Brazil (\"MDC\"). Phase 2 started in late May targeting further extensional areas in Serra Alta and is also targeting adjacent satellite deposits aiming to better define the district potential. Phase 2 follows the successful completion of Phase 1 that focused on infill and extension drilling exclusively in the Serra Alta deposit, and which results are the basis for the resource update, expected for later this month. A new Preliminary Economic Assessment is expected to be completed in early August. The Company is reporting assay results from 9 drill holes (see tables 1 & 2), out of a total of 16 drill holes completed as of July 11 as part of Phase 2. Drill Hole Highlights (All composites are reported as true thickness): FSA-1504.43m at 3.81 g/t Au, from 346.40mFSA-1515.84m at 6.00 g/t Au, from 189.04mincluding 2.93m at 10.16 g/t Au from 191.0m10.77m at 2.83 g/t Au, from 205.60mFSA-1575.47m at 1.62 g/t Au, from 464.99mFSA-15941.65m at 2.51 g/t Au, from 69.75mincluding 11.33m at 6.86 g/t Au from 70.78mMark Brennan, CEO and Co-Chairman commented, \"We are pleased with the ongoing drill results supporting our overall hypothesis for the potential at Serra Alta and the greater district scale opportunity we see to materially grow the scale of the Monte Do Carmo resource base. He continued, \"We continue to await the updated resource estimate and Preliminary Economic Assessment for the Serra Alta deposit, which we ...