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RETRANSMISSION: Cerrado Gold Reports True Thickness of 42 Metres at 1.82 g/t Au and 14 Metres at 5.98 g/t Au and 2 Metres at 37.85 g/t Au from Its Ongoing Phase I Drill Program at Its Monte Do Carmo Project in Brazil
Current drill results continue to expand Serra Alta resource by intersecting strong va...
About this update from Cerrado Gold Inc
[{"type":"text","content":"RETRANSMISSION: Cerrado Gold Reports True Thickness of 42 Metres at 1.82 g/t Au and 14 Metres at 5.98 g/t Au and 2 Metres at 37.85 g/t Au from Its Ongoing Phase I Drill Program at Its Monte Do Carmo Project in BrazilCurrent drill results continue to expand Serra Alta resource by intersecting strong values with significant visible gold over broad zones of mineralization.Cerrado to start trading Thursday February 25th on TSX Venture Exchange: Symbol: (TSXV: CERT)Toronto, Ontario--(Newsfile Corp. - February 25, 2021) - Cerrado Gold Inc. (TSXV: CERT) (\"Cerrado\" or the \"Company\") is very pleased to announce additional drill results from a further six drill holes from its ongoing 17,000-metre definition drilling program at the Serra Alta deposit, at its Monte do Carmo (\"MDC\") Project located in Tocantins State, Brazil. The drill results highlighted in this release are from drill holes: FSA 99, FSA101, FSA102, FSA104, FSA 105 and FSA 106. Additional drill results will be announced as assays are made available over the next few months.Drill Hole Highlights:FSA102True thickness 41.96 metres at 1.82g/t Au, from 114.30m to 161.60mincluding true thickness 11.44 metres at 4.86g/t Au, from 129.70m to 142.60m, FSA105True thickness 6.30 metres at 3.09g Au/t, from 37.60 to 43.90mFSA106True thickness 14.15 metres at 5.98g/t Au, from 103.85m to 118.00mincluding true thickness 2.00 metres at 37.85g/t Au, from 116.00m to 118.00mMark Brennan, Co-Chairman and CEO commented: \"Based upon the exceptional mineralization intersected to date, we remain highly confident that the drill program continues to support our objective of expanding and upgrading the known resource at Serra Alta. We expect the results from this Phase 1 drill program should support the Company's target to grow the resource at Serra Alta to our 1.5MM ounce target by the end of March 2021. A Phase 2 drill program is expected to commence immediately following this program in April and is targeted to grow the resource base to between 2.0-2.5MM oz by year end. \" He continued, \"In addition, ongoing regional surface mapping and other work continues to develop additional targets within the same geological environment to expand the overall resource potential on the greater Monte Do Carmo property. We plan to drill a good number of these regional targets in the Phase 2 program, whi...