Cerrado Gold Reports
ADDITIONAL RESULTS FROM THE infill program AT the Serra Alta
Deposit at its Monte do Carmo Project in
Brazil
- Notable results in all three deposit zones (East
Zone, Pit Norte, and Pit Sul) include:
- FSA-246: 42m at 1.88 g/t Au from
145m;
- FSA-246: 18m at 7.21 g/t Au from
482m;
- FSA-264: 20m at 3.86 g/t Au from 102;
and
- FSA-266: 33m at 2.58 g/t Au from
57m;
TORONTO, ON / September 20, 2022 / InvestorsHub NewsWire
-- Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) ("Cerrado" or the
"Company") is pleased to announce additional assay results from its
ongoing infill drill program at the Serra Alta deposit at its Monte
do Carmo Project located in Tocantins State, Brazil ("MDC"). The
infill drill program commenced in Q4 2021 with the aim to upgrade
resources into the Measured and Indicated categories, target new
satellites, extensional zones, condemn areas of project
infrastructure and support the ongoing Feasibility Study. This
phase of drilling is expected to be completed early in Q4,
2022.
The Company is currently reporting assay results from 21 drill
holes, totaling 4,081 m (see Tables 1 & 2) completed from April
to July 2022. As of August 26, 2022, a total of 130 drill holes,
totaling 31,815m have been completed as part of the 2022 program,
including 109 holes at Serra Alta (infill, condemnation, and
partial extensions); and 21 holes in the satellite exploration
areas namely, Gogó de Onça and Capitao.
The Company currently has 5 drill rigs on site actively
drilling, with three rigs focused on infill and geotechnical
programs and two actively drilling at Gogó de Onça.
Drill Hole Highlights (All composites are reported as
true thickness):
Serra Alta
(Infill)
FSA-246
- 42m at 1.88 g/t Au from 145m
- Including 5m at 4.87 g/t Au from 168m
- 18m at 7.21 g/t Au from 482
- Including 4m at 21.43 g/t Au from 492m
FSA-254
- 15m at 3.71 g/t Au from 138m
- Including 2m at 25.68 g/t Au from 140m
FSA-264
- 20m at 3.86 g/t Au from 102m
- Including 3m at 14.07 g/t Au from 107m
- 9m at 7.24 g/t Au from 148m
- Including 1m at 55.30 g/t Au from 150m
FSA-271
- 28m at 2.13 g/t at 13.78 g/t Au from 44m
- 43m at 1.40 g/t Au from 114m
- Including 3m at 7.74 g/t Au from 119m
FSA-252
- 53m at 1.61 g/t Au from 75m
- Including 3m at 9.51 g/t Au from 92m
FSA-262
- 70m at 2.30 g/t Au from 41m
- Including 2m at 20.83 g/t Au from 90m
FSA-266
- 33m at 2.58 g/t Au from 57m
- Including 6m at 10.81 g/t Au from 63m
Mark Brennan, CEO and Co-Chairman commented "We are
nearing completion of the Infill drilling campaign at Serra Alta,
providing the resource base for the ongoing Feasibility expected to
be completed by the end of Q1 2023. As can be seen by the holes
reported today, the Serra Alta deposit at Monte do Carmo continues
to show itself as a well endowed gold deposit with plenty of
exploration potential."
Serra Alta Infill
The main objective of the 21 infill drill holes reported today
is to convert inferred blocks within and in close proximity, to the
current open pit constrained resource estimate (Micon, 2021) into
the Indicated category, closing the distance between holes
informing blocks in the model. Some of these holes were extended
beyond the current resource outline to test prospective extensional
areas. Holes reported today include, 11 collared in the East Zone,
3 in Pit Norte and 7 in Pit Sul (see Figure 1 for drill hole
locations, and Figure 2 for cross sections of highlighted
holes).
Drill holes FSA-246, FSA-254, FSA-258, FSA-260, FSA-261,
FSA-264, FSA-265, FSA-267, FSA-268, FSA-269 and FSA-271 were
collared in the East Zone. The best reported intercepts in the East
Zone correspond to holes FSA-246 and FSA-264 which were collared in
the central and southern segment of the approximate 400m of strike
that comprises the East Zone. Hole FSA-246 was drilled at a very
shallow angle (19 degree) to optimize the perpendicularity to the
quartz veins (single and as vein domain trend) and to efficiently
determine the continuity of these veins at a proximal level to the
hosting granite and its contact with the volcanic rocks (loci of
best lateral continuity of mineralization). Hole FSA-264, collared
in the southern segment of the east zone intercepted two
outstanding segments: a shallower one with 20m at 3.86 g/t Au from
102m, including 3m at 14.07 g/t Au from 107m; and a deeper one with
9m at 7.24 g/t Au from 148m, including 1m at 55.30 g/t Au from
150m.
Drill holes FSA-252, FSA-257, and FSA-263 were collared in Pit
Norte. Hole FSA-252, drilled in the northern segment of this zone
intercepted a laterally extensive continuous zone that in the
previous geological model (current resource) encompassed three
narrow discrete vein trends separated by barren granitic gaps. The
notable continuity points to the validity of possible "mushroom"
shapes in some areas, where mineralization blossoms towards the
granitic/volcanic contact. The continuous interval referred above
returned 53m at 1.61g/t Au from 75m, including 3m at 9.51 g/t Au
from 92m. Drill holes FSA-194, FSA-201, FSA-259, FSA-262, FSA-266,
FSA270 and FSA-271 were collared in Pit Sul covering the full 200m
strike length of this zone. Most relevant results are included in
hole FSA-262, collared in the middle of the zone which crossed 70m
at 2.30 g/t Au from 241 m, including 2m at 14.35 g/t Au from 45m.
Hole FSA-262 reaffirms the lateral continuity of shallow
mineralization in Pit Sul, which under the current PEA is to be
part of the early mining phases.
Figure 1. Reported and Ongoing Drill Hole Locations
Figure 2. Select Highlighted Cross Sections of Reported
Holes*
East Zone
Pit Norte
Pit Sud
Note: Scale vary by section
Table 2. Drill Hole locations
Zone |
Hole
number |
UTM East
m
|
UTM N
m
|
Elevation
m |
Depth
m |
Azimuth |
Dip |
East
Zone |
FSA-246 |
820544 |
8810447 |
555.1 |
589.2 |
103 |
-19 |
FSA-254 |
820568 |
8810372 |
552.1 |
230.6 |
137 |
-53 |
FSA-258 |
820592 |
8810276 |
566.9 |
170.3 |
133 |
-45 |
FSA-260 |
820602 |
8810301 |
578.8 |
185.5 |
130 |
-23 |
FSA-261 |
820488 |
8810413 |
537.3 |
218.4 |
110 |
-56 |
FSA-264 |
820592 |
8810279 |
567.1 |
231.0 |
106 |
-45 |
FSA-265 |
820521 |
8810186 |
479.3 |
85.9 |
102 |
-20 |
FSA-267 |
820507 |
8810244 |
508.4 |
134.9 |
125 |
-30 |
FSA-268 |
820800 |
8810485 |
658.5 |
550.1 |
98 |
-50 |
FSA-269 |
820518 |
8810186 |
479.3 |
87.0 |
127 |
-48 |
FSA-271 |
820601 |
8810326 |
579.5 |
220.6 |
126 |
-24 |
Pit
Norte |
FSA-252 |
820506 |
8810090 |
499.4 |
198.9 |
104 |
-43 |
FSA-257 |
820500 |
8810068 |
504.8 |
193.3 |
132 |
-55 |
FSA-263 |
820394 |
8810035 |
453.5 |
109.4 |
90 |
-31 |
Pit
Sul |
FSA-194 |
820283 |
8809633 |
452.7 |
178.2 |
101 |
-45 |
FSA-201 |
820329 |
8809687 |
482.7 |
180.6 |
98 |
-35 |
FSA-259 |
820312 |
8809602 |
466.1 |
145.5 |
89 |
-52 |
FSA-262 |
820335 |
8809631 |
472.7 |
125.2 |
96 |
-20 |
FSA-266 |
820304 |
8809574 |
470.3 |
120.7 |
97 |
-45 |
FSA-270 |
820325 |
8809662 |
478.7 |
55.1 |
141 |
-44 |
FSA-273 |
820326 |
8809686 |
481.9 |
70.2 |
135 |
-19 |
*Collar coordinates by GNSS TP-20 UTM Coordinates, Datum: SAD69
/ zone 22S.
*Azimuth Set by compass
*Dip and drill hole trajectory by DEVIFLEX Devico
Table 2. Drill Hole Composites - Infill Drilling
|
DDH
|
|
From
|
To
|
LENGTH (m)
|
True Width (m)
|
Au (g/t)
|
East Zone
|
FSA-246
|
and
|
53.70
|
62.10
|
8.40
|
8.34
|
1.29
|
FSA-246
|
and
|
79.44
|
85.75
|
6.31
|
6.26
|
0.86
|
FSA-246
|
and
|
144.75
|
187.15
|
42.40
|
42.09
|
1.88
|
FSA-246
|
includes
|
157.63
|
160.90
|
3.27
|
3.25
|
6.07
|
FSA-246
|
includes
|
168.06
|
173.31
|
5.25
|
5.21
|
4.87
|
FSA-246
|
and
|
200.05
|
201.09
|
1.04
|
1.03
|
0.59
|
FSA-246
|
and
|
214.61
|
215.66
|
1.05
|
1.04
|
0.37
|
FSA-246
|
and
|
216.70
|
217.75
|
1.05
|
1.04
|
0.41
|
FSA-246
|
and
|
229.49
|
230.50
|
1.01
|
1.00
|
0.44
|
FSA-246
|
and
|
278.10
|
279.10
|
1.00
|
0.99
|
0.88
|
FSA-246
|
and
|
296.00
|
297.00
|
1.00
|
0.99
|
0.38
|
FSA-246
|
and
|
312.30
|
313.43
|
1.13
|
1.12
|
0.41
|
FSA-246
|
and
|
343.27
|
346.46
|
3.19
|
3.17
|
0.63
|
FSA-246
|
and
|
351.67
|
353.76
|
2.09
|
2.07
|
2.35
|
FSA-246
|
and
|
374.71
|
375.82
|
1.11
|
1.10
|
0.36
|
FSA-246
|
and
|
379.00
|
380.00
|
1.00
|
0.99
|
0.40
|
FSA-246
|
and
|
402.35
|
404.22
|
1.87
|
1.86
|
19.72
|
FSA-246
|
and
|
448.70
|
451.80
|
3.10
|
3.08
|
0.83
|
FSA-246
|
and
|
463.95
|
469.38
|
5.43
|
5.39
|
1.17
|
FSA-246
|
and
|
481.58
|
499.70
|
18.12
|
17.99
|
7.21
|
FSA-246
|
includes
|
491.92
|
496.21
|
4.29
|
4.26
|
21.43
|
FSA-246
|
and
|
529.50
|
533.50
|
4.00
|
3.97
|
1.09
|
FSA-246
|
and
|
546.00
|
549.40
|
3.40
|
3.38
|
1.22
|
FSA-254
|
and
|
6.85
|
11.07
|
4.22
|
3.15
|
0.51
|
FSA-254
|
and
|
16.32
|
26.82
|
10.50
|
7.83
|
1.60
|
FSA-254
|
and
|
28.82
|
29.81
|
0.99
|
0.74
|
0.32
|
FSA-254
|
and
|
88.71
|
91.72
|
3.01
|
2.24
|
0.73
|
FSA-254
|
and
|
94.82
|
95.85
|
1.03
|
0.77
|
0.71
|
FSA-254
|
and
|
103.38
|
106.50
|
3.12
|
2.33
|
1.15
|
FSA-254
|
and
|
109.55
|
110.62
|
1.07
|
0.80
|
0.35
|
FSA-254
|
and
|
123.70
|
125.75
|
2.05
|
1.53
|
0.53
|
FSA-254
|
and
|
137.50
|
157.36
|
19.86
|
14.81
|
3.71
|
FSA-254
|
includes
|
139.65
|
141.75
|
2.10
|
1.57
|
25.68
|
FSA-254
|
includes
|
156.28
|
157.36
|
1.08
|
0.81
|
6.77
|
FSA-254
|
and
|
161.45
|
162.49
|
1.04
|
0.78
|
0.56
|
FSA-254
|
and
|
177.83
|
178.88
|
1.05
|
0.78
|
0.77
|
FSA-254
|
and
|
182.83
|
184.95
|
2.12
|
1.58
|
1.04
|
FSA-258
|
and
|
17.02
|
20.85
|
3.83
|
3.40
|
0.65
|
FSA-258
|
and
|
26.17
|
27.24
|
1.07
|
0.95
|
0.50
|
FSA-258
|
and
|
30.35
|
31.39
|
1.04
|
0.92
|
0.52
|
FSA-258
|
and
|
33.55
|
34.53
|
0.98
|
0.87
|
0.32
|
FSA-258
|
and
|
42.50
|
69.71
|
27.21
|
24.18
|
0.94
|
FSA-258
|
includes
|
42.50
|
45.42
|
2.92
|
2.59
|
2.43
|
FSA-258
|
includes
|
68.65
|
69.71
|
1.06
|
0.94
|
4.61
|
FSA-258
|
and
|
89.44
|
114.02
|
24.58
|
21.84
|
0.68
|
FSA-258
|
includes
|
93.60
|
95.75
|
2.15
|
1.91
|
2.01
|
FSA-258
|
and
|
119.37
|
120.47
|
1.10
|
0.98
|
0.78
|
FSA-258
|
and
|
123.45
|
124.49
|
1.04
|
0.92
|
0.37
|
FSA-258
|
and
|
136.26
|
139.46
|
3.20
|
2.84
|
1.10
|
FSA-258
|
and
|
145.75
|
155.13
|
9.38
|
8.33
|
5.71
|
FSA-258
|
includes
|
148.80
|
149.95
|
1.15
|
1.02
|
36.10
|
FSA-258
|
and
|
158.90
|
159.97
|
1.07
|
0.95
|
2.26
|
FSA-260
|
|
124.29
|
147.89
|
23.60
|
18.46
|
2.98
|
FSA-260
|
includes
|
127.47
|
128.47
|
1.00
|
0.78
|
5.07
|
FSA-260
|
includes
|
140.42
|
147.89
|
7.47
|
5.84
|
7.91
|
FSA-261
|
and
|
12.35
|
13.45
|
1.10
|
0.95
|
0.31
|
FSA-261
|
and
|
95.04
|
96.12
|
1.08
|
0.94
|
0.49
|
FSA-261
|
and
|
101.71
|
102.89
|
1.18
|
1.02
|
0.37
|
FSA-261
|
and
|
107.12
|
113.76
|
6.64
|
5.76
|
0.79
|
FSA-261
|
includes
|
111.47
|
112.52
|
1.05
|
0.91
|
3.87
|
FSA-261
|
and
|
128.16
|
130.29
|
2.13
|
1.85
|
0.62
|
FSA-264
|
and
|
29.57
|
45.70
|
16.13
|
15.83
|
1.78
|
FSA-264
|
includes
|
36.04
|
40.40
|
4.36
|
4.28
|
3.16
|
FSA-264
|
and
|
52.37
|
56.53
|
4.16
|
4.08
|
0.49
|
FSA-264
|
and
|
67.53
|
77.28
|
9.75
|
9.57
|
2.05
|
FSA-264
|
includes
|
72.85
|
73.91
|
1.06
|
1.04
|
14.25
|
FSA-264
|
and
|
94.41
|
95.43
|
1.02
|
1.00
|
0.91
|
FSA-264
|
and
|
101.90
|
121.90
|
20.00
|
19.62
|
3.86
|
FSA-264
|
includes
|
107.21
|
110.40
|
3.19
|
3.13
|
14.07
|
FSA-264
|
includes
|
118.77
|
119.83
|
1.06
|
1.04
|
14.65
|
FSA-264
|
and
|
127.23
|
128.29
|
1.06
|
1.04
|
0.33
|
FSA-264
|
and
|
129.29
|
130.38
|
1.09
|
1.07
|
0.35
|
FSA-264
|
and
|
133.49
|
134.56
|
1.07
|
1.05
|
0.32
|
FSA-264
|
and
|
147.92
|
157.18
|
9.26
|
9.09
|
7.24
|
FSA-264
|
includes
|
149.94
|
151.02
|
1.08
|
1.06
|
55.30
|
FSA-264
|
and
|
166.80
|
178.44
|
11.64
|
11.42
|
0.83
|
FSA-264
|
and
|
182.56
|
186.70
|
4.14
|
4.06
|
3.52
|
FSA-264
|
and
|
191.94
|
192.95
|
1.01
|
0.99
|
1.30
|
FSA-264
|
and
|
197.85
|
199.84
|
1.99
|
1.95
|
6.97
|
FSA-264
|
and
|
207.00
|
208.05
|
1.05
|
1.03
|
25.40
|
FSA-265
|
and
|
5.80
|
8.78
|
2.98
|
2.65
|
0.92
|
FSA-267
|
and
|
16.23
|
17.25
|
1.02
|
0.91
|
0.72
|
FSA-267
|
and
|
45.48
|
46.48
|
1.00
|
0.90
|
1.63
|
FSA-267
|
and
|
51.70
|
56.00
|
4.30
|
3.86
|
1.12
|
FSA-267
|
and
|
62.61
|
63.64
|
1.03
|
0.92
|
1.98
|
FSA-267
|
and
|
75.32
|
95.25
|
19.93
|
17.87
|
1.13
|
FSA-267
|
includes
|
88.17
|
91.64
|
3.47
|
3.11
|
3.23
|
FSA-267
|
and
|
99.50
|
104.75
|
5.25
|
4.71
|
1.22
|
FSA-267
|
and
|
109.00
|
112.40
|
3.40
|
3.05
|
0.60
|
FSA-268
|
and
|
358.42
|
359.46
|
1.04
|
0.89
|
1.73
|
FSA-268
|
and
|
400.31
|
407.00
|
6.69
|
5.73
|
1.20
|
FSA-268
|
and
|
427.83
|
431.05
|
3.22
|
2.76
|
0.36
|
FSA-268
|
and
|
461.15
|
463.58
|
2.43
|
2.08
|
0.91
|
FSA-268
|
and
|
489.16
|
490.26
|
1.10
|
0.94
|
0.46
|
FSA-269
|
and
|
1.97
|
3.67
|
1.70
|
1.62
|
1.39
|
FSA-269
|
and
|
10.00
|
11.20
|
1.20
|
1.14
|
0.41
|
FSA-269
|
and
|
46.09
|
47.20
|
1.11
|
1.06
|
0.50
|
FSA-271
|
and
|
43.00
|
81.32
|
38.32
|
28.25
|
2.13
|
FSA-271
|
includes
|
43.99
|
47.00
|
3.01
|
2.94
|
13.78
|
FSA-271
|
includes
|
57.60
|
59.51
|
1.91
|
1.86
|
5.19
|
FSA-271
|
includes
|
72.85
|
76.00
|
3.15
|
3.07
|
3.16
|
FSA-271
|
and
|
107.54
|
108.61
|
1.07
|
1.04
|
2.10
|
FSA-271
|
and
|
113.91
|
158.26
|
44.35
|
43.27
|
1.40
|
FSA-271
|
includes
|
119.13
|
122.28
|
3.15
|
3.07
|
7.74
|
FSA-271
|
includes
|
142.79
|
144.88
|
2.09
|
2.04
|
4.49
|
FSA-271
|
includes
|
155.04
|
157.13
|
2.09
|
2.04
|
3.50
|
FSA-271
|
and
|
164.34
|
166.90
|
2.56
|
2.50
|
0.78
|
FSA-271
|
and
|
171.00
|
171.80
|
0.80
|
0.78
|
0.31
|
FSA-271
|
and
|
182.65
|
183.70
|
1.05
|
1.02
|
0.45
|
FSA-271
|
and
|
184.70
|
185.60
|
0.90
|
0.88
|
0.40
|
Pit Norte
|
FSA-252
|
|
40.80
|
43.30
|
2.50
|
2.38
|
3.32
|
FSA-252
|
and
|
50.93
|
64.38
|
13.45
|
12.81
|
0.30
|
FSA-252
|
and
|
67.53
|
70.38
|
2.85
|
2.71
|
2.58
|
FSA-252
|
and
|
75.17
|
131.28
|
56.11
|
53.45
|
1.61
|
FSA-252
|
includes
|
81.54
|
86.93
|
5.39
|
5.13
|
1.97
|
FSA-252
|
includes
|
91.50
|
94.82
|
3.32
|
3.16
|
9.51
|
FSA-252
|
includes
|
113.89
|
116.10
|
2.21
|
2.11
|
8.24
|
FSA-252
|
includes
|
125.73
|
128.06
|
2.33
|
2.22
|
4.08
|
FSA-252
|
and
|
140.44
|
145.92
|
5.48
|
5.22
|
0.49
|
FSA-252
|
and
|
148.10
|
150.22
|
2.12
|
2.02
|
0.35
|
FSA-257
|
and
|
65.86
|
74.85
|
8.99
|
8.79
|
5.14
|
FSA-257
|
includes
|
69.31
|
70.24
|
0.93
|
0.91
|
22.00
|
FSA-257
|
includes
|
73.48
|
74.85
|
1.37
|
1.34
|
14.75
|
FSA-257
|
and
|
78.04
|
79.10
|
1.06
|
1.04
|
0.42
|
FSA-257
|
and
|
95.16
|
96.26
|
1.10
|
1.08
|
0.57
|
FSA-257
|
and
|
101.74
|
104.77
|
3.03
|
2.96
|
1.85
|
FSA-257
|
includes
|
101.74
|
102.84
|
1.10
|
1.08
|
4.74
|
FSA-257
|
and
|
109.87
|
110.99
|
1.12
|
1.09
|
0.81
|
FSA-257
|
and
|
146.45
|
152.62
|
6.17
|
6.03
|
0.37
|
FSA-263
|
and
|
3.77
|
5.36
|
1.59
|
1.57
|
0.47
|
FSA-263
|
and
|
9.98
|
27.91
|
17.93
|
17.70
|
0.41
|
FSA-263
|
and
|
77.59
|
78.71
|
1.12
|
1.11
|
0.33
|
FSA-263
|
and
|
91.28
|
92.37
|
1.09
|
1.08
|
0.38
|
FSA-263
|
and
|
99.41
|
100.43
|
1.02
|
1.01
|
1.04
|
Pit Sul |
FSA-194 |
and
|
10.54
|
22.18
|
11.64
|
11.13
|
2.58
|
FSA-194 |
includes
|
11.65
|
14.83
|
3.18
|
3.04
|
6.70
|
FSA-194 |
and
|
25.35
|
26.40
|
1.05
|
1.00
|
0.68
|
FSA-194 |
and
|
28.52
|
29.58
|
1.06
|
1.01
|
0.47
|
FSA-194 |
and
|
31.70
|
33.65
|
1.95
|
1.86
|
0.30
|
FSA-194 |
and
|
36.67
|
40.67
|
4.00
|
3.82
|
1.11
|
FSA-194 |
includes
|
39.67
|
40.67
|
1.00
|
0.96
|
3.03
|
FSA-194 |
and
|
64.96
|
88.65
|
23.69
|
22.65
|
0.66
|
FSA-194 |
includes
|
64.96
|
66.10
|
1.14
|
1.09
|
4.54
|
FSA-194 |
includes
|
83.55
|
84.60
|
1.05
|
1.00
|
5.17
|
FSA-201 |
and
|
16.05
|
17.09
|
1.04
|
0.98
|
0.61
|
FSA-201 |
and
|
19.09
|
20.09
|
1.00
|
0.94
|
0.54
|
FSA-201 |
and
|
23.20
|
24.25
|
1.05
|
0.99
|
1.68
|
FSA-201 |
and
|
32.07
|
37.10
|
5.03
|
4.72
|
0.57
|
FSA-201 |
and
|
41.07
|
57.98
|
16.91
|
15.87
|
0.46
|
FSA-201 |
includes
|
43.07
|
44.03
|
0.96
|
0.90
|
2.07
|
FSA-201 |
and
|
106.00
|
114.38
|
8.38
|
7.87
|
1.80
|
FSA-201 |
includes
|
109.90
|
112.14
|
2.24
|
2.10
|
5.54
|
FSA-201 |
and
|
123.15
|
124.17
|
1.02
|
0.96
|
0.78
|
FSA-201 |
and
|
167.98
|
170.04
|
2.06
|
1.93
|
0.55
|
FSA-259 |
and
|
1.13
|
39.18
|
38.05
|
36.12
|
1.00
|
FSA-259 |
includes
|
4.00
|
5.00
|
1.00
|
0.95
|
7.08
|
FSA-259 |
includes
|
10.00
|
11.04
|
1.04
|
0.99
|
12.55
|
FSA-259 |
includes
|
34.75
|
35.80
|
1.05
|
1.00
|
3.15
|
FSA-259 |
and
|
52.13
|
55.37
|
3.24
|
3.08
|
0.57
|
FSA-259 |
and
|
60.58
|
70.80
|
10.22
|
9.70
|
2.46
|
FSA-259 |
includes
|
60.58
|
61.60
|
1.02
|
0.97
|
7.52
|
FSA-259 |
includes
|
65.70
|
66.70
|
1.00
|
0.95
|
16.25
|
FSA-259 |
and
|
77.90
|
78.90
|
1.00
|
0.95
|
0.39
|
FSA-259 |
and
|
85.45
|
89.85
|
4.40
|
4.18
|
0.47
|
FSA-259 |
and
|
100.35
|
101.35
|
1.00
|
0.95
|
0.36
|
FSA-262 |
and
|
3.20
|
8.88
|
5.68
|
5.63
|
0.42
|
FSA-262 |
and
|
40.80
|
111.27
|
70.47
|
69.84
|
2.30
|
FSA-262 |
includes
|
45.15
|
47.45
|
2.30
|
2.28
|
14.35
|
FSA-262 |
includes
|
77.20
|
80.20
|
3.00
|
2.97
|
4.95
|
FSA-262 |
includes
|
90.10
|
92.16
|
2.06
|
2.04
|
20.83
|
FSA-262 |
includes
|
110.24
|
111.27
|
1.03
|
1.02
|
6.22
|
FSA-266 |
and
|
0.74
|
2.17
|
1.43
|
1.28
|
4.41
|
FSA-266 |
and
|
10.45
|
13.80
|
3.35
|
2.99
|
1.81
|
FSA-266 |
and
|
16.85
|
18.93
|
2.08
|
1.86
|
0.38
|
FSA-266 |
and
|
34.20
|
41.59
|
7.39
|
6.60
|
0.54
|
FSA-266 |
and
|
47.50
|
52.69
|
5.19
|
4.64
|
1.89
|
FSA-266 |
and
|
57.35
|
93.95
|
36.60
|
32.70
|
2.58
|
FSA-266 |
includes
|
63.16
|
69.39
|
6.23
|
5.57
|
10.81
|
FSA-266 |
includes
|
87.95
|
91.95
|
4.00
|
3.57
|
4.05
|
FSA-266 |
and
|
107.40
|
108.30
|
0.90
|
0.80
|
1.57
|
FSA-270 |
and
|
30.85
|
33.95
|
3.10
|
2.29
|
0.89
|
FSA-270 |
and
|
42.18
|
45.40
|
3.22
|
2.37
|
0.47
|
FSA-270 |
and
|
49.04
|
49.95
|
0.91
|
0.67
|
0.52
|
FSA-273 |
and
|
18.87
|
19.95
|
1.08
|
0.86
|
1.63
|
FSA-273 |
and
|
22.94
|
27.09
|
4.15
|
3.32
|
0.81
|
FSA-273 |
and
|
42.78
|
43.78
|
1.00
|
0.80
|
0.45
|
FSA-273 |
and
|
53.60
|
61.01
|
7.41
|
5.93
|
1.50
|
FSA-273 |
includes
|
53.60
|
54.64
|
1.04
|
0.83
|
9.44
|
FSA-273 |
and
|
67.00
|
69.06
|
2.06
|
1.65
|
1.23
|
The Company is also pleased to announce that it has granted an
aggregate of 1,987,500 incentive stock options to certain,
directors, officers and other eligible participants under its
amended and restated omnibus incentive plan. The options are
exercisable, subject to vesting provisions, over a period of five
years at a price of $1.10 per share. The Company has also granted a
total of 820,000 Deferred Share Units to non-executive directors
and 1,397,500 Restricted Share Units ("RSUs") to executives and
management. The RSUs are subject to vesting provisions.
Quality Assurance and Quality Control
Analytical work was carried out by ALS international lab (ALS).
MDC send half core samples for sample preparation to the lab. The
facilities of the prep lab are located in Goiânia, Brazil 835 km
from the MDC project and alternatively in Belo Horizonte, Brazil
1,110 Km from the MDC project. MDC sends out samples to ALS
international labs (ALS) with the prep lab located in Goiânia or
alternatively in Belo Horizonte. ALS lab sends the prepared
aliquots for analytical assay to their lab in Lima, Peru where the
prepared samples are systematically analyzed for gold (ppm) by fire
assay (Au-AA24) or gold (ppm) by metallic screen (Au-SCR24).
Randomly the ICP (Inductively coupled plasma mass spectrometry) is
done for trace elements in 4 acids (hydrofluoric, perchloric,
nitric and hydrochloric) digestion (ME-MS-61). ALS has routine
quality control procedures which ensure that every batch of samples
includes three sample repeats and at least two commercial standards
and two blanks. Cerrado uses standard QA/QC procedures, inserting
reference standards and blanks, for the drilling program. The
Reference material used are from CDN Resource Laboratories Ltd.,
ITAK (Instituto de Tecnologia August Kekulé Ltda. and OREAS).
Review of Technical Information
The scientific and technical information in this press release
has been reviewed and approved by Sergio Gelcich, P.Geo., Vice
President, Exploration for Cerrado Gold Inc., who is a Qualified
Person as defined in National Instrument 43-101.
Mark Brennan
CEO and Co Chairman
Tel: +1-647-796-0023
mbrennan@cerradogold.com
David Ball
Vice President, Corporate Development
Tel.: +1-647-796-0068
dball@cerradogold.com
About Cerrado
Cerrado is a Toronto based gold production, development and
exploration company focused on gold projects in the Americas. The
Company is the 100% owner of both the producing Minera Don Nicolás
mine in Santa Cruz province, Argentina, and the highly prospective
development project, Monte Do Carmo located in Tocantins State,
Brazil.
At Minera Don Nicolas, Cerrado is maximising asset value through
further operation optimization and continued production growth. An
extensive campaign of exploration is ongoing to further unlock
potential resources in our highly prospective land package.
At Monte Do Carmo, Cerrado is rapidly advancing the Serra Alta
deposit through Feasibility and production. The Serra Alta deposit
Indicated Resources of 541 kozs of contained gold and Inferred
Resources of 780 kozs of contained gold. The Preliminary Economic
Assessment demonstrates robust economics as well as the potential
to be one of the industry's lowest cost producers. Cerrado also
holds an extensive and highly prospective 82,542 ha land package at
Monte Do Carmo.
For more information about Cerrado please visit our website
at: www.cerradogold.com.
Disclaimer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
This press release contains statements that constitute
"forward-looking information" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation, all statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events
or performance (often but not always using phrases such as
"expects", or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans", "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words
and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking statements.
Forward-looking statements contained in this press release
include, without limitation, statements regarding the business and
operations of Cerrado. In making the forward- looking statements
contained in this press release, Cerrado has made certain
assumptions, including, but not limited to continuing progress of
the Feasibility Study and infill drilling at MDC. Although Cerrado
believes that the expectations reflected in forward-looking
statements are reasonable, it can give no assurance that the
expectations of any forward-looking statements will prove to be
correct. Known and unknown risks, uncertainties, and other factors
which may cause the actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include, but are not limited to general
business, economic, competitive, political and social
uncertainties. Accordingly, readers should not place undue reliance
on the forward-looking statements and information contained in this
press release. Except as required by law, Cerrado disclaims any
intention and assumes no obligation to update or revise any
forward-looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions,
changes in factors affecting such forward-looking statements or
otherwise.
SOURCE: Cerrado Gold Inc.
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