Serra Alta

EQS-News: Cerrado Gold Inc.: Cerrado Gold Confirms over 250 Metres of Mineralized Strike at Gogó Da Onça Exploration Target at Its Monte Do Carmo Project, Brazil

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Monday, September 26, 2022
Serra Alta, Carmo, Company, Table, Growth, Cerrado, Gold, CEO, CERT, Feasibility study, Outline, MDC, Mining, Oil, Road

Cerrado Gold Inc.: Cerrado Gold Confirms over 250 Metres of Mineralized Strike at Gogo Da Onca Exploration Target at Its Monte Do Carmo Project, Brazil

Key Points: 
  • Cerrado Gold Inc.: Cerrado Gold Confirms over 250 Metres of Mineralized Strike at Gogo Da Onca Exploration Target at Its Monte Do Carmo Project, Brazil
    The issuer is solely responsible for the content of this announcement.
  • Today the Company is reporting 10 drill holes (see Tables 1 & 2) exclusively from Gogo, a new satellite exploration target at MDC.
  • As of September 1st, 2022, a total of 19 drill holes, totaling 4,050m have been completed at Gogo, with an additional 3 holes currently in progress.
  • Assay results received to date outline a shallow mineralized North/Northwest corridor of approximately 250m in strike length, located less than 300m north of the Serra Alta PEA open pit.

Cerrado Gold Reports After Tax NPV5% of US$617 Million with IRR of 94.8% in Its Updated Preliminary Economic Assessment at Its Monte do Carmo Gold Project in Brazil

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Monday, August 23, 2021
IRR, Population, Gold, Water supply, NPV, Life, Nature, Acquisition, Mining, LOM, Mineral resource estimation, MDC, NI, PEA, AISC, Health, Cerrado, Saindak Copper Gold Project, CIP, Public expenditure, Workforce, SEDAR, CEO, KV, Water, Metallurgy, Porto Nacional, Serra Alta, GOLD, Amusement arcade

Cerrado Gold Conference Call: Sep 1, 2021: 11:00 AM Eastern Time (Details below)

Key Points: 
  • Mark Brennan, CEO of Cerrado Gold, commented, "We are extremely pleased with the results of the PEA.
  • The results demonstrate the tremendous economic potential offered by the development of the Serra Alta deposit as the initial cornerstone operation at our Monte do Carmo project.
  • We continue to explore Serra Alta and regional satellite analogue deposits to determine the full potential of the Monte do Carmo gold district."
  • Total cumulative, after-tax free cash flow over the life of mine is estimated at US$762 million at a $1,600/oz gold price.

Cerrado Gold Reports New Mineral Resource for Its Serra Alta Deposit, Tocantins State, Brazil

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Wednesday, August 4, 2021
Economic geology, Mineral economics, Earth sciences, Geography of South America, Geology, Mineral resource estimation, Cerrado, Mineral exploration

The Serra Alta gold deposit was modelled by Cerrado using a wireframe constructed based on a 0.1 g/t Au cut-off grade and a few vein interpretations.

Key Points: 
  • The Serra Alta gold deposit was modelled by Cerrado using a wireframe constructed based on a 0.1 g/t Au cut-off grade and a few vein interpretations.
  • An indicated mineral resource has a higher level of confidence than an inferred mineral resource.
  • The previous and maiden resource statement for Serra Alta was published by Cerrado in April 2019 (Effective resource statement date December 2018).
  • There is no certainty that any part of the Mineral Resources estimated will be converted into a Mineral Reserves estimate.