Cerrado drills 2.65 metres of 118 g/t gold at Minera Don Nicolas, Argentina

Share this article

Cerrado Gold Inc. [CERT-TSXV] reported results from 14 drill holes from its continuing 12,000-metre exploration drill program at the Chulengo target at its Minera Don Nicolas Project in Santa Cruz province, Argentina.

The focus for the current program is to delineate new, high-grade, near-surface mineralization that can be brought into the production schedule in the near term. Results highlighted in this release are from 14 drill holes: PA-D21-51 through 63 and 65. Cerrado has completed 1,172 metres at Chulengo as of May 5, 2021. High-grade gold results from trenching at Chulengo are also reported.

Drill hole highlights (all composites are reported as true thickness). Drill hole PA-D21-57 returned 6.00 metres grading 5.5 g/t gold, starting from 48.80 metres, including 3.35 metres grading 8.98 g/t gold, from 48.80 metres. PA-D21-62 returned 2.65 metres of 118.04 g/t gold, starting from 15.65 metres, including 0.55 metres grading 565.98 g/t gold from 16.45 metres.

Hole PA-D21-63 returned 7.10 metres of 22.58 g/t gold, starting from 33.05 metres, including 4.25 metres grading 37.08 g/t gold, from 33.85 metres. PA-D21-65 returned 14.63 metres grading 5.05 g/t gold, starting from 1.10 metres, including 1.62 metres of 31.60 g/t gold from 13.80 metres.

Trench highlights (all composites are reported as true thickness). Trench PA-T21-018 returned 4.25 metres grading 10.08 g/t gold, starting from 27.95 metres, including 2.34 metres grading 19.83 g/t gold, from 30.00 metres. Trench PA-T21-023 returned 12.00 metres of 6.48 g/t gold, starting from 1.00 metres, including 6.00 metres grading 12.24 g/t gold, from 4.00 metres. Trench PA-T21-024 returned 5.61 metres of 11.75 g/t gold, starting from 16.00 metres, including 3.27 metres grading 18.49 g/t gold, from 17.00 metres.

Mark Brennan, CEO and co-chairman, commented: “We are very pleased the ongoing drill program continues to define the Chulengo target as a potential source of additional near-surface, high-grade material and fully expect the ongoing program to highlight the significant near-surface potential that remains at Minera Don Nicolas to enhance the current open-pit mine operations. Following the evaluation of these first-round assays, we will follow up with additional drill holes at Chulengo imminently.”

In mid-day trading, shares of Cerrado Gold gained 7 cents to $1.60 on a volume of 51,800 shares traded.

 


Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't miss the

NEWSLETTER

Exclusive editorial

Breaking News

Quality Company Coverage

Expert Writers

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Resource World Magazine will use the information you provide on this form to be in touch with you and to provide updates and marketing.