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Cerrado Gold Inc V.CERT

Alternate Symbol(s):  CRDOF

Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on projects in the Americas. The Company is the 100% owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina and is the 100% owner of the Mont Sorcier Iron Ore Project in Quebec, Canada. In Canada, it holds a 100% interest in the Mont Sorcier Iron Ore and Vanadium project, which has the potential to produce a premium iron ore concentrate. The Minera Don Nicholas (MDN) property is located in the mineral rich Deseado Massif in the province of Santa Cruz, totaling 333,340 ha's of concessions. MDN is producing operating mining from two separate open pit areas, La Paloma and Martinetas. The Mont Sorcier Iron ore property is located just 18 km outside of Chibougamau, Quebec. The Property hosts a large Iron resource with significant and extractable Vanadium.


TSXV:CERT - Post by User

Post by Tree2treeon Jun 16, 2021 10:03am
130 Views
Post# 33394759

From their June presentation

From their June presentationLet's see if they will meet these targets (page 8 of the June presentation):

Near-term focus to optimize and grow production at Minera Don Nicolas while targeting substantial resource growth at the Monte do Carmo Project

Generate robust cash flows from current operations at MDN to support growth

BRAZIL

Completed 19,000m Phase I drill program targeting a resource of 1.5MM ounce resource report by June; followed by new PEA that should be enhanced by additional ounces.

Commenced Phase 2, 15,000m drill program targeted to grow to over 2MM ounces by end of 2021 that will include additional regional analogue targets.

Commence development plan to feasibility study at Serra Alta in Q2 2021 to build on PEA mine plan
and to allow for construction to commence in Q4 2022 and production in Q4 2024.

ARGENTINA

Evaluation of leaching oxide resources on MDN property to add 20,000 30,000 ozspa of low-cost gold production in Argentina. Construction decision expected in Q1/21 with production by year end.

Accelerate exploration at Minera Don Nicolas to expand high-grade material to expand resources from both open pit and underground targets


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