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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

Comment by baystock1on Jun 18, 2024 5:23pm
154 Views
Post# 36094881

RE:RE:RE:Hello

RE:RE:RE:HelloI should clarify my previous post. I misspoke that they are thinking of shutting down underground mining. They are currently not doing any underground mining. They are actually looking to suspend mining the high grade material from open pits that feeds their mill. This is what they want to suspend until they prove up more economic resources. I think this is a good thing. Focus should be on mining with a good profit margin and not on the number of ounces produced. Once the heap leach mine is in commercial production Cerrado will have an option to put the mill on care and maintentance and produce only from the heap leach. They can resume production from the mill once they have a mining plan that shows it will be very profitable.
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