Cerrado Gold: First Gold Pour at Its Las Calandrias Project

Highlights

First gold poured from the Las Calandrias heap leach project
Las Calandrias is now ramping up to full production, expected in Q3 2023
MDC (Brazil) Feasibility Study in the final optimization stage

Cerrado Gold Inc. (TSX.V:CERT) (OTCQX:CRDOF) announced that it has poured its first gold from its new heap leach gold production project at the Las Calandrias area in Argentina. Mining and stacking operations are at planned capacity, and gold production is expected to steadily increase as the retention period for the stacked ore is reached, allowing the project to reach design capacity during the third quarter of this year.

Las Calandrias heap leach Gold Pour

Cerrado Gold Inc., Sunday, July 9, 2023, Press release picture

Cerrado reported that t it is in the final stages of completing its Feasibility Study for Serra Alta deposit at the Monte Do Carmo (“MDC”) project in Tocantins, Brazil. Together with its consultants, the project team are conducting final optimizations, design trade offs and sequencing of the mine plan and we expect to complete the feasibility shortly.

We are extremely pleased to see the first gold poured from the Las Calandrias project and this is a testament to the hard work and dedication of the operations team. In addition, this represents a significant milestone for Cerrado as we continue to deliver on our production growth strategy in Argentina. In Brazil, as we near the completion of the study phase, we continue to be confident that the MDC Project will be a very robust project which should position Cerrado for a period of rapid growth.Mark Brennan, CEO & Chairman, Cerrado Gold

Cerrado Gold is a market awareness client of Capital 10X.

Duane Hope

Duane Hope is a Partner at Capital 10X, he brings over 15 years of communications and research experience to the firm. His research and writing has appeared in publications for North American, European and Asian audiences.