Cerrado drills 122 g/t gold over 12m at MDN in Argentina
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(Kitco News) - Gold producer Cerrado Gold (TSX.V: CERT) (OTCQX: CRDOF) today announced the highest grade intercept ever reported at the Minera Don Nicolas (MDN) operation in Santa Cruz, Argentina.
In a press release, Cerrado said that RC hole PA_RC23-123 intercepted "outstanding" results from 109m of 12m (apparent width) at 122.2 g/t gold, including 3m at 429.1 g/t from 109m.
The company added that hole PA_RC23-123 was collared approximately 150m to the west of MDN’s operating high grade Chulengo pit. Cerrado also noted it is immediately following up with additional holes in the area.
CEO and Chairman Mark Brennan commented, "Exceptional results like this validate the teams view that MDN is still in the discovery stage, and like other projects in the Deseado Massif, we see substantial potential to grow resources at depth and unlock additional high-grade ounces as exploration continues.”
Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The company is the 100% owner of both the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina, and the prospective Monte Do Carmo development project, located in Tocantins State, Brazil.
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