Cerrado Gold Update on Monte do Carmo Gold Project in Brazil
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Cerrado Gold Update on Monte do Carmo Gold Project in Brazil

Cerrado Gold Inc has announce additional drill results from a further 19 drill holes from its completed Phase I (18,998 metres) definition drilling program at the

Cerrado Gold Inc has announce additional drill results from a further 19 drill holes from its completed Phase I (18,998 metres) definition drilling program at the Serra Alta deposit at its Monte do Carmo open pit gold Project located in Tocantins State, Brazil. The results for the remaining 6 holes of the 55-hole program are expected by June 2, 2021. Mark Brennan, Co-Chairman and CEO, commented, "We are very pleased to see continued positive results from the completed Phase I drill program at the Serra Alta deposit which supports our robust outlook and highlights the longer term potential offered in the region. The reported results provide us with great confidence that our anticipated projections will be met. In addition, we are excited by the prospects of the regional drilling which is being initiated in the current Phase 2 drill program, to demonstrate the larger regional potential of the Monte Do Carmo district."

Drill Hole Highlights (All composites are reported as true thickness):

FSA-115

4.43m at 9.31g/t Au, from 21.30m

FSA-119

24.53m at 2.22g/t Au, from 43.77m

Including 6.60m at 4.71g/t Au from 52.29m

13.86m at 2.01g/t Au, from 247.84m

Including 3.16m at 6.95g/t Au from 247.84m

FSA-132

2.23m at 10.38g/t Au, from 55.96m

14.82m at 1.82g/t Au from 102.57m

27.74m at 2.19g/t Au, from 153.31m

Including 1.05m at 23.09g/t Au from 153.31m

15.50m at 2.85g/t Au from 193.35m

Including 4.15m at 7.15g/t Au from 204.70m

FSA-137

23.30m at 1.89g/t Au, from 258.45m

9.49m at 14.60g/t Au from 323.80m

Including 0.94m at 107.77g/t Au from 325.88m

FSA-141

9.64m at 4.12g/t Au, from 76.65m

Including 2.15m at 14.92g/t Au from 76.65m

35.08m at 1.81g/t Au from 111.31m

FSA-142

10.24m at 9.34g/t Au, from 195.70m

Including 5.18m at 17.28g/t Au from 197.80m

FSA-145

19.00m at 1.90g/t Au, from 87.05m

Including 0.99m at 12.20g/t Au from 87.05m

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