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Cerrado Gold Reports Successful Completion of Its Phase I Drill | The Kingston Whig Standard

Article content Results of the Drill Program expected to support original target of 1.2 – 1.6 million ounces at the Serra Alta Deposit New Mineral Resource Estimate targeted for late June and new Preliminary Economic Assessment for end of July We apologize, but this video has failed to load. Try refreshing your browser. Cerrado Gold Reports Successful Completion of Its Phase I Drill Program at Its Monte Do Carmo Project in Brazil Back to video Toronto, Ontario–(Newsfile Corp. – April 22, 2021) – Cerrado Gold Inc. (TSXV: CERT) (“Cerrado” or the “Company”) is pleased to announce that is has completed its Phase I Drill program of exploration and infill definition drilling at the Serra Alta deposit, at its Monte do Carmo (“MDC”) Project located in Tocantins State, Brazil. The final drill program saw 55 holes completed totaling 18,998 metres. The additional metres drilled, relative to the original targeted metres, were drilled to ensure Cerrado hit disclose

Aura Minerals Approves Development of Almas Gold Project

Aura Minerals Inc. (TSX: ORA) (“ Aura” or the “ Company”) is pleased to announce that, based on the conclusion of a completed feasibility study (the “Study”) and detailed analysis by the management team, the Board of Directors of the Company has approved the development of the Almas Gold Project (“Almas” or “the Project”), an open pit gold mine located in the state of Tocantins, Brazil. The Almas Project is expected to be operational by the second half of 2022, with an after-tax total investment estimated at approximately US$73 million, yielding an after-tax net present value (“NPV”) of US$183 million when using the weighted average consensus gold prices for the projected period of US$1,558 per ounce. An upside scenario using a gold price of US$1,800 per ounce yields an after-tax internal rate of return (“IRR”) of 57% and after-tax NPV of US$260 million. Average annual gold production is estimated at 51,000 ounces during the first four years of the Proje

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