Exploration Program Expansion
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Cerrado Gold Announces Acceleration of Exploration Program at Its Minera Don Nicolas Gold Mine
Globenewswireยท 2025-09-30 15:21
Core Insights - Cerrado Gold Inc. is accelerating its exploration program at the Minera Don Nicolas gold mine, increasing the scope from 20,000 metres to approximately 50,000 metres in 2026 by adding three additional drill rigs [1][2][4] Exploration and Development - The company plans to expedite assay completion by certifying its on-site lab, allowing for quicker turnaround times and issuing exploration results in batches for better clarity [2][4] - Operations at the Minera Don Nicolas site are performing well, with new investments in mining equipment leading to a delivery rate of 300,000 tonnes per month to the leach pad [3][4] - Underground development is progressing, with three access portals open and initial higher-grade underground ore being fed to the mill [3][4] Management Commentary - CEO Mark Brennan highlighted the significant potential of high-quality exploration targets and the decision to expand the drill program as a strategic move to enhance production and mine life [4] Company Overview - Cerrado Gold is a Toronto-based company focused on gold production, development, and exploration, owning the Minera Don Nicolas and Las Calandrias mines in Argentina, and holding interests in projects in Portugal and Canada [5][6][9]