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Cerrado Gold Announces Resignation of a Director
Globenewswire· 2025-10-10 15:04
Core Viewpoint - Cerrado Gold Inc. announces the resignation of Mr. Robert Campbell from its board of directors as he intends to retire, with management expressing gratitude for his contributions and wishing him well in retirement [1] Group 1: Company Overview - Cerrado Gold is a Toronto-based gold production, development, and exploration company, fully owning the Minera Don Nicolás and Las Calandrias mines in Argentina [2] - The company holds an 80% interest in the Lagoa Salgada VMS project in Portugal and is developing the Mont Sorcier Iron project in Canada, which it fully owns [2] Group 2: Operations in Argentina - In Argentina, Cerrado is enhancing asset value at the Minera Don Nicolás operation through operational optimization and increasing production at the Las Calandrias heap leach project [3] - An extensive exploration campaign is ongoing to unlock potential resources in the Deseado Masiff region [3] Group 3: Operations in Portugal - In Portugal, Cerrado is focused on the Lagoa Salgada VMS project, which is located on the Iberian Pyrite Belt and is characterized by high-grade polymetallic mineralization including zinc, copper, lead, tin, silver, and gold [4] - The project has significant exploration potential across its 7,209-hectare property and is strategically located 80 km from Lisbon, benefiting from excellent infrastructure [4] Group 4: Operations in Canada - Cerrado's Mont Sorcier Iron project has the potential to produce premium iron concentrate with low operating costs and a long mine life [5] - The high-grade and high-purity product supports the transition of steel producers to electric arc furnaces, aiding in the decarbonization of the industry [5]
Mont Sorcier Iron Vanadium Update
Globenewswire· 2025-05-01 13:00
Core Viewpoint - Chibougamau Independent Mines Inc. and Globex Mining Enterprises Inc. are updating on the Mont Sorcier iron vanadium deposit, highlighting their respective royalties on production and ongoing metallurgical test work aimed at enhancing project feasibility [1][3][4]. Group 1: Project Update - The Mont Sorcier project is focused on producing high-grade iron concentrate with over 67% iron content and low silica and alumina levels below 2.3% [3]. - Ongoing test work includes flotation testing, variability tests, grind size optimization, and equipment sizing, which are critical for the project's development [3][4]. - A Bankable Feasibility Study (BFS) is targeted for completion by the end of Q1 2026, building on a previous Preliminary Economic Assessment (PEA) that indicated a project NPV8% of US$1.6 billion based on 65% iron concentrates [4]. Group 2: Company Royalties - Chibougamau Independent Mines holds a 2% Gross Metal Royalty on all iron and vanadium produced from the Mont Sorcier property [1]. - Globex Mining Enterprises has a 1% Gross Metal Royalty on all iron production from the same property [1].